In recent times, a large number of homebuyers were facing the problem of not getting the possession date of their flats, duplex, or villas within the agreement from several real estate developers, who have avoided mentioning the promised delivery date of the property. In many cases, the delayed possessions are for over four to five years.
As delays in the construction of residential projects have become common across India, most homebuyers take a delay of 6-12 months as granted. Sometimes, possession is delayed even beyond the expected tenure.
Since the inception of the new RERA Act-2016, which directs a real estate company NOT to keep the date of possession clause empty in the registered agreement, to relieve the house buyer from any mental and financial trauma. However, there are some responsible builders in Bhopal, who follows all the guidelines of the regulatory body and delivers all its residential projects within the delivery time.
What to Remember When Buying a New Home?
Become a wise buyer, do proper research and go for the developer who has at least three decades of experience in building residential projects in Bhopal. Also, check if the subjected project is registered under the RERA and if the developer complies with the RERA norms or not. As more people are tech-savvy and following this concept, and ultimately approaching more reliable residential property developers in Bhopal, who have completed and delivered multiple residential projects in Bhopal, with a high number of timely deliveries.
Where to Find the Possession Date in Your House Agreement?
Anyone can check the possession date in the home agreement, which is the date on which the flat/apartment, duplex, or villa possession is to be handed over to the customer. This date should be mentioned within the purchase agreement and is well-defined under the RERA norms and rules. The possession date is also known as the completion date, is often months or years from the date of moving into or executing the housing agreement in favor of the property purchaser.
Agrawal Builders: It is a premium real estate development company in Bhopal with a wide range of residential properties and beautiful amenities like a modern clubhouse, gymnasium, swimming pools, parks, garden, etc.
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Current Projects of Agrawal Builders are Sagar Lake View Homes | Sagar Lifestyle Tower | Sagar Lake View Homes Phase-II