Falco Developers – they have not explained me the cancellation clause

Please ignore the brand name selected by me it is only Falco Developers not Triveni but the system was asking me to select one…… I booked a Flat in Ambivali with Falco Developers and it was a pre booking flat (Booking date: November 2012), when i booked the flat i have been informed that the registration will be done for the property within 2 month and till today no registration is done..and today i am Jobless and i called them to cancel the flat booking because i have no money to pay and i cannot afford anything..They said that there will be a deduction of 7.5%, i Told them i cannot afford a single deduction bcoz whatever amount i had given was on loan and i am paying the loan emi of 12,500 everymonth…they said that there will be a deduction for sure…so i just asked them what amt they will deduct as i have given them Rs. 401000…they said that they will deduct Rs. 250000, I asked them that 7.5% on Rs. 401000 is approx Rs. 20000 they said that they are charging me on the total agreement cost..i told them that i only got an allotment letter and i have never sign any agreement with them..They said that its into their terms and condition…Please help on this i am jobless staying on rent + emi’s and i want to close all my loans but if u see this deduction, this will force me to do suicide…i have no other Option..Please Help me. Falco Developers Owner Name Rita Patel: 90044447xxx Head Office address: Orion Business Park Thane Ghodbunder Road

I want my full Money back i knw that they will not pay me the interest i paid to the bank for this 14months…they just used my money never ever called my for registration…. I only want my money because i want to close my loan.

Complainant Information
name- Bharat

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