cookie

whether one has spent that money somewhere else or Lost any opportunity That is secondary thing.
Practically "Bayana" is not refundable. That everyone knows Buyer,Seller and Broker.
Its broker duty to convey this thing to Buyer. That's why we make deal through brokers. May Be broker would be getting some commission out of that "Bayana".
Once you give the "Bayana", its totally upto the discretion of the seller whether to return it or not. Buyer has no ground to ask for.


I have been in this situation, Buyer had given me 10,000 as token amount and there was nothing in writing all on insisting of the Buyer . This was done through a broker only. Later on buyer backed out and was asking for the "Token" amount back.
If he was a man, He would have never asked the "token" amount back.
Broker straight away told him that "token" amount is not refunded. If broker is party with the buyer, things are different. so choose broker wisely too.
why the hell we go for broker then?

__________________
Thanks

MANOJa

What Cookie & prakashjh24b is the norm . If u feel otherwise, that is really up you . U may pay him/them some money for defrauding u .

matrix_55

Hi Samir,

If you deem it ok, just curious about what exactly is the property in question? You may PM me or just give project name and unit/plot size.

Thanks,
Generic info is not same as selling so IREF would be okay.

MANOJa

matrix_55 Bhai, love ( your posts ) your attitude of explaining things in detail , but just realized, i have been missing to hit the thanks button .

I hope, u realize that these buttons r immaterial .


.............& thanks for all what u have been posting .


Guys like u r an asset to the forum .

AnkurPune

Lesson: we should make it very clear at the time of payment of bayana that deal has to go through or bayana is non refundable. Additionally taking a reasonable bayana e.g. 50 K may be better as for a sum of 5 lakh you will be sure that the buyer will fight with all means available.

cookie

Agree

I follow the same after that incident.

Me as a buyer have made deal by paying just 1rs coin as "token" amount. hehehehhe
Broker was surprised and his buddies were making fun of him saying that some someone fooled him.......

matrix_55

Thanks for your kind words Manoj Sir. This is a wonderful community of IREF - with its diverse views and opinions helps me understand the RE world better everyday.


PS: I do wish someday we get a chance to continue that single malt discussion.. we would need a seperate thread, belief, rusheel, bless u and all single malt lovers on IREF for that.

Thor_samir

Cookie bhai, the bayana was 1 lakh and later he paid another 4 lakhs to complete the deal.
The broker is not being much of a help either


The property in question is a plot in Ghaziabad.


Yup, that is indeed the lesson to be learnt. Thanks.

MANOJa

Let's plan it out . Hope to meet such wonderful brains someday & gain from them .

Thor_samir

Wah Cookie bhai, 1rs "token" amount? Badhiya hai!