icons

Login / Sign up

Zero Brokerage.

Thousands of new listings daily.

100 Cr+ Brokerage saved monthly.

Enter phone to continue

Change Phone
Get updates on WhatsApp

Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Legal / Under RERA, the builder is asking for 10% cash when booking. Is it legal?
Q.

Under RERA, the builder is asking for 10% cash when booking. Is it legal?

view 520 Views

1

1 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
1 2023-07-26T11:18:43+00:00
Best Answer

No, it is not legal for the builder to ask for 10% cash when booking under RERA. Developers and builders cannot ask for more than 10% of the property’s cost as an advance payment before the sale agreement is signed.

Need help with property registration and document verification? Contact NoBroker Legal experts to get end to end assistance here

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

See All

Recently Published Questions

What will happen if we sell SRA property before 10 years lock-in period?If joint owner can claim stamp duty registration individually can the fees be divided in two part not less than rs. 150000/-. Stamp duty registration fee is rs 328000/-. Can it be claimed by both Rs. 150000/- each. Please replyWhat is the first process for registering for new flat?Can I Mention Cash in Flat Sale Deed?Can GPA Holder Register Property in His Own Name?Can a Registered Sale Agreement be Cancelled?How to Stop Someone Selling Your Property?Can a Property be Registered in Two Names?Is Transfer Duty the Same as Stamp Duty?How to Get Land Valuation Certificate?See All

Authors Of The Question

profile
Apurva

0 Total Answers


0


profile

Recently Answered Questions

How Long PCC is Valid? Do grandchildren have right in Maternal ancestral property when mother is alive? Flat is in the husband name and he has nominated his wife. After his death his wife wants to transfer flat in her name but they have a son. How can a co-owner sale a jointly held property? How to solve property-related problems? My owner wanted to sell the property without informing me. What to do? We are 7 sisters and one brother. How to divide property in Islam? How to register a will by an NRI without having an aadhaar card or address proof? I have purchased property in GHMC Hyderabad and a loan is taken on property. I have submitted all papers for “GHMC TITLE TRANSFER MUTATION”. I have been asked to submit “NO OBJECTION “ letter to change name in municipal. From where can I get NOC? Can a developer demolish the existing refuge area of a building which has received partial OC and members staying in the building? Is this legally permissible by MCGM authorities? How does it impact the safety of residents staying in the building ?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners