Chapter V
WITHDRAWAL AND TERMINATION
Premature Withdrawals

46. Registrants may withdraw prematurely prior to the issue of Booking Letter subject to the following conditions :-

(a) A registrant should give sufficient notice for withdrawal but not less than two months. For the purpose of intimation of withdrawal the date of receipt of letter in AWHO will be the governing date.

(b) 2% handling charges on the amount of Registration Fee will be deducted.

(c) No interest will be paid on the registration amount if the withdrawal is within one year of registration.

Withdrawal After Issue of Booking Letter.

47. In case an allottee withdraws after the Booking Letter for a dwelling unit or plot has been issued or the booking/allotment is cancelled due to default of allottee, he/she shall be liable to forfeit amount as given below:

(a) SFA,MDA & equivalent (one & two bedrooms)  - Rs.10,000/-

(b) DXA,EA,SDA & equivalent (three bedromms)    - Rs. 20,000/-

(c) LXA/DA Penthouses & DSUs (four bedrooms)   - Rs. 25,000/-

48. Interest on delayed payments due as per schedule will be recovered in addition to the sum as indicated above.

49. Balance amount due after deduction will be refunded only after the dwelling unit has been re-allotted and payment due to AWHO has been made by new allottee or expiry of six months whichever is earlier.

50. Any interest or rebate as payable under the rules shall also be refunded. No interest is admissible on the instalment paid after issue of Booking Letter.

 

Reinstatement of Registration

51. Once withdrawal from registration has been approved and an intimation to this effect issued to the applicant, his / her name would be considered to have been removed from the list of registrants irrespective of the fact whether or not the refund of the amount deposited by the said registrant has been made. No reinstatement is permissible.

Termination of Registration / Allotment

52. The management reserves the right to terminate the registration of allottees and cancel their booking/allotment without any notice for any of the following reasons :-

 

(a) In case of default in schedule of payment beyond 30 days.

(b) In case of non submission of mandatory legal documents i.e affidavit, undertaking, Special Power of Attorney and Photographs etc within 120 days from the date of letter giving offer of possession to the allottee.

(c) In case of non-taking over of the DU beyond 120 days from the date of issue of clearance letter of the DU.

Note :- In such cases the refund of deposits will be processed under paras 47 to 50.

 
Deferment

53. Deferment of booking / allotment of a dwelling unit is not permissible under the rules.

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