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Builder can’t forfeit advance without a sale agreement

Builder can’t forfeit advance without a sale agreement

RERA: Telangana Real Estate Regulatory Authority (RERA) recently passed a judgement ordering a builder to refund the advance money fully. This is because the RERA authority found that the builder drafted a one-sided agreement and also did not sign the sale agreeement despite taking about 20% of the money in advance.

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Builder cannot forfeit advance money without signing sale agreement; TG RERA orders refund of Rs 12.1 lakh to homebuyer
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