Cancellation and Refund Policy

The application for allotment is provisional and will only be confirmed upon mutual acceptance by both parties and the signing of a sale agreement within 21 days from the booking date, accompanied by the necessary payments towards the agreement. In the event of failure to comply, Urbanise reserves the right to cancel the transaction at its discretion.

If the buyer decides to cancel or developer is forced to cancel due to default payments from buyers’ side before entering into an agreement, a cancellation fee will apply as detailed below:

1.Before Agreement: Rs. 50,000/-

2.After Agreement: Full booking amount (capped at 10% of the apartment’s cost)

Additionally, the cancellation amount will also include any government levies and taxes (GST) paid by the company, as well as stamp duty charges for the agreements.

Following cancellation as per the above terms, any remaining amount (if Any) will be refunded to the applicant within 90 days, without accruing any interest. The applicant consents to the specified conditions.