The applicant shall be entitled to a 100% refund of the application money in case of non-allotment of unit in the draw.
The unsuccessful applicants can apply for a refund after the draw has been conducted i.e. after 25th October 2019.
The applicant will have to log in to the respective applicant panel on www.lokawas.com and navigate to successful applications tab
The status of the applications will be visible on the panel and the applicant shall click on the Refund button displayed in front of the applicant’s unallotted applications.
The applicant shall then fill in the correct details of refund on the displayed form.
The refund application shall be processed within 90 days from the date of receiving the refund application.
On the initiation of the refund proceedings by the Applicant from the Company, the applicant simultaneously surrenders his rights to initiate any judicial, quasi- judicial proceedings against the Company in any manner whatsoever.
In case of a successful allotment in draw of lots, the applicant shall make the future payments in accordance with the payment plans adopted by the applicant.
In case of non payment of first installment of 25% within 15 days of draw, the application money shall stand forfeited.
The company shall hold no liability for any loss incurred by the applicant in case of forfeiture of Application Money without the default of the Company.