Cancellation and Refund Policy
The application for allotment is provisional and will only be
confirmed upon mutual acceptance by both parties and the signing of a
sale agreement within 21 days from the booking date, accompanied by
the necessary payments towards the agreement. In the event of failure
to comply, Urbanise reserves the right to cancel the transaction at
its discretion.
If the buyer decides to cancel or developer is forced to cancel due to
default payments from buyers’ side before entering into an agreement,
a cancellation fee will apply as detailed below:
- Before Agreement: Rs. 50,000/-
-
After Agreement: Full booking amount (capped at 10% of the
apartment’s cost)
Additionally, the cancellation amount will also include any government
levies and taxes (GST) paid by the company, as well as stamp duty
charges for the agreements.
Following cancellation as per the above terms, any remaining amount
(if Any) will be refunded to the applicant within 90 days, without
accruing any interest. The applicant consents to the specified
conditions.