Refund of booking amount

Querist : Anonymous (Querist) 01 April 2022 This query is : Resolved
Hi, i booked my flat in ghaziabad location in Dec and given 10% amount to builder that was 4.5 lakhs. Then I applied for home loan in hdfc and it took 1 month to do a loan process and bank Rejected my application because of some reason then I asked builder for different bank because I have pre sanction of Icici bank, but builder said that only hdfc is providing a loan to us. So now I asked builder like what we can do in this if hdfc is not giving us the loan then they said let us discuss internally if we can do something with your loan but after took 1 month from builder side also there is no results. And now I received a cancellation letter from builder side and they are saying that they will not refund your whole 10% money and they send me a letter with any notice or discussion..

So in this case what can I do to get back my booking amount. Please suggest me

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kavksatyanarayana (Expert) 01 April 2022
Issue him a legal notice in the first instance. The next step to be taken will be guided to you by the counsel who engages. File a case against the builder to recover the amount. If the builder cuts some percentage from your advance, then you amicably decide, and if no option goes to court.

Querist : Anonymous (Querist) 01 April 2022
Thanks for the reply.. i am also planning for legal notice.

krishna mohan (Expert) 07 April 2022
You can demand full refund with compensation including interest. He will come down to refund fully without any deduction. Take the help of local lawyer specialized with property matters.

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