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Home / Legal / The Buyer of a property has passed away due to covid. He had done the registration of property on the basis of agreement to sale while loan was under process . Now the buyer's heir doesn't want to buy the property. Will the amount be refunded by the developer or not?
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The Buyer of a property has passed away due to covid. He had done the registration of property on the basis of agreement to sale while loan was under process . Now the buyer's heir doesn't want to buy the property. Will the amount be refunded by the developer or not?

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0 2021-06-02T21:25:51+00:00
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If sale deed registration is not done then sale agreement(or the agreement to sell) amount can be refunded by the builder.  He may however demand for cancellation charges of around 1% but those charges can be negotiable based on builder. If the Sale deed registration is done then the buyer's family has to resale the property and give back the amount.

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Harshad

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