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Need urgent advice: booking logged but cheque not deposited

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Need urgent advice: booking logged but cheque not deposited

Last updated: July 17 2011
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  • Need urgent advice: booking logged but cheque not deposited

    Friends
    I have recently submitted the booking application form in a project on dwarka expressway along with booking amount cheque. However after several weeks also the builder has not depoisted the cheque.

    When I contacted them they told me that the person who previously canceled the booking has not encashed his refund cheque, and until then the bank is withholding from processing my cheque.

    Although it sounds like a 'good control' by the bank, at the same time - I am a bit anxious - should I go investigate anything/take any precautions?

    Appreciate advice from the experienced members.
    Thanks
    Vikram
  • #2

    #2

    Re : Need urgent advice: booking logged but cheque not deposited

    You can't do much till builder accepts your check. Even if not this, he can not accept your check for number of reasons so I don't think that there is anything to check.

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    • #3

      #3

      Re : Need urgent advice: booking logged but cheque not deposited

      djvjain, thanks. I suppose you're right. The only hitch is that until he accepts, I am 'on hold' and not looking at other projects!

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      • #4

        #4

        Re : Need urgent advice: booking logged but cheque not deposited

        You can also cancel that check and relax. If the builder have a cleared unit, he will call you asap and then you can go ahead and give him a new check.

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        • #5

          #5

          Re : Need urgent advice: booking logged but cheque not deposited

          So unfortunately the builder finally told me the full story. They had a cancellation which they booked to me. But that customer did not encash his cheque and did not finally cancel. After keeping me hanging for 4 weeks the builder told me they could not give me the booking.

          In the meantime I have taken out my investments, some PF etc for second instalment alraedy and wasted 1 month. :-((

          The builder is Raheja and the project is Vedaanta.

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