What’s the Cancellation Policy if I Change My Mind?

Changing your mind after booking a flat can happen. Sometimes the loan does not work out. Sometimes the family is not fully sure. Sometimes another project looks better. So it is normal for buyers to ask about the cancellation policy before booking at Prestige Golden Grove.

The simple answer is this. If you cancel after booking, you may not get the full amount back. The refund depends on the stage of booking and the terms written in the booking form or agreement.

Prestige Group’s general cancellation rule says that if a buyer cancels before the sale agreement is generated, 2% of the sale value may be deducted. If the agreement is already generated, 10% of the sale value may be deducted.

So yes, cancellation is possible. But it can become costly if you wait too long.

Do Not Treat Booking as Just a Token

Many buyers think the booking amount is only to block the unit. They feel they can cancel later if they change their mind.

But in real estate, booking is not that casual.

Once you pay the amount, the builder blocks that apartment for you. The unit may be removed from open availability. The sales team may start agreement work. Your details may also go into the project records.

So before booking Prestige Golden Grove, be sure about the basics.

Do you like the location?

Is the budget comfortable?

Is your loan possible?

Is the family okay with the decision?

Are you ready to wait till possession?

If these answers are not clear, wait for one more day. It is better than losing money later.

Cancellation Before Agreement

If you cancel before the agreement is generated, the deduction may be lower. As per Prestige’s general rule, this can be 2% of the sale value.

This may sound small, but it is not small in actual amount.

For example, if the apartment value is ₹1.50 crore, 2% means ₹3 lakh. That is a big amount for any buyer.

So even before agreement, do not book just because the sales person says the price will increase or the unit will go.

If the project is right, book it. If you are confused, do not rush.

Cancellation After Agreement

After the agreement stage, the deduction can be much higher. Prestige’s general rule mentions 10% of the sale value after the agreement is generated.

This is where buyers need to be very careful.

For a ₹1.50 crore apartment, 10% means ₹15 lakh. That is not a small loss.

So before the agreement stage, check everything properly. Read the payment plan. Check the possession timeline. Speak to your bank. Discuss with family. Once the agreement is done, cancellation becomes more serious.

What About GST?

GST can be another issue.

If GST is already paid to the government, the refund may not be simple. Some tax amounts may not come back in the same way as the booking amount.

So ask the Prestige team clearly before booking:

“If I cancel, will GST be refunded or not?”

Do not assume it will come back fully. Get a written answer.

Always Read the Booking Form

The booking form is more important than the sales talk.

Whatever is written there will matter later. So read the cancellation clause before signing. If you do not understand any line, ask the sales or CRM team to explain it.

Check these points in the form:

How much will be deducted?

Is deduction on booking amount or sale value?

What happens after agreement?

How long will refund take?

Will GST be refunded?

Are there any admin charges?

Do not feel shy to ask. You are buying a high-value property.

If You Want to Cancel, Send an Email

If you decide to cancel, do not handle it only on phone. Send an email to the builder’s CRM team.

Mention your name, project name, flat number, booking date and reason for cancellation. Ask them to confirm the deduction and refund amount.

Also ask for the refund timeline.

Keep all emails, receipts and payment proofs safely. These things help if there is any delay or confusion.

When Should You Avoid Booking?

Do not book Prestige Golden Grove if your decision is still half-ready.

Avoid booking if:

your loan is not clear

your family is not sure

you are still comparing projects

you are not okay with the 2031 possession timeline

you have not checked the full cost sheet

you are only booking because of pressure

There will always be some sales pressure in real estate. But the final decision is yours.

When Is It Fine to Book?

It is fine to book if you are clear about the project, price, location and waiting period.

Prestige Golden Grove is a long-term project in Velimela. It is suitable for buyers who are okay to wait and who are looking at future growth in West Hyderabad.

If your budget is ready and you have checked the RERA, payment plan and cancellation terms, then booking becomes safer.

Final Words

If you change your mind after booking Prestige Golden Grove, cancellation is possible. But it may come with deduction.

Before agreement, Prestige’s general rule mentions 2% of the sale value as deduction. After agreement, the deduction can go up to 10% of the sale value.

So do not book in a hurry. Read the booking form, check the full cost sheet, confirm loan comfort and ask about GST refund before paying.

A good project is important. But a clear decision is more important.