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Is advance refundable

So my friend was planning to sell his land plot by plot and found a prospective buyer.. on a verbal agreement my friend took advance for booking inorder to ensure that the customer doesnt change his buying decision.. but now he is saying he isnt interested in the property and is asking for refund of the advance booking amount. Isnt it legal to hold back the advance money used to book a deal even if it was a verbal agreement.?

submitted by /u/Next-Score-2155
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source https://www.reddit.com/r/RealEstate/comments/1fdcalx/is_advance_refundable/
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