Introduction
The delayed possession in particular refers to circumstances where the buyer of a unit whose construction has not started yet or is very slow, does not receive possession of their unit by the Builder on the agreed-upon date; that has been agreed to by both the parties i.e., Buyer and the Builder, and the same agreement has been documented in the Builder-Buyer Agreement. This situation often leads to numerous concerns and questions such as What to do if a builder delays the project?
Identifying the Issue of Delayed Possession
The situation of delayed possession particularly arises when a buyer who has booked a unit in a particular project of a builder does not receive possession of their unit as per the consented date of possession. Such delay in possession of flats leads to indefinite waiting periods for buyers, often placing them in difficult circumstances. Further, after the expiry of the said possession date, buyers may experience great distress as their expectations and the agreed-upon promises are not fulfilled.
Impact of Delayed Possession
The impact of delayed possession can cause various kinds of stress to the buyer such as emotional and financial stress. The buyer invests their hard-earned money to buy a unit; however, if the buyer does not receive the possession of their unit, it causes great financial stress on the buyer. This financial stress is further compounded when they are Facing Delays in Property Possession and have to incur additional expenses while waiting. Over time, the same financial stress leads to emotional strain and tension amongst buyers.
Facing Problems?
- Stuck between the shattered remnants of unfulfilled claims of a non-responding builder.
- Going through financial trouble while you wait for the possession of your unit and have to even bear rent or other housing expenses caused by the delay in possession of flats.
- Great deal of worry and anxiety as conclusion or promises are not being fulfilled in accordance with the anticipated delivery of possession of the unit.
- Being unable to successfully negotiate the legal nuances of delayed possessions.
- Unsure about What to do if a builder delays the project?
What do we offer?
- Our experienced legal experts will analyse your case, evaluate your rights and offer concise advice on all legal matters.
- Our aim is to minimise disputes and reach a mutually agreeable resolution through efficient mediation.
- Our team will assist in preparing and analysing all pertinent paperwork, such as contracts, agreements and communications with the Builder.
- We will ensure that the paperwork appropriately reflects the agreed-upon terms and conditions and safeguard your interests.
- We provide support in resolving Compensation Claims for Delayed Possession, guiding you through the process to ensure you are compensated fairly for any monetary damages or inconveniences caused.
Our Solution
The relevance and validity of your contract’s delay penalty clause will be evaluated by our team of experienced specialists. We will negotiate on your behalf to obtain fair delay compensation for the monetary damages and inconveniences that have been endured by you. Our specialists also address Compensation Claims for Delayed Possession to ensure that your financial losses are recouped effectively.
- We empower homeowners by ensuring that their rights are upheld, their voices are heard, and their aspirations are fulfilled. Whether you are Facing Delays in Property Possession or navigating the complexities of builder contracts, we ensure that your best interests are protected.
- We strive to materialise the delayed possessions that formerly seemed far-off and unachievable. Further, we strive to get you your desired relief in such circumstances that are delayed possession with Delay Compensation or Delayed possession with Delay Penalty.
- With Legivista at your side, you can realise your vision of a place that you will be happy to call home. Legivista offers you suitable legal assistance when securing possession from the builder seems like an upside battle.
How Can We Assist You
1
Step 1