Booking Process and Cancellation Terms for Godrej MSR City
Investing in residential property involves careful planning and a clear understanding of the purchase process. Godrej MSR City , located in Shettigere, Bangalore, is one of the most anticipated township developments in North Bangalore, backed by the trusted brand of Godrej Properties. With growing interest in the project, potential homebuyers often seek clarity on the booking steps and cancellation terms.
Let's explore a detailed overview of the booking process for apartments in Godrej MSR City and outlines the standard cancellation policy followed by the developer.
Step-by-Step Booking Process for Godrej MSR City
The booking procedure at Godrej MSR City has been designed to be smooth and transparent. Here’s a breakdown of the process:
Initial Inquiry and Project Presentation
Interested buyers can visit the official sales office or website to gather detailed information about available unit types, floor plans, pricing, amenities, and payment options. A dedicated sales representative provides personalized guidance based on preferences and budget.
Unit Selection
Customers can select from an expansive range of apartment configurations, including 2 BHK and 3 BHK options. Each unit comes with a clear layout plan, pricing structure, and carpet area details. After finalizing the unit, buyers are advised to verify availability.
Token Amount and Application Form
To reserve a selected unit, buyers must pay a booking amount, usually ranging from ₹50,000 to ₹1,00,000, depending on the unit type. This amount is collected along with a duly filled application form containing buyer details, chosen unit number, and payment preference.
Allotment Letter Issuance
After the booking amount is received, an Allotment Letter is issued to the buyer. This letter contains confirmation of the unit, pricing, payment schedule, and project timelines. It serves as a formal acknowledgment of the booking.
Agreement to Sale
Within 15 to 30 days of receiving the Allotment Letter, the buyer is required to sign the Agreement to Sale. This document outlines all terms and conditions, construction timelines, payment milestones, and cancellation policies. Stamp duty, GST, and registration charges are applicable at this stage, as per Karnataka state norms.
Cancellation Terms and Conditions
While the Godrej MSR City project has seen strong demand, the developer also provides a standard cancellation policy for buyers who may need to withdraw for valid reasons.
Key points include:
Cancellation before Agreement to Sale:
If cancellation is requested before the Agreement to Sale is signed, the booking amount is generally refunded after deducting a nominal administrative fee (typically between ₹10,000 to ₹25,000).
Cancellation after Agreement to Sale:
Once the Agreement to Sale is executed, a fixed percentage (usually 1% to 2% of the total sale value) may be deducted as a cancellation charge. The balance amount, if paid, is refunded as per the timeline mentioned in the agreement.
Refund Timeline:
Refunds are usually processed within 60 to 90 working days from the cancellation request date, subject to the submission of original documents.
Force Majeure or Project Delays:
In rare cases where project timelines are impacted due to legal or regulatory issues, cancellation terms may be revised based on updated RERA guidelines.
All cancellation requests has to be submitted in writing to the sales team or through the official customer support channels of Godrej Properties.
The booking and cancellation process at Godrej MSR City, located in Shettigere, Bangalore, is designed to be customer-friendly and transparent. By following structured steps and industry-standard terms, the project ensures that buyers feel secure and well-informed during their home purchase journey. As one of the key developments in North Bangalore, Godrej MSR City continues to attract attention for its planning, brand credibility, and long-term value.
