What Homebuyers can do | No Possession despite OC | Burden of both EMI & Rent

What Homebuyers can do | No Possession despite OC | Burden of both EMI & Rent

22 May 2023

 

We delve into a concerning issue faced by homebuyers – delayed possession despite the issuance of occupancy certificates. Many buyers find themselves in a frustrating situation where they have paid the full amount for their homes, including EMIs, but are still waiting to move in.

Join us as we shed light on the challenges faced by these buyers and explore the questions raised about the role of authorities and developers in this process. We discuss the purpose of an occupancy certificate and its significance in determining the habitability of a building.

We also delve into the buyer's experience, where developers issue final demand notes immediately after the issuance of occupancy certificates, demanding full payment within a short timeframe. However, completion and finishing work are often cited as reasons for the delay in possession, leaving buyers in a state of uncertainty.

We address the concerns raised by buyers regarding how occupancy certificates are issued when the building's finishing work is yet to be completed. We explain the criteria authorities consider during inspections and clarify the difference between habitability and cosmetic finishing work.

Furthermore, we discuss the responsibility of developers in ensuring timely completion of promised amenities and finishing work. It is important to understand buyers' rights and available remedies in such situations. We provide practical advice on documentation, collective action, and seeking legal assistance to protect buyers' interests.

Join us in raising awareness about this issue and urging authorities and developers to address the concerns of affected buyers. Share your experiences and insights in the comments, and let's work together for a fair and transparent real estate industry. ???? Disclaimer: The information provided in this video is for general knowledge purposes and does not constitute legal or financial advice. For personalized assistance, consult professionals in specific situations.

Similar Videos