A buyer's demand for the refund of amounts paid towards a commercial unit, with interest, once the booking or allotment has been cancelled and the Builder has not paid the refund.
Date: 2 April 2026
TO:
M/s Crestline Developers Private Limited, through its Director, an individual
X
And also at: Site Office, Crestline Business Square, Sector 88, S.A.S. Nagar (Mohali) 140308
Email: X
FROM:
Meridian Retail Ventures Private Limited, an individual
X
And Vikram Anand, joint Buyer, of X
SUBJECT: Refund of the amount paid towards the Unit described below, following cancellation of the booking/allotment, together with interest, and demand for payment within 30 days of receipt of this notice.
Dear Sir / Madam,
1.1 Meridian Retail Ventures Private Limited ("the Buyer"), together with Vikram Anand ("the Joint Buyer"), booked the commercial unit described in Clause 2 ("the Unit") with M/s Crestline Developers Private Limited, through its Director ("the Builder"), the promoter and developer of the project in which the Unit is situated, under Booking Application No. BA-2291 dated 14 March 2024, confirmed by Allotment Letter No. AL-0876 dated 2 June 2024.
1.2 The Unit was booked under an Agreement for Sale executed between the Buyer and the Builder and duly registered, dated 1 April 2026, registered with the Sub-Registrar, S.A.S. Nagar at Document No. 4381 on 3 September 2023 ("the Agreement"), in respect of the project known as Crestline Business Square, Phase-I.
2.1 The Unit is a shop-cum-office (SCO) unit, more particularly described as follows: SCO No. 27, First Floor, Crestline Business Square, Phase-I, admeasuring 1,200 sq. ft. super area, situated in Sector 88, S.A.S. Nagar (Mohali), situated in the State of Punjab.
3.1 The Buyer and the Builder have mutually agreed to cancel the booking/allotment of the Unit, and the Builder is accordingly liable to refund the amount paid towards it.
3.2 Confirmed by the Builder's own letter dated 12 August 2026, acknowledging the cancellation and the Buyer's entitlement to a refund of the amount paid.
4.1 The total amount paid by the Buyer to the Builder towards the Unit, as on the date of this notice, is ₹42,00,000 (Rupees Forty Two Lakh only), made up as follows: Booking amount of Rs. 5,00,000 paid on 14 March 2024 (Receipt No. BA-2291); first instalment of Rs. 15,00,000 paid on 20 June 2024 (UTR HDFC240620991); second instalment of Rs. 22,00,000 paid on 5 December 2024 (UTR HDFC241205442).