We have made payment of Rs. 1 lac (by cheque) booking amount on 3rd march. next day made payment of 4 lacs in order to start the selling procedure. very next day due to wrong guidance from the broker we came to know that property value (as per gvt asseemnt is less by 6 lac) and will not be able to get required loan from the bank. hence wanted to cancel the deal.
In order to save from the hassels we offered some amount as compensation, he agreed to give balance amount but now required affidavit from us where he wants us to put that the deal is cancelled becuase of us ie. buyer and we are agree for the repayment terms and we will not cause any harm to him and his property in future. now if we do not want to even compensate any amount to him and send a legal notice for recovery? will we get success?