Haryana RERA Upholds Cancellation Of Flat's Booking, Orders Builder To Refund After Deducting 10% Of The Basic Sales Price

In a recent RERA case in Haryana, a builder’s request to cancel flat bookings was partially upheld. The Haryana Real Estate Regulatory Authority (RERA) ruled that while the builder can cancel bookings, they must refund the amount paid by the buyers, minus a 10% deduction of the basic sales price. This deduction is justified as it covers administrative and other related costs incurred by the builder. The decision highlights the importance of understanding refund policies and the application of RERA regulations in real estate transactions. Buyers should carefully review their agreements and RERA guidelines to ensure fair treatment in case of disputes.