Homebuyer Not Entitled For Refund On Cancellation If Payment Is Less Than 10% Of Sale Consideration: Haryana RERA
Haryana Actual Property Regulatory Authority (Authority) bench comprising of Ashok Sangwan (Member) denied refund to a homebuyer whose allotment was cancelled resulting from non-payment of instalments, holding that the homebuyer had paid lower than 10% of the full sale consideration. The general rule adopted by Haryana RERA is that if a builder cancels the allotment…