Refund and Cancellation Policy

This Refund and Cancellation Policy outlines the terms and conditions for cancellation of plot allotment and refund of payments made under the CM Jan Awas Yojna. It is important to read this policy carefully before making any payments.

1. Cancellation by the Purchaser

1. Cancellation Request: A Purchaser may request to cancel their plot allotment by submitting a written request to the Seller. The request must clearly state the reason for cancellation and include the Purchaser's application/allotment details.
2. Cancellation Charges: Cancellation by the Purchaser will be subject to deduction of cancellation charges. The charges will be determined based on the stage of the project and the expenses incurred by the Seller. These charges may include administrative costs, marketing expenses, and any other related costs. The specific cancellation charges will be detailed in the allotment letter/agreement.
3. Refund Amount: After deducting the applicable cancellation charges, the remaining amount (if any) will be refunded to the Purchaser.
4. Refund Timeline: The refund process will be initiated within [Insert number] days of receiving the cancellation request. The actual time for the refund to be credited to the Purchaser's account may vary depending on the payment method and banking procedures.

2. Cancellation by the Seller

1. Breach of Terms: The Seller reserves the right to cancel the allotment of a Plot if the Purchaser breaches any of the terms and conditions of the allotment letter/agreement, including but not limited to:
   1. Failure to make payments as per the payment schedule.
   2. Providing false or misleading information in the application.
   3. Violation of construction regulations or guidelines.
   4. Any other breach as specified in the allotment letter/agreement.
2. Forfeiture of Payments: In case of cancellation by the Seller due to the Purchaser's breach, the Seller may forfeit a portion or all of the payments made by the Purchaser. The amount forfeited will be determined based on the terms and conditions of the allotment letter/agreement and the extent of the breach.
3. Refund in case of Project Cancellation: In the event that the entire CM Jan Awas Yojna project is cancelled by the government due to unforeseen circumstances, the Seller will refund the principal amount received from the Purchaser, subject to any deductions as per the government directives. No interest will be payable on this amount.

3. Non-Refundable Charges

Certain charges may be non-refundable, as specified in the allotment letter/agreement. These may include application fees, processing fees, or other administrative charges.

4. Amendments to the Policy

The Seller reserves the right to modify this Refund and Cancellation Policy with the approval of the competent authority. Any changes to the policy will be communicated to the Purchasers through official channels.

5. Disclaimer

Disclaimer:

This is a sample document for informational purposes only. It should not be considered a substitute for professional legal advice. The specific refund and cancellation policies for the sale of real estate plots under the CM Jan Awas Yojna may vary depending on the specific project, location, and applicable regulations. It is essential to consult with legal counsel and refer to the official documents and guidelines issued by the relevant authorities and the Seller before making any purchase.