Flat Cancellation Charges as per RERA | Know this Before Booking a New Flat
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2023
- One of the most common queries of home buyer is about cancellation charges as per RERA and about refund on cancellation of flat booking. In this video I have covered cancellation process and refund that a home buyer can get at EOI stage, on cancellation of flat booking after submitting application form, on cancellation before builder buyer agreement is registered, on cancellation after builder buyer agreement is registered and on cancellation after OC is received.
I have also covered exceptions to cancellation policy as laid down by RERA, MAHARERA flat cancellation charges and HRERA cancellation charges for affordable housing projects
This video includes
1. What if I cancel my flat booking
2. Flat cancellation process
3. Flat cancellation charges as per RERA
4. EOI amount refundable
5. Token amount refundable
6. What is earnest money
7. Flat booking cancellation charges
8. Refund on cancellation of flat before builder buyer agreement
9. Flat booking cancellation charges after builder buyer agreement
10. Refund on cancellation of flat after builder buyer agreement
11. Flat booking cancellation after Occupancy certificate (OC)
12. MAHARERA flat cancellation charges
13. HRERA flat cancellation charges for affordable housing projects
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About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
You can reach me
Email: info@flatsandkeys.com
Whats app no: 9625111400
#flatbookingcancellationcharges #refundoncancellationofflatbooking #refundafterbba #cancellationchargesasperrera
I recently booked a flat. Your videos answerered all my queries.
Very nice explained Sir
Sir, does the same rule applies in resale property... ? I booked a commercial in Noida but my broker did a cheating along with his shell company.. they took the cheque in the name of a shell company.. now they are saying to talk to shell company..
Top 5 buider of faridabad... Par ek video bana dijiye sir..... Specifically jo builder affordable flats bana rahe ho.
I bought an Apartment one month's back in under construction building in Mumbai and even registration has been done, but I want to change the unit to similar size unit in the same building. Is it possible to change? Please guide.
Your videos are useful and easy to understand, before watching your videos I was not aware about BBA,
After subscribing your channel I learned a lot of new things about real estate,
Thank you for such informative video.
Keep on🎉🎉🎉🎉🎉
Thanks for information
Thank you 🙏🏻
Can we change the payment plan after allotment letter?? Means some amount of cash and other by bank?
Or how much percent they can deduct after BBA ...should advance money but
They are saying mone will deduct on full flat cost...reply its urgent
Hi sir, our possession date was 31st March 2022. But I still have not received possession and don't have a guarantee that I will receive possession in 2024 also..
So what will I do in this case please tell me .
What about ready-to-move property?
What do you suggest which is beneficial for delayed possession if we approach Rera. Also is stamp duty registration covered. And what about emi will have to pay until compensation is received? Kindly guide on this questions or make a video which can help home buyers
1. Compensation and possesion
2. Compensation and withdrawal
Could you talk about prospects of specific micromarkets in Bangalore, NCR, etc.
Thanks for the suggestion. will make a video very soon
Taking back your money from builder is very hard job
True
Sir mene book kiya tha 510 sf. Or bilder ne rera plan vapas cheng kiya jisme 510 nahi tha to cancel kiya. Mene muje puri amaunt milegi bole vo
Hi sir main flat booked kiya hai,, agreement hogaya hai loan se 20% amount gaya hai,, but builder ne Lift ka door change kiya hai, or plan kahi or door dikhaya tha, aise mai kiya karksta hu,, complain kar sakta hu
I think there’s some confusion sir. SC says a builder cannot deduct more than 10% in any case .
All tier-1 builders, after paying 10% only provide property documents for verification. Is this normal? After document checking if anything wrong will they refund full money and how to negotiate to get the documents before paying the 10% amount, let me know thanks.
My question is i pay 3 laks on property of 24 laks BBA is done now i want to cancel my flat how much i will get returned on my 3 laks?????
I booked unit and cancelled before BBA as no bank is financing the project due to builder/project repo in market. Will I get refund of advance paid (4% approx). Pls guide
Hello
Can we connect ?
Ideally you should get refund as cancellation is due to bank not funding the project.
@@flatsandkeys #m3m forfeitted my entire advance of 5L. Now case is in court
I cancelled my flat on the very 2nd day of booking in kumar sunrise hadapsar link road when I came to know that the builder's sales team made many false promises. Now they keep delaying to refund my money. First they asked me to wait for 30 days Now they are saying it will be delayed.
Same issue with me pls advise
Did you get the refund ? If yrs what were the deduction ?
Is this same for commercial property ?
Sir muje kuch nhi pata tha Bích me broker tha aur Maine application from bhi nhi dekha tha usne muje 10 month ka Tym Diya but ab builder pressure de raha h ki aggrement kro
Sir maine ek flat book kiya tha par uska rera approval nhi aaya tha us time. Diwali last year ki baat h, builder ne bola ki thoda down payment karne toh maine kuch pasie de diye jab kuch time tak rera approval nhi aaya toh maine cancellation ke liye apply Kiya. 4 months ho gye h par abhi tak refund nhi aaya. Plzz help. Agar kisi ko kuch pta h toh batao
Sir bank loan approved nhi hua to booking amount return Milega ya nhi
HR confirmation mail ka reply nhi Aya banker ko nri home loan
Hello bhai ek bahot bada problem hai mujhe
Main ne ek property 43 lacs ki book ki. Stamp duty registration builder ki taraf se thhi
Mai ne 625000 diye ab main cancel karna chahti hun kyunki fund arrange nahi ho raha mujh se
To mera kitna loss hoga please help 😢
Please make video on T&t group in siddhartha vihar ghaziabad
Pre launch me ghar lena sasta girta he kya ?
Mai 50% tak pay kr Diya hu Abhi flat Milne me 20 mahine Baki hai lekin mere ko waha se niklna hai kya Mai cancel kr skta hu ..
What is BBA?
Pls make video for Mahira Builder project stuck in affordable housing approx 5k buyer stuck with him making series of fraud...
Thanks for the suggestion. Will make a video on same very soon
yah sare amount cancellation ke waqt mere dwara diye Gaye 10% mein sahi katega yah usko alag se bhi
Bilder ne 1.5 lac liye but agriment nhi hua h pase mna kar rhe dene ko kya sakte h uske liye 1week hue h
Mera affordable flat gurgaon sec 103 hcbs aurovilla billder cancel kar Raha hai kise baat karni chahiye mere bank loan ho gaya hai toh ab builder mana kar raha hai
hi Sir
i had booked one property in Gaur City, but could't pay them the demard money, as a result they have cancelled my Units. however i tried to get additional loan from the band but no band gave me the money because the bank did not approve my loan because the registratiion of the property did not happen, how can i get the money refunded.
You need to approach UPREARA but if you have not paid the demand without any delay in the project or any breach of commitment from developer then it will be difficult for you to get refund. In that case you need to consult a civil lawyer
Bba complete means bba sign or bba register in tehsil as my bba is signed but not registerd in tehsil
BBA complete means signed and registered
Sir, i want to cancel flat agreement currently it is underconstruction phase. I have done agreement 6 months before... How much amount builder can deduct as per RERA?
Same Question
Agreement & stamp duty kaise cancelle kare sir
Same question
I have given token amount and cancelled my booking just after 3 days, There was no paper work done. While doing the payment of token amount they clearly told it will be refunded. Now they are saying it will take 30 working day to refund. I am afraid. 😢
You got the refund?
@@kunalsaini7639did you got the refund
Mere sath same hue he, 1 mahina bata raha he pese wapis lene me
@@kunalsaini7639 yes I got it, But with lot of struggle...instead of calling them started mail communication as well...and it took 3 months.
@@kunalsaini7639 yes...full refund but had to call them continuously...and started communication over mail..
I booked flat in Westview Reserve, pune. It is mentioned in the form that booking amount is not refundable. Will i get the refund?
Why you are cancelling? I was also looking for booking so I wanted to know.
Can you help me booking refand
Refund ka liya Halp karsakteho from maharastra
Sir maine pura process krdiya hai flat ka jaise ki token de diya hai agreement bn gaya hai or registration ka token ka amount bhi de diya or bank ka finance bhi ho gya h or ab kl mera registration h lekin kuch karan se me ye deal cancel krna chahta hu or almost 3 month ho gye h mujhe is process ko kiye hue toh kya m cancel kr skta hu mujhe jo jo paisa bhra h maine wo milega ya nahi please sir btaye mujhe
You will get refund subject to deductions
1. forfeiture amount mentioned in agreement to sale
2. deduction in refund of stamp duty and registration amount, this amount differs as per state policy
can we sell a flat to other customer after agreement, after partial loan disbursement, ---- but before sale deed or before taking possession of flat ?
You can always sell the house after agreement and before possession & Sale deed, provided builder permits. Check lock-in and transfer clause in BBA.
loan taken will be transferred to the new buyer or you can take money from the buyer and settle the loan if new buyer does not want to take a loan.
@@flatsandkeys Thanks a lot for your reply. 🙏
@@flatsandkeys Do we have to cancel our present agreement ?, And after sale to new owner, who will do the sale deed, whether builder will do ?, Does the new owner have to pay new stamp duty & registration charges, OR our stamp duty & Reg charges can be transferred, what are other things....please do tell ? Your inputs are valuable to us. 🙏
Sir my broker sold me a flat of 27lakh with 32.5lakh…and i was not ever aware that he is a broker…he acted as a builder infront of me…i want to file a complaint…he is a fraud can you suggest me what to do?
Please come up with good cities to invest which will be booming in future after 4-5 yrs
Thanks for the suggestion will surely make a video on same soon
Hi Sir, please help me to get refund of my E.O.I from dosti developers. I had express my interest in property in oct 25 with and amount of 51k but so far they are not responding to mail & calls. What to do?
Mila kya apko
@@vaishaliamte6153 yes
I got 100 % earnest money refund
I have booked a flat in Kohinoor Westview Reserve. But don't want to continue. They are refusing to refund the money.
Same here, I have also booked there but I don't want to continue
Did you get the refund
VTP Dolce vita builder in Pune is not refunding my money. I booked flat on 30th June and cancelled on 8th July. I cancelled within 15 days, So according to RERA I should get all money refund but Builder is saying they took deviation approval from RERA to change cancellation policy. VTP PUNE IS WORST BUILDER. DON'T EVER BOOK FLAT IN VTP
Write a cancellation email with marking RERA office in CC, and ask developer to write the same response on email. If he doesn't then file a complaint in RERA
Sir can we have your contact details regarding this same cancellation process
Sir mujhe aap se baat ho sakati hai
Please reply🙏🏽🙏🏽
I have given the booking amount but i did not fill any application form ...do i get full refund?
Yes you can get refund as there is no paper work done.
@@flatsandkeys hey i have done booking 20 days ago but not sales agreement yet. They signed some papers during booking. Will i get refund money for refund??
@@capedbaldy1046sir mila aapka paisa
Sir,i need help..plz send mob no