No, it is not legal for the builder to ask for 10% cash when booking under RERA. Developers and builders cannot ask for more than 10% of the property’s cost as an advance payment before the sale agreement is signed.
Need help with property registration and document verification? Contact NoBroker Legal experts to get end to end assistance hereYour Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Under RERA, the builder is asking for 10% cash when booking. Is it legal?
Dilip Moolchandani
686 Views
1
2 Year
2023-07-22T18:53:18+00:00 2024-01-23T16:01:30+00:00Comment
Share