How much cancellation fee is deducted in projects?- PRoperty Hotline
August 10, 2016
465
5
1.08%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Mirror Now Episodes Around August 10, 2016
See what was published immediately before and after this episode.
2:02Now PlayingHow much cancellation fee is deducted in projects?- PRoperty Hotline
YouTube Description
as posted by the channelExpert: Vinay Singh, Legal & Tax Expert.
Question: I booked a 1 BHK at Indiabulls Golf City at Saroli Phase-2 in May 2013. This was done via the 80:20 schemes with a total value of Rs31.5 lakhs with a commitment of possession in 2016. The builder has delayed the project. I wish to cancel my booking and get back my money. The builder says 5% will be deducted as cancellation fee on the whole amount. This is unjustified. What should I do?
Answer: You can pay the cancellation fee under protest and later file a case with the consumer forum to recover the same with interest. This way, only a small portion of your money is blocked.
Be Un Confused
Links & Promotions
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.