WHAT IS THE AMOUNT NEEDED TO BE PAID AT POSSESSION?
The amounts will have to be paid as per the payment schedule mentioned under the state RERA rules and as per the agreement between the developer and the purchaser.
WHAT ARE THE DOCUMENTS I SHOULD COLLECT AT POSSESSION?
Before taking the keys from the developer or an owner, make sure that you have received the original documents and photocopies of all the essential documents from the developer/owner. The important documents one should be obtain are as follows:
- Agreement for Sale
- Encumbrance certificate
- Commencement Certificate
- No Objection Certificate (NOC)
- Completion Certificate
- Occupancy Certificate (OC)
- Khata
- Joint development agreement (if any)
- General Power of attorney (GPA)
- Building plan approvals
- Allotment letter
- Tri partite agreement (if any)
- Letter of No Dues
- Registered deed of conveyance
- Land-use Certificate / Conversion Order
- Details of electricity, water and power backup
- Agreement by maintenance agency
- Car parking allotment letter
- Stamp Duty Receipts
- Payment Receipts
- Possession Intimation Letter
- Possession Letter
CAN I GET A FULL REFUND IF I WISH TO CANCEL DUE TO DELAY IN POSSESSION?
As per RERA, the developer is liable to return the complete amount paid by you with interest and compensation if he fails to deliver the project on the committed timeline and provided that such delay has been caused owing to the developer.
WHAT CHECKS SHOULD BE DONE IN THE HOUSE BEFORE TAKING POSSESSION?
Things to check within the Project/Unit
Amenities:
The amenities ensured at the time of sale should be available.
Lifts and common areas:
The lifts should be working property and ensure that the common areas are well-lit.
Features and fittings:
At the time of possession, you must check the fittings and fixtures provided in your house. These fittings include electrical points, switchboards, bathroom fixtures, door knobs, windows, etc.
Doors and windows:
You should not forget to ensure that the doors and windows are placed as per the plan. All the doors and windows should open and close smoothly. Ensure that there is no rusting on the handles and no creaking side while opening and closing the doors.
Wall Paints:
Both exterior and interior painting should be complete at the time of possession. There should be no visible flaking or patching. You should also check for cracks in the walls especially around electrical sockets.
Look for cracks:
One must carefully look for the cracks in the foundation, ceilings and walls, which essentially indicate movement of the structure caused by settling, soil expansion etc. Check for cracks on the walls, especially along the electrical sockets.
Drainage outlets:
Clogged drains and outlets is a major issue encountered on moving in a home. You should ensure that all drainage outlets in balconies, bathrooms and kitchen are working.
Check for leakages:
It is easier to address the leakages at this stage before you have moved into your house. Hence ensure that there are no leakages in the bathroom, kitchen sink, other taps and faucets.
Check switches and plug-points:
Make sure that all electrical sockets, plugs and bulb holders are connected to the main supply. All switches and plug-points are working. If there is inverter supply, do not forget to check if the supply shifts to the inverter once the main supply is switched off.
Obtain all sets of keys:
You should make sure that you have collected all sets of keys for your house.