Supreme Court limits forfeiture of earnest money in real estate contracts: Godrej Projects vs. Anil Karlekar (2025)

/ B.R. Gavai, Breach of contract, Consumer Protection Law, Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 74, Judges, S.V.N. Bhatti, Unfair Contract, Unfair Trade Practice

LEGAL ISSUE: Whether a real estate developer can forfeit 20% of the basic sale price as earnest money upon cancellation of an apartment booking by the buyer. CASE TYPE: Consumer Law Case Name: Godrej Projects Development Limited vs. Anil Karlekar & Ors. [Judgment Date]: February 3, 2025 Date of the Judgment: February 3, 2025 Citation: […]

Supreme Court limits forfeiture of earnest money in real estate contracts: Godrej Projects vs. Anil Karlekar (2025) Read Post »