Ongoing Delay In Possession Of The House – Do These Things Right Away To Sort It Out!
Delaying in the possession of the property is like a nightmare for the buyers. Though no one wants to face this kind of situation but what to do if this actually becomes true? Being a common scenario these days, the two possible reasons of possession delay are – Pending approval from the municipal corporation or any kind of dispute. The developer is facing financial issues and the bank has also refused to fund the project further. These two major reasons not only cause direct loss of money to the buyer but also make the person feel frustrated and depressed. Though this kind of situation causes major strain on finances, it never means that everything is lost. A lot many things can be done to correct the things if you are facing the losses related to property delay. Ask for the compensation – If the builder is constantly delaying in giving you the possession of the property, you are entitled to ask the builder for the compensation. This can only be done by ensur...