Legal Question in Real Estate Law in India
real estate property
I have made Banakhat to purchase flat for rs. 8 lac and paid rs. 2 lac and show period as 1 month or period required for getting loan. now i want to cancel deal. Can i get money back of rs. 2 lac. Banakhat is registered document.
3 Answers from Attorneys
Re: real estate property
That will depends on the term of your agreement.
Re: real estate property
The terms and conditions of the Banakhat needs to be checked.
Presuming the owner has cancelled the Banakhat he is supposed to pay you the full token sum i.e. Rs. 2,00,000/- & if it is a cancellation from your side then it needs to be checked but in any the owner has to pay you the amount.
Before proceeding please contact personally alongwith the copy of Banakhat.
Re: real estate property
It depends upon the terms & conditions of this document.
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