What are the cancellation and refund policies for Brigade Granada pre-launch bookings?

Published On: 3 August 2026

The cancellation and refund policies for Brigade Granada pre-launch bookings offer a 100% full refund of your Expression of Interest (EOI) token money if you cancel before the official October 1, 2026, unit allotment begins. Still, the company will charge a standard forfeiture fee if you back out after a specific apartment is assigned and the formal sale agreement is created. Spanning 20 beautiful acres on the well-connected Whitefield–Hoskote Road in East Bangalore, this modern Spanish-themed residential township by Brigade Group gives early buyers excellent choices ahead of its official January 31, 2031, possession date.

Because this project is in its early pre-launch stage and is waiting for final Karnataka RERA approvals in late 2026, knowing these deposit rules protects your savings from unexpected fee deductions or non-refundable government tax charges.

Key Pre-Launch Booking Specifications

Apartment Type	Total Floor Area	Starting Price	EOI Token Deposit
1 BHK Home	799 Sq. Ft.	₹96.5 Lakhs Onwards	₹2,00,000 (Fully refundable before allotment)
2 BHK Home	1,200 to 1,400 Sq. Ft.	₹1.45 Crores Onwards	₹3,00,000 (Fully refundable before allotment)
3 BHK Home	1,600 to 1,950 Sq. Ft.	₹2.12 Crores Onwards	₹5,00,000 (Fully refundable before allotment)
4 BHK Home	2,200 to 2,800 Sq. Ft.	₹3.15 Crores Onwards	₹8,00,000 (Fully refundable before allotment)

Understanding the Expression of Interest (EOI) Refund Window

The pre-launch EOI booking window for Brigade Granada starts on October 1, 2026. This window allows you to pick a flat before the official public launch on October 15, 2026. During this two-week time frame, your money is completely safe. The builder views this deposit as a show of interest rather than a final sale. The exact token amount changes based on the size of the flat you want, ranging from ₹2 Lakhs to ₹8 Lakhs.

If you change your mind and cancel before the builder assigns your specific flat number, you get every rupee back. Brigade Group will return your money or cancel your cheque within 15 to 30 working days. They do not charge any penalty fees during this early stage.

Cancellation Clauses After Unit Allotment and Sale Agreement

The refund terms change completely once you accept a specific flat and sign the formal Agreement to Sell document. At this step, your booking becomes a binding legal contract. This contract follows strict local housing laws and the builder's own corporate rules. Brigade Granada uses a 20:20:60 payment plan, which means you must pay 20% of the total price to lock in your booking.

If you decide to cancel the deal after signing this contract, you will lose some money. Builders in Bangalore usually keep your initial deposit or take 1% to 10% of the total flat cost as a penalty. Also, any government GST money you paid during the booking is gone forever. The tax department does not allow refunds on these service taxes.

Impact of RERA Regulations on Your Refund Rights

The Real Estate Law, known as RERA, protects home buyers while this project finishes its final government registration. Since the RERA license is currently being processed, your rights depend on the rules set by the Karnataka RERA board. Under Section 18 of the RERA law, you have the absolute right to pull out of the project if the builder faces long delays. You can demand all your money back with the monthly interest.

For Brigade Granada, the building work must finish by January 28, 2031. The final date to hand over the keys is January 31, 2031. If the builder delays the project past these dates without an approved reason, you can cancel without any penalties. The law forces the builder to return your entire payment plus interest without deducting any office fees.

Step-by-Step Process to Initiate a Booking Cancellation

To cancel your pre-launch booking at this Whitefield–Hoskote Road property, you must send a formal written letter to the office. Just talking to your sales agent or broker will not stop your payment dates or start your refund. You must follow these exact steps to get your money back:

Write an Official Request: Send a signed letter or a clear email to the Brigade Group customer care desk. Make sure to list your customer ID, your flat number, and the date you paid.
Share Your Documents: Attach copies of your booking receipts, your flat allotment letter, and a bank statement showing the paid amount. You also need to share a copy of a cancelled cheque.
Sign the Cancellation Paper: If your sale contract was already registered with the government, both you and the builder must sign an official Cancellation Deed. This cancels the property transfer legally.
Wait for the Payout: Keep track of the days while the accounts team checks your file. They will calculate your final refund after cutting office fees, taxes, or broker commissions.

FAQs

1. Is the initial EOI token amount for Brigade Granada fully refundable?

Yes, your initial Expression of Interest (EOI) token deposit is 100% refundable if you cancel before the official flat allotment starts. Once the builder assigns your flat and you sign the booking papers, standard contract penalty fees will apply.

2. What percentage of the property cost do I lose if I cancel after the agreement?

Brigade Group will keep a specific penalty, which can range from your booking deposit up to 10% of the total flat cost. This percentage is written in your Agreement to Sell. Any government GST money paid cannot be refunded.

3. How long does it take for Brigade Group to send my refund money back?

It usually takes between 15 and 45 working days to get the money back into your bank account. The clock starts after you submit all the signed cancellation forms and your bank details to the customer service desk.

4. Can I get a full refund if the banks reject my home loan application?

Big builders like Brigade Group try to help, but a full refund is only guaranteed if you wrote a loan rejection safety clause into your booking form. Without this clause, you will still have to pay the standard cancellation fees.

5. How do building delays affect my right to get a refund for this flat?

If Brigade Granada misses its promised handover date of January 31, 2031, RERA rules allow you to ask for a full refund. The builder must return your money with interest and cannot charge you any cancellation penalties.