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FORFEIT OF BOOKING AMOUNT
Gujarat consumer panel clears Air India over fog-hit flight diversion, citing safety mandate- Court orders builder to return Rs 3 lakh with 9% interest after buyers cancel flat booking due to delayed construction
- Builder cannot forfeit advance money without signing sale agreement; TG RERA orders refund of Rs 12.1 lakh to homebuyer
- RERA: Mumbai couple wins Rs 20.65 lakh against builder who forfeited booking amount for cancellation of the dealRERA: The Maharashtra Appellate Tribunal (MahaREAT) has ruled that a promoter cannot arbitrarily forfeit advance money paid for a flat. The...06 Nov, 2024, 12.47 PM IST
- NRI homebuyer to get Rs 1.26 crore as refund and compensation from Godrej Properties against cancellation of flat bookingMahaRERA: A non-resident Indian (NRI) paid Rs 97 lakh to book a Godrej flat, however when Godrej cancelled the flat booking, entire money (...05 Sep, 2024, 05.11 PM IST
- Will you get refund of flat booking amount after cancelling it? Check your state's RERA Act which will decide the extent of recoveryFlat booking refund: There are some states like Maharashtra, Delhi, Madhya Pradesh etc who specify up to how much amount of the booking amo...03 May, 2024, 02.03 PM IST
- Refund of flat booking amount: Homebuyer fights Godrej Properties and wins the case; Know your rights under RERAGodrej Properties: A homebuyer booked a flat with Godrej Properties near Mumbai in 2019 by paying Rs 5 lakh as earnest money. Due to person...29 Apr, 2024, 11.08 AM IST
- If home buyer opts out, builder must refund most amount: NCDRCThe National Consumer Disputes Redressal Commission said one-year delay in completion of a housing project is reasonable and a buyer cannot...03 Jul, 2020, 11.24 AM IST
- Maharashtra Real Estate Tribunal says booking amount forfeiture unfair due to inequitable, one-sided pactsMaharashtra Real Estate Tribunal rules in homebuyers’ favour to get booking amount refund.30 Jun, 2020, 07.21 PM IST
- Home buyers won't lose money for cancelling delayed flats: NCDRCIn order to discourage home buyers from cancelling allotment, builders always put stringent clauses in the agreement on forfeiture of a sub...04 Jun, 2019, 12.36 PM IST
- Exiting a project under RERA may cost you dearlyThe rule says that the Builder-Buyer Agreement has to be registered for which a certain amount of Stamp Duty has to be paid at time of regi...02 Jun, 2017, 04.52 PM IST
- What to do if builder delays home completionFind out how you can pressurize builders to complete housing projects or compensate for delays in delivery of your home.21 Dec, 2015, 07.56 AM IST
- Cricketer Dinesh Karthik sues automobile designer Dilip ChhabriaKarthik has moved a consumer forum seeking compensation from Chhabria for his failure to refund the booking amount for a sports car worth 3...31 Aug, 2015, 11.01 AM IST
- Real-estate firm asked to pay over Rs 11 lakhs for deficiency of serviceThe panel, in its order, said that in case of cancellation of the allotment, the firm should have returned the balance amount after deducti...06 Nov, 2014, 05.53 PM IST
- Budget 2014: FM Arun Jaitley's new income tax rule has the potential to kill black money market“The Finance Bill 2014 has made the forfeited amount chargeable to tax, thus making it an income and plugging this loophole.”17 Jul, 2014, 05.46 AM IST
- Emaar MGF asked to refund money paid for booking plotEmaar MGF Land Ltd has been directed by the apex consumer forum to refund Rs 2.4 lakh to a man for "deficiency" in service.21 Aug, 2013, 05.38 PM IST
- Unitech asked to pay allottee 6.6 lakhsA real estate developer has been ordered to pay Rs 6.6 lakh to a resident of Rohini for “raising illegal demands from time to time and refu...10 Apr, 2012, 06.11 AM IST
- Unitech held guilty of unfair trade practice, told to pay Rs 6.6 lakh by consumer forumReal estate firm Unitech has been held guilty of resorting to unfair trade practice by a consumer forum here and directed to pay Rs 6.6 lak...09 Apr, 2012, 02.10 PM IST
- Airlines fleece travellers on refundsPassengers booked on full-service carriers don’t get back any cash if they cancel a ticket, even days ahead of their scheduled departure.03 Dec, 2007, 04.23 AM IST
- Spicejet under MRTPC scannerThe Monopolies and Restrictive Trade Practices Commission (MRTPC) has initiated two cases of unfair trade practice against low-cost carrier...16 Nov, 2006, 05.20 PM IST
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