Booking cancellation

hojefa (Querist) 19 June 2015 This query is : Resolved
I had booked a flat in KUL Utsav kondhwa Pune (in Sep 2012) at that time residential NA was not issued. This property is being constructed on industrial land. All major bank had approved this project like HDFC and PNB bank.
Last year PMC has put the stay on construction and ask builder to submit the NA.
Till now I have payed 90% of agreement value since my building is 80% completed. My flat is not yet registered because I was out of town for 2 yeas and now there is stay from last 1 year.

Now I want to cancel My booking but builder is saying as per agreement they will deduct 5% of the amount and then they will open the flat for sell. Once flat is sold then only they will return my money. I sold my parental property to buy this flat and now having hard time. Please advice on above matter.

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