Cancellation Policy
The following Booking Cancellation Policy and Terms & Conditions govern all expressions of interest (EOI), bookings, and transactions made for units, amenities, or memberships related to Kohinoor Eden and Club Olympus, developed and promoted by KGI Realty Private Limited (“Promoter”, “Developer”, “We”, “Our”, “Us”). By submitting a booking, filling out an enquiry form, or making any payment towards a property, the applicant (“Customer”, “Buyer”, or “Allottee”) acknowledges that they have read, understood, and agreed to these terms in full. These terms are subject to and shall be interpreted in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA), rules made thereunder, and the applicable laws of India.
Booking Process
All bookings or expressions of interest shall be treated as provisional until formal acceptance and confirmation by the Developer. The acceptance of a booking is subject to the availability of units, completion of necessary documentation, and compliance with the project’s registration and allotment process. Any communication regarding unit allocation, floor plan, or pricing shall be deemed indicative and not final until the execution of a legally binding “Agreement for Sale” as prescribed under Section 13 of the RERA Act. The Developer reserves the right to cancel or modify a booking if any discrepancy, misrepresentation, or violation of applicable law or policy is detected prior to the signing of the Agreement for Sale.
Payment Terms
All payments must be made through authorized modes only — such as cheque, demand draft, RTGS/NEFT transfer, or other digital modes approved by the Developer. The booking amount, milestone payments, and total consideration shall be as per the payment schedule outlined in the Allotment Letter or the Agreement for Sale. Failure to make payments within the stipulated time may result in automatic cancellation of the booking, forfeiture of the booking amount, and/or imposition of interest or penalties as prescribed under the RERA Act and applicable rules.
Booking Cancellation Policy
Before Execution of Agreement for Sale: If the Customer wishes to cancel the booking before the execution of the Agreement for Sale, the cancellation request must be submitted in writing to the Developer.In such cases, the Developer may, at its discretion, deduct up to 10% of the total booking amount (towards administrative, processing, and marketing costs) and refund the balance within 60 working days from the date of receipt of the written cancellation request.
After Execution of Agreement for Sale: Once the Agreement for Sale is executed and registered, cancellation will be governed strictly by the terms mentioned in that Agreement and applicable RERA provisions.In such cases, refunds, if any, shall be processed only after deduction of applicable cancellation charges, taxes, statutory fees, and other costs incurred by the Developer.
Developer-Initiated Cancellation. The Developer reserves the right to cancel the booking or terminate the allotment in the event of: Non-payment of installments as per the agreed schedule, Submission of false information or invalid documents, or Violation of any terms of booking or the Agreement for Sale. In such cases, the Developer may deduct applicable cancellation or administrative charges and refund the remaining amount, if any, in accordance with RERA guidelines.
Refund Process
All refunds, if applicable, shall be processed through account payee cheque or electronic transfer to the same account from which payment was originally received. The Developer shall not be liable for delays caused due to banking procedures, technical issues, or third-party processing delays. Refunds will be initiated only after verification of supporting documents and confirmation of cancellation from both parties.
Transfer or Change of Allotment
Requests for change of unit, transfer of booking, or assignment to another person are subject to the Developer’s approval and applicable administrative charges. Such requests must be made in writing and will only be processed prior to the execution of the Agreement for Sale, subject to availability and internal approval.
Project Registration and Legal Compliance
The projects are duly registered under Maharashtra Real Estate Regulatory Authority (MahaRERA) as follows: Kohinoor Eden – Registration No. P51700030888, Kohinoor Eden B7 – Registration No. P51700030963. All information regarding the project, plans, approvals, and timelines is available on the official MahaRERA website: www.maharera.maharashtra.gov.in. Buyers are advised to verify all project details independently before making any purchase decision.
Limitations and Liability
The Developer shall not be held responsible for any loss, delay, or damage caused by unforeseen circumstances, force majeure events, or actions of government authorities beyond its control. The Customer agrees that no claim for compensation, penalty, or interest shall be made against the Developer in such situations except as provided under the RERA Act.
Communication and Notices
All official communications, including notices, cancellations, and refund correspondence, must be made in writing and sent to the registered office of the Developer or via official email ID. Electronic communication from the Developer’s authorized domain shall be deemed valid and legally binding.
Legal Jurisdiction
This Policy and all associated transactions shall be governed by and construed in accordance with the laws of India. Any disputes arising from booking, cancellation, or refund shall fall under the exclusive jurisdiction of the courts at Thane, Maharashtra.
Acknowledgment and Acceptance
By submitting a booking form, making a payment, or otherwise engaging in a transaction with KGI Realty Pvt. Ltd., the Customer confirms that they have read, understood, and agreed to the Booking Cancellation Policy and Terms & Conditions stated above. These terms form an integral part of the booking process and shall remain binding throughout the transaction.
Last Updated: October 2025
RERA Registration No. P51700030888, P51700030963 | ANAROCK Property Consultants Pvt. Ltd. MahaRERA Registration No. A51900000108 available at maharera.mahaonline.gov.in. This is not an offer, and / or commitment of any nature and the content hereof is not and should not be construed as an offer / invitation to offer / contract or any intention thereof and / or any disclosure under any statute of any nature whatsoever. All plans, designs, images, renders, specification, dimensions, facilities and other details herein are artistic impression and stock image and purely for illustrative and representational purpose and indicative in nature and the intended recipient should note that these are to be treated as purely provisional and informative and as such only tentative subject to approval from respective authorities. No warranty is expressly or impliedly given that the completed development will comply in any degree with such artist’s impression as depicted. The photographs contained herein are stock / standard photography and may have been taken at a location other than the project site and are used to indicate a conceptual lifestyle. The actual images / views have been enhanced / touched up / airbrushed for visual, illustrative and creative purpose. All specifications of the flats / project shall be as per the final agreement between the parties. Recipients are advised to use their discretion in relying on the information / amenities described / shown herein. The visitor / recipient is aware that the furniture, Fitting, and fixtures displayed in the sample / show flat / show residence at the sales pavilion / brochures are only for the purpose of showcasing the flats and we shall not be liable, required and / or obligated to provide any furniture, fittings, as displayed in the sample / show flat / show residency at the sales pavilion /brochures. The colour shades of walls, tiles, etc., are for representational purposes and will vary in planning and designing and upon actual construction. The render for internal spaces is only to serve as an example of the suggested space management and possible utilization of space. Any party desirous / interested in the project needs to enter into agreement for sales and the development / transaction shall be governed by the terms and conditions of the agreement sales. *T&C apply.
