Planning to cancel your flat booking? Here’s how much real estate developers can deduct, MahaRERA clarifies
The Maharashtra Real Estate Regulatory Authority (MahaRERA) clarified that developers can set cancellation deductions differing from its model allotment letter, provided these terms are disclosed in the project's deviation sheet. However, deductions cannot exceed the disclosed amount. This clarification follows a dispute over cancellation terms after a booking was made on December 25, 2025, and a request was submitted on January 15, 2026.