Letter to Builders from a Client for Refund of Booking Money

A customer may change his mind on purchasing the flat from a builder even after depositing the advance booking amount for the flat.

This may happen when the customer's application for a home loan for the flat has been rejected by the bank, or if he is unable to arrange the money for the flat from any other sources, or if he finds that the builder is not trustworthy and maybe a fraudulent firm, or if he decides to buy the flat somewhere else, etc.

It is not easy to get a refund on a flat booking amount. You should try to apply for a refund with the timeline allowed and within the terms/conditions agreed with the builder under a written arrangement.

TEMPLATE

Date: __________

To

(Name of the Builder)

(Office Address)

Tel. _________

Sub.: Refund of flat booking amount.

Dear Sir,

I had booked a 2bhk/3bhk flat under your ________ project at (Location). I had given an advance money of (Amount) by cheque on (Date). The same has been encashed by you.

The booking was done under my/ my wife's name "______________". I am enclosing herewith a copy of the booking receipt for your information.

I regret to inform you that I will not be able to purchase the flat from you as I am unable to arrange the rest of the money for it. My home loan applications have been rejected by the banks. I do not have enough savings to pay the whole amount.

I kindly request you to refund the booking amount by a cheque made out to "(Name of the Customer)". In case any further information is required, please feel free to contact me at mobile: _________, email: __________.

Thank you for your understanding and cooperation.

Sincerely,

    (Signature)

(Name of the Customer)

Enclosure: Booking receipt copy.