Krish Housing & Properties – Failing to refund property booking amount

Reported By: Dakshina Murthy A

Contact information:
Krish Housing & Properties

I have booked two plots no 12, 13 with Krish Housing and Properties Pvt Ltd on 9/Aug/2021.

I have appealed for a cancellation three months after booking the plots (it was a long wait since the property did not have CMDA approval at that time).

As per the terms and conditions in the invoice, I will be charged 15% of the booking amount. But, the property developer is failing to refund the booking amount deducting the cancellation fee of 15% of the booking amount even after two months of our hand-written cancellation requests.

I am quoting their email response which says that they cannot refund the amount since they are paying interest to someone else for reserving (on hold) with someone else.

“Hi Sir,
As we discussed over phone call, You Requested for cancellation Sai
garden Phase1 (Plot 12, 13 SQFT=2155), But we have completed 90% of
banking work and U booked in the date of 9th Aug 2021 Almost 4 months
completed, So Since we paying 2% interest to vendor for 4months but u
asking now cancellation without completing registration .. So U have
done 200000 Booking amount for this plots ..As per company norms we cant
refund the amount more than booking amount we paid interest for this

I am currently in Riyadh due to work and my contract is going to end in April and may not be renewed. What are the legal options which my father can take initiate against the company while I am here?


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