I had done pre-launch payment of a 2 BHK flat apartment in Omkar Signet 2 years ago. The payment done during the process of my meeting with them had been 5.30 lakhs for booking a flat apartment in one of the buildings. I lost Rs. 5.30 lakhs, just because the sales people didn’t caution me that it was non refundable. After 2 years the builder forfeited the amount and refused to refund it to me due to their hidden clauses and rules framed by the RERA.
At initial stages the sales executives try to convince people that it is a very good scheme but when it comes to customer’s money, they refuse to tell the truth whether the money payed is refundable or non-refundable. The related real estate agents and brokers are also responsible for hiding the facts.