Bengaluru | 07 Feb, 2021 (2 years, 3 months ago)

Property Law

Reg New flat purchase under construction

I am buying a new residential under construction flat. Builder says it will be ready by latest March 1 st week 2021.We have given token amount of 2 Lakh via cheque. Sale of agreement will be ready this Monday and they say they want the balance complete amount after they give us agreement. We thought we would pay half after getting agreement and rest after construction is complete. They have not got OC,that is given after construction they say and they say that is in Government hands. Should we give balance complete amount after getting agreement? I am not sure whether to proceed with this flat. Also is the token amount 2 Lakhs refundable if I decide not to proceed? I am based in Bangalore

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