Hi ALL

I have booked the flat with VXL Realtor Pvt Ltd in year 2006, project - VXL Eastern Height, Indirapuram .

Builder promised for bank loan funding at the time of booking .

I have paid 10 % of flat cost while booking, after that requested builder to work with bank to finance the project . However due to incomplete property papers, UTI bank disqualify thier loan application .

Later builder asked for another term of payment, and i requested them to process for home loan so that we can pay the rest of flat cost, mean while i have paid 3 lacs in demand of 5 lacs .

After that builder haven't communicated, and when ever i tried to contact, they stated, will update you very soon the project status .

Finally, i visited builder corporate office and come to know that they cancelled my booking without notice .

Moreever, now he is not agree to return my invisted money even, asked me to sign the cancellation form .

Cancellation term - deduct 20 % flat cost as cancellation .

Please suggest me, if there is a way to get my money back and put the builder behind the bars .

Appreciate, if any one else also faced the same issue, Please write to me so that we can take this forward with media / court .

Thanks & Regards
Nirmal