MahaRERA Possession Date Explained | Homebuyer Rights, Grace Period and Project Extension
Are you planning to buy a flat in Pune? Before booking a property, it is important to understand the MahaRERA possession date, the possession date mentioned in your Agreement for Sale, and your rights in case of delayed possession.
In this video, we explain how the possession date works for new homebuyers and existing buyers, what happens when a developer gets a project extension, and when you can claim compensation for delayed possession.
In this video, we cover:
1. MahaRERA Possession Date: Which possession date should you consider before booking a flat, and why you should not rely only on the salesperson’s verbal commitment.
2. Agreement for Sale: Why the possession date mentioned in your registered agreement matters and what happens if the developer fails to deliver possession on time.
3. MahaRERA Extension: Does a revised possession date apply to existing homebuyers who have already signed their agreement, or only to new buyers?
4. Delayed Possession Compensation: What can you do if the possession date mentioned in your agreement has passed? Understand your right to claim compensation and approach MahaRERA if the developer refuses.
5. Grace Period Clause: Can a developer add a grace period to the possession date mentioned in the agreement? Understand how such clauses can be challenged before MahaRERA, the Consumer Forum, or the Appellate Tribunal.
Whether you are buying a new flat or already waiting for possession, this video will help you understand the difference between the MahaRERA possession date, contractual possession date, project extension, and delayed possession compensation.