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		<title>When a Builder delays in property handover</title>
		<link>https://groups.commonfloor.com/blog/when-a-builder-delays-in-property-handover/</link>
		<comments>https://groups.commonfloor.com/blog/when-a-builder-delays-in-property-handover/#comments</comments>
		<pubDate>Mon, 01 Sep 2014 05:46:26 +0000</pubDate>
		<dc:creator><![CDATA[Nimesh]]></dc:creator>
				<category><![CDATA[Smart Residential Living]]></category>
		<category><![CDATA[Delay in possession of flat]]></category>
		<category><![CDATA[What to do- when a builder delays in property handover]]></category>
		<category><![CDATA[When a Builder delays in property handover]]></category>

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		<description><![CDATA[There’s no denying that buying a house is indeed a hectic job! But the challenge does not end with just finding the perfect house in the perfect location, successfully getting a home loan and booking the place. If the place is not ready within the promised date (which happens in most cases), you have very little choice other than to wait out the indefinite delay (from the builder’s end) to actually possess your ‘dream property’. Today, ‘what one can do when a builder delays handover’ is a raging issue among house-buyers with a number of possible solutions for it. Steps you may take: 1) Read through the Buyer’s Agreement: In the sales agreement initially signed, you will see all the terms, conditions and stipulations, such as time of property handover and compensation if handover is delayed, clearly stated. Check for penalty clauses in the document and ask builders for compensation wherever there has been a deviation. 2) Form a buyers’ association: Another smart way to go about this is to interact with other buyers associated with the same project just like you and form an association with them. A body of people with the same grievance and objective will surely make the impact more powerful. You can form a group using an online platform (like CommonFloor Groups) and discuss updates and collectively decide on measures to take in case of a builder related disappointment. 3) Communication of cancellation: If the scheduled delivery is missed, you should send a letter of complaint to the builder about this delay. If you get no response, follow it with an agreement cancellation notice and demand for a complete refund of amount paid (along with interest on it) and compensation for mental harassment. These letters should be sent by registered post with A/D (acknowledgement due). Remember to specify that they’ll next receive a legal notice. 4) Legal Notice: If both these notices go unanswered, it’ll be time to send a legal notice on consultation with a competent lawyer, clearly stating consequence on failure to deliver property immediately. 5) Take Action: If builder does not respond to the legal notice, you should either file a complaint in the consumer forum or file a lawsuit in the civil court against the concerned builder. Some laws in your favour to deal with this situation i. Real Estate Bill: A developer can charge over 10% of the cost of the build only on signing a written agreement with the buyer. ii.  Sub section 2 of section 17: The buyer must be informed of the date of project completion. iii.  Sub-section 4 of section 17: The buyer is entitled to receive full refund of paid amount if the builder is unable to handover the property within the time mentioned in the agreement. iv. Consumer Protection Act, 1986: The buyer can file a case with the consumer forum for a quick redressal of his grievances. [&#8230;]]]></description>
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