Is it safe to pay ₹7-8 lakh as token money for a flat in Ghaziabad?
I am planning to purchase a society flat in Ghaziabad. All property documents have been verified, but the seller is asking for ₹7-8 lakhs as token money. Is it safe to pay such a large amount as token money?
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Advocate By LEAD INDIA
Answered: 22 Feb 2025
It is advisable to be cautious about paying large sums as token money. Ensure that the agreement clearly states the terms, and consider legal advice before making such a payment. It is always better to get a formal written agreement from the seller. For further legal assistance contact us on our helpline number.
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