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Every penny count. Things to remember while cancelling flat booking. What are the clauses? How can the developer help with your continuity of booking decisions? How to deal with your booking post corona pandemic is over? All Question answer briefly.
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T O R B I T C O N S U L T I N G HOW DO I CANCEL MY FLAT OR APARTMENT BOOKING Information sourced | https://www.torbitconsulting.com/how-do-i-cancel- my-flat-or-apartment-booking/ The Real Estate Industry has been under stress post demonetization in 2016. This coupled with GST, RERA, IBC, NCLT, and others, has created a compliance structure that the industry was not used to. Many developers shut shop in the new environment and many are struggling to exist. we saw consolidation in the real estate industry where the small developer collaborated with the large and corporate developer for handholding and for assurance of completing the responsibility which he had undertaken before demonetization. R E A L E S T A T E I N D U S T R Y I S U N D E R T R E M E N D O U S P R E S S U R E O N A T L E A S T 3 A C C O U N T S LIQUIDITY DEMAND LABOUR H O W D O I C A N C E L M Y F L A T B O O K I N G ? The legal right and recourse. I am underlining the process and procedure listed under the RERA act and its provisions. H O W T O D E A L W I T H Y O U R B O O K I N G P O S T C O R O N A P A N D E M I C I S O V E R ? The legal right and recourse. I am underlining the process and procedure listed under the RERA act and its provisions. H O W T O H A N D L E U R G E N C I E S A N D F I N A N C E S T O S U S T A I N Y O U R P U R C H A S E D E C I S I O N ? The financial crisis imposed by Corona has left builders shattered and the community is forced to plead with compliance authorities like RERA to use the Force Majeure clause and give extra time to complete projects. H O W C A N T H E D E V E L O P E R H E L P W I T H Y O U R C O N T I N U I T Y O F B O O K I N G D E C I S I O N S ? I am certain that the authorities will be evaluating the buyer-seller situation and will then make a decision that helps both parties.