HomeProperty LawUnder-Construction Flats and Real Estate Regulation: Buyer Remedies for Delayed Possession

Under-Construction Flats and Real Estate Regulation: Buyer Remedies for Delayed Possession

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Under-construction flat kharidte waqt sab kuch brochure jaisa perfect lagta hai. Problem tab shuru hoti hai jab possession delay, layout change, ya promised amenities disappear ho jayein. Isliye naye real estate regulation frameworks (jaise RERA-type laws) buyers ko strong rights dete hain.

Key protections typically:

  • Promoter ko project register karna,
  • Funds ka certain percentage dedicated project bank account me rakhna (taaki misuse na ho),
  • Clear agreement with possession date, grace period, penalty clauses,
  • Regular progress updates aur approved plans ka disclosure,
  • Delay hone par refund + interest ya continued wait ke sath compensation ka option.

Aggrieved buyers regulatory authority/tribunal me complaint file kar sakte hain instead of only civil suits. Collective complaints bhi powerful tool hote hain.

Signing se pehle:

  • Builder ki past track record check karo,
  • Approvals, registration number, and sanctioned layouts verify karo,
  • “Verbally bola hai” pe trust mat karo; sab agreement me likhwao.

Delays completely vanish nahi hue, lekin regulation ne atleast playing field thoda less unfair bana diya hai.

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