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The County Sector 88A Gurgaon EOI page explains what an Expression of Interest is, why developers use them, and what it does - and doesn't - commit you to.
An Expression of Interest, commonly abbreviated as EOI, is a preliminary step - sometimes involving a smaller, refundable token payment, sometimes just a documented registration of intent - through which a prospective buyer signals serious interest in a specific project or unit, such as County Sector 88A Gurgaon, generally ahead of formal booking. It's most commonly used during pre-launch or early sales phases of a project, when a developer is still gauging demand and hasn't finalized pricing for every unit or tower.
From a developer's perspective, EOIs serve a few practical purposes: they help gauge genuine buyer demand before finalizing inventory allocation and construction phasing, they give the sales team a prioritized list of serious prospects to engage with as pricing and launch details are finalized, and in some cases they're used to determine early-bird or pre-launch pricing tiers for buyers who register interest before general availability opens.
If an EOI does involve any payment, it's worth being aware of Section 13(1) of the RERA Act, 2016, which prohibits a promoter from accepting more than 10% of a property's total cost as an advance or application fee before a written, registered agreement for sale has been executed. This is a statutory protection that applies regardless of how the payment is labelled - EOI, token amount, or booking amount - so it's a useful reference point when reviewing what you're being asked to pay at this early stage.
Generally, an EOI is not binding in the same way a signed sale agreement is - it's typically treated as an indication of intent rather than a firm contractual commitment on either side. That said, the exact terms, including whether any accompanying payment is refundable and under what conditions, vary by developer and by project. We'd recommend reading the specific EOI terms carefully and confirming refundability directly with the sales team before submitting one, rather than assuming a standard industry practice applies uniformly.
What happens after an EOI, once you're ready to book.
The formal, later step of registering your sale deed.
Worth reading early if you'll need financing before booking.
No - an EOI is generally a lighter, earlier step signalling serious interest, while booking is the formal reservation of a specific unit, usually involving a larger payment and an allotment letter.
Refund terms vary by developer and should be checked in the specific EOI documentation - we'd recommend confirming this directly with the sales team before submitting an EOI.
Under RERA Section 13(1), a promoter cannot accept more than 10% of the property's cost as an advance or application fee - whatever it's called - before a registered agreement for sale is signed.
Not necessarily - it signals interest and may help with prioritization, but unit allocation ultimately depends on availability and the developer's specific process at the time.
During pre-launch or early sales phases, an EOI can help you get prioritized access or early-bird pricing consideration before general availability opens - though this varies by project.
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