Legal Question in Real Estate Law in India
I made a payment of 51000 for token amount of buying a flat but now because of financial problem i want tolen money back
I made token money by cheque through property agent to seller and taken proog of token on agents letter head
Can tolen money refundable
Asked on 3/31/14, 3:38 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
31.03.2014
Dear Sir / Madam,
Today is Gudi Padwa - the Maharashtrian Marathi community New Year !
Token money paid for a property transaction is usually forfeited.
Regards,
Answered on 3/31/14, 7:24 am
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