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What happens if I decide to withdraw from the Agreement to purchase the Apartment or unable to pay the installments in time to the Builder and the Agreement stands cancelled?

April 26, 2017Agreement apartment decide happens installments pay purchase time withdraw

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What happens if I decide to withdraw from the Agreement to purchase the Apartment or unable to pay the installments in time to the Builder and the Agreement stands cancelled?

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The Builder on terminating or cancellation of agreement will retain 10% of the amount received till date which includes registration charges, legal fees of lawyer, etc. and repay the remaining only after finding a buyer for the same apartment. The money returned will be interest free.