In case of surrender/cancellation of flat by a successful applicant, following amount shall be forfeited in addition to Rs. 25,000/- along with applicable taxes/charges/fee etc
S.No |
Particular |
Amount to be Forfeited |
1 |
In case of surrender/cancellation before the commencement of project |
Nil |
2 |
Upto 1 year from the date of commencement of project |
1% of the cost of flat |
3 |
Upto 2 years from the date of commencement of project |
3% of the cost of flat |
4 |
After 2 years from the date of commencement of project |
5% of the cost of flat |
Such flats, (after surrender/cancellation) may be considered to offer those applicants, if any falling in the waiting list or may be allotted in term of amended affordable housing policy.