If the applicant proposes to cancel or withdraw the booking of the unit, within 30 days from the date of payment of application amount but before the execution of Agreement to Sell, the promoter shall be entitled to forfeit 20% of the amount received as administration charges and shall refund the balance amount within a period of 60 to 90 days from the date of receiving the application for such cancellation. Further, if the applicant proposes to cancel or withdraw the booking after 30 days from the date of payment of application amount but before the execution of Agreement to sell, the promoter shall be entitled to forfeit the full application/booking amount received till date.
In case of default by the applicant(s) in payment of any installments, interest shall be paid by applicant(s) at the interest rate as prescribed by the Real Estate (Regulation and Development) Act, 2016 and Rules and Regulations framed there under. In this case promoter shall have the right to cancel the booking/allotment/agreement and the applicant(s) would be entitled to get the refund after deducting, booking amount of the unit, taxes, interest on unpaid installments etc. and incentive or brokerage paid on such unit.
Love Home Marwar, Shastri Nagar Extension,
Near Shobhawato ki dhani, AIIMS Road
Jodhpur, Rajasthan.