A buyer cancels a property booking before the Agreement for Sale is executed, but the builder insists on a credit note instead of a refund. This editorial explains how MahaRERA typically views booking-stage cancellations, forfeiture limits, and why buyers should be cautious before accepting credit notes.
MahaRERA’s latest refund order sends a clear signal: collect beyond 10% without an agreement, raise demands out of sequence, forfeit unfairly, or resell disputed inventory—and liability can escalate quickly. Here are five lessons Mumbai–Thane buyers and developers should apply immediately.
MahaRERA’s Latest Refund Order: 5 Lessons for Mumbai–Thane Homebuyers and Developers Read More »
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