Refund Initiated
Cancellation ID: CAN-2026-0015
Booking Details
Booking ID
BK-2026-0312
Customer Name
Mehul Joshi
Project
Navratna Gulmohar Park
Unit
B-604
Booking Date
15 Jan 2026
Total Booking Value
₹58,00,000
Total Amount Paid
₹23,20,000
Outstanding Balance
₹34,80,000
Cancellation Details
Cancellation ID
CAN-2026-0015
Request Date
08 Mar 2026
Cancellation Reason
Better Deal Elsewhere
Requested By
Customer
Detailed Reason
Customer has found a more affordable property in Ahmedabad closer to their workplace. They have requested cancellation under RERA provisions citing personal financial restructuring. All communication documented via email dated 05-Mar-2026.
Document Verified
After Registration of Agreement for Sale
1. Request Letter along with original Agreement for Sale, payment receipts, TDS Payment challans if TDS is deducted and all original papers received from developer.
2. NOC, No due, Loan Closer letter is required from Loan provider Bank/institution in the case of exit client has obtained Loan.
3. If Booking Amount is insufficient to recover expenses of GST, Legal expenses, registration fee and stamp duty of Cancellation of Agreement for Sale in that case such expenses shall be additionally paid by exit client.
4. Promoter to refund Booking amount after deduction of GST, Legal expenses, registration fee and stamp duty.
Refund Status
Refund Mode
NEFT
Bank Account Name
Mehul Jayantilal Joshi
Account Number
918200345XXXXX
IFSC Code
SBIN0005612
Expected Refund Date
08 Apr 2026
Actual Refund Date
Pending
UTR / Reference Number
Awaiting processing
Refund Status
Initiated - Awaiting Transfer
Approval Trail
08 Mar 2026, 10:30 AM
Request Submitted - Cancellation request initiated by Mehul Joshi for Booking BK-2026-0312. Reason: Better Deal Elsewhere.
09 Mar 2026, 11:15 AM
Under Review - Assigned to Sureshbhai Shah (GM Sales) for review. Financial settlement calculation verified.
11 Mar 2026, 3:45 PM
Approved - Cancellation approved by Sureshbhai Shah. Cancellation charges of ₹5,80,000 + GST confirmed as per RERA norms.
12 Mar 2026, 10:00 AM
Refund Initiated - Refund of ₹16,35,600 initiated via NEFT to customer's SBI account. Expected processing by 08 Apr 2026.
Pending
Refund Completed - Awaiting bank confirmation and UTR number.
Unit B-604, Navratna Gulmohar Park will be released back to Available inventory upon cancellation completion and refund confirmation. Current unit status: Cancellation In Progress.