Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Legal / I paid 90% amount to RERA approved property via RTGS transfer to RERA linked bank account. Its been 3 months and I haven't entered into any agreement with the builder so far, though he shared draft of an agreement with me. Now due to some personal problem, I want to come out of the project. How much money I have to pay as penalty ?
Q.

I paid 90% amount to RERA approved property via RTGS transfer to RERA linked bank account. Its been 3 months and I haven't entered into any agreement with the builder so far, though he shared draft of an agreement with me. Now due to some personal problem, I want to come out of the project. How much money I have to pay as penalty ?

view 605 Views

1 Answers

3 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
2 2021-02-01T11:26:54+00:00
Best Answer
⤺ Reply
Ideally, you shouldn't have transferred the money without signing an agreement with the builder. Penalty amount is decided mutually between both the parties - the builder and you. But if you find the amount quoted by the builder to be unreasonable, you can challenge it in court.

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

I Want My Shop To Be Rented for Bank ATMWhat is the difference between sales agreement and sales registration?What is the Unregistered Sale Agreement Validity Period?How much is stamp duty and registration in Mumbai?Can a Property be Registered in Two Names?How is betterment charges/improvement charges calculated for an apartment? Is it calculated based on UDS or the Built Up area? Is it a one time payment? And if the BC/IC is paid by the builder for land before construction do we need to pay it again for apartment?Can GPA Holder Register Property in His Own Name?What is the difference between the registration of agreement of sale and sale deed?Difference Between Sale and Exchange?What happens when someone dies before completing an agreement to sale an immovable property?See All

Recently Published Questions

How to Get Land Valuation Certificate?Can I do sale agreement of my flat since the construction is in progress with the builder?Is Stamp Duty Applicable on Resale Flats?Difference Between Sale and Exchange?Is Stamp Duty Payable on Vacant Land?What is the Stamp Duty for Settlement Deed in Tamilnadu?What is Stamp Duty on Family Settlement Deed in Delhi?What is the meaning of Sale Agreement with Possession?Can Sale Deed be Challenged?How to Avoid Stamp Duty on Second Home?See All

Authors Of The Question

profile
Siddhartha N

0 Total Answers


0


profile

Recently Answered Questions

What is the Runwal Eirene Thane possession date and construction status? What is super built-up area? What is government square feet rate in Perambur? What is price per square feet in Velachery? Where can I find flats for sale in Velachery below 25 lakhs? Which are new construction flats for sale in Velachery? Which apartment societies have ready to occupy flats in Poonamallee? How do I get free contacts on Nobroker? Where is Sobha Windsor located? How to put advertisements for my plot?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners