Building home takes too much effort, managing the builders, finding the right plot and choosing the materials all takes time and arranging these is troublesome for all. Though this is a hassle, many think that building home is better than buying an apartment. Do you know what the common answer of most of the homeowners is? The answer is they don’t want to face the builders’ hassle. To keep you safe from such hazards, here are some effective steps that you can take to handle these situations. Hence, do not cancel your plan of having the lavish apartment in the tallest tower of the city, keep these below-mentioned points in your mind:
Seek compensation: The agreement clause plays a great role to avoid such future hassles. Therefore, no matter how much excited you are, do follow the mentioned clauses to utilize these. If your agreement statement includes the compensation clause, you are safe! Yes! Now you can file a compensation notice against the builder and enquire the actual reason for delaying.
Take legal steps: As you are buying an apartment, you are a consumer and you can use the Consumer Protection Act, 1986. You can register your complaint about the builder for delaying in handing over your property. And if your builder fails to prove his condition, then legal procedures will be followed to give back your property and the builder may have to pay compensation to the court as well. You can take the step to claim your losses and manage even one-day delays in completing your project.
Follow the Real Estate Regulation and Development Bill: To manage any kind of real estate issue, this bill is the best suitable option. The act has different rules to tackle different situations. From managing builders’ delaying to solve payment related issue, you can follow the action and its guidelines to solve your matter.
Agreement cancellation: If your possession is not delivered on time, you can cancel the agreement. And after receiving the notice, the builder has to refund the money that you have given for the apartment.
These are some effective ways that you can try when you are facing delay in getting your apartment. Try to communicate with the builder. If communication cannot solve the matter, go for the mentioned steps to own your possession.
Read more about House Construction blog India.