What Happens if You Cancel the Booking of a Property?

What Happens if I Cancel the Booking of my property from the Builder?

Sometimes it is quite possible that you want to cancel your booking of your apartment or any other kind of property with the builder. In that case, you will be expected to pay a penalty, which varies widely from builder to builder.

Ideally, before you book your property, this should be mentioned in your contract. However, such terms and conditions are written in favour of the builder. Sometimes, you will get a refund as and when the developer obliges.

And that’s why you should carefully read such terms and conditions before booking a property with a builder.