Refund against Booking amount: No Agreement signed till now..
There are couple of projects being developed right next to each other in Gurgaon by same builder. I booked a flat in first project ("booking form filled", NO agreement signed) and paid the booking amount of 1 Lakh.
After a while I decided to move to the other property (same developer). We finalized flat, and paid around 6 lakhs more for the transfer and to complete 10% ( we were told that the Service tax is increasing so pay befpre 30th June). However, we came to know that there were incorrect information shared by the channel partner and builder, and we refused to move ahead with the agreement (for second flat, "we have NOT signed any BOOKING form or agreement). Now builder is threatening to charge 10% of the entire flat cost for cancelling the booking. Is there a way we can get a refund and save this 10% cancellation charge.
Is it legal for a builder to charge 10% under RERA or any other law?
<Property is in Gurgaon>