While investing in real estate projects, the buyers must be cautious to ensure that the developer is genuine. In case of a delay in the delivery of possession, the buyers have various rights against the builder. Therefore, before executing the real estate contracts and making full/part payments to the developer, the buyers must be diligent. […]
Tag: delayed possession
Saving yourself from fraud while buying or selling a property
It is a bitter fact that there is an occurrence of frauds while buying or selling the property. Misinformation or Ignorance or lack of information on procedures and documentation is the main cause. However, one can easily avoid these complications. Some of such common frauds are:Imperfect Title – For a buyer, it is significant to ensure […]
Does Consumer Has The Right To Damages And Recovery If Possession Is Delayed?
“A brand is no longer what we tell consumers it is, it is what consumers tell each other it is.”Yes, the consumers must have the right to damages if delayed because delay in delivery of possession can cause the buyer losses which may also leads to defamation of the consumer as well as the buyer. […]
Delayed Possession of Property
A person wishing to buy the property invests his hard earned money into the construction project. However, where the seller fails to transfer the possession of property in time, the buyer not only suffers monetary loss but also undergoes mental harassment and is left to the mercy of the seller. He suffers losses on the […]