Nov 21, 2019

What can you do if your property possession has been delayed?

A new home or apartment or flat brings a bundle of joy. It is dream come true for most families. However, that can soon turn into a never ending despair if the property is not handed over in the promised time. As a customer most of us often find us at a loss as to what steps to take to ensure that the property possession happens within a stipulated time and is not further delayed. Even though you might feel like you are about to enter a really ugly legal battle with the real estate developer, fact is that the situation is not so glum and desperate as it seems.
Here is a list of the things that you need to do immediately if your property possession is being delayed by the real estate developer.

Claim for compensation: This is absolutely within your rights if the developer is taking more time than promised to complete construction and delaying the delivery of the property. You can ask for compensation and as the buyer of the property you have the legal right to do so. However, it is always advisable to include the compensation clause in the agreement at the beginning so as not to create any undue harassment.

Seek legal counsel: Remember that the law protects the customer and you being the customer have right to taking legal course of action against the real estate developer for the delay in the delivery. It is best to get legal counsel first from a reputable and experienced lawyer dealing with property matters.

Demand refund of your spending due to delay in getting possession: You will probably be staying at a different rented place for the duration till you are getting the flat handed over to you. so, you have every right to demand that the real estate developer pays the rent amount that you have to spend due to non-fulfilment of his promises.

Check out local laws governing real estate properties buy and sale: There might be clauses of completing the project within a stipulated time as promised. If that is the case, you can easily go to the court of law against the action of the real estate developer.

However, before you take any step, it is important that you clarify the situation with the real estate developer. If you check out some of the major residential properties in Kolkata you might see that the real estate developer has helped the owners in lessening the losses and have cooperated and delivered the project at the earliest possible time. In the mean time, if you are stuck in such a situation, check out the 2 bhk apartments in Mankundu developed by Primarc.

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