Anusharana63
Marked 2 years 8 months ago onto Bookmarks
Source: https://www.honestbroker.in/blogs/what-is-bayana-and-its-legal-provisions
First of all, Bayana is the advance money that is paid from the buyer's side in a favor of buying a property. And it is a completely legal document that will also mention in our Constitution Indian contract act 1872. And the myth about Bayana is "It is refundable?" so the answer to this question is it depends on the situation.
Case 1:- if the deal is canceled from the seller's side then it will be refunded
Case 2:- if the deal is broken from the buyer's side then it will not be refunded.
You can read the full article in-depth on HonestBroker.
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