Haryana RERA Upholds Cancellation Of Flat's Booking, Orders Ireo Grace To Refund After Deducting 10% Of Total Sales Price

The Haryana Real Estate Regulatory Authority (RERA) ruled that in cases where a flat booking is canceled by the buyer, the builder is entitled to deduct cancellation charges but must refund the remaining amount within a stipulated time. The ruling was made in a case where a homebuyer sought a refund after canceling a booking. The authority emphasized that the builder must adhere to transparent policies regarding cancellations and refunds, ensuring fairness in the real estate market.