14 months past the promised delivery date, and the builder is pushing for fit-out possession without an OC. I'm looking at RG Luxury, but my parents keep saying it's a trap. If they haven't cleared authority dues, does UP RERA even protect us? Actually wait, does taking keys waive delay penalties? What did you do?
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Comments
Such a messy situation across all affordable projects right now. One side builder says take keys or we charge holding charges, other side authority says building illegal without OC. What did you finally decide to do, did you refuse the fit-out letter in writing?
Bhai honestly I am so stressed reading this thread. Main bhi first-time homebuyer hoon with tight budget, paying both heavy rent and EMI simultaneously right now. When the builder offers fit-out keys, temptation hota hai ki interiors start karwa ke shift ho jayein taaki rent bache. But if registry doesn't happen for 5 years, bank resale loan bhi sanction nahi karega. Did anyone here consult a UP RERA lawyer directly on this specific clause?
Thanks for clearing that up, saved me from making a huge blunder. Main toh carpenter ko advance dene wala tha.
I asked a property lawyer near Alpha-II Commercial Belt last Friday. He clearly said fit-out keys lene se UP RERA protection completely khatam nahi hota on paper, but on ground builder shows the handover letter in court to delay compensation payments by months. So legally you shoot yourself in the foot.
Fit-out possession is literally an unofficial trick to stop paying delay compensation. Mat lo keys.
Rudra Buildwell Projects ka track record waise bhi dekha hai kisi ne? They have delayed multiple towers across their portfolio. Current Noida and Greater Noida market me registries are only happening where builders cleared land dues under the Amitabh Kant committee recommendations. Rudra ne cleared dues or not, please check Greater Noida authority website first before doing anything.
Sahi keh rahe ho. Ek friend Alpha II me rent pe rehta hai, he told me so many families took fit-out possession in nearby sectors and are now crying because fire safety NOC tak nahi hai building me.
Maine check kiya tha unka status around Alpha I Greater Noida side, clearance pending dikha raha tha. If authority dues are pending, UP RERA orders also take months to get executed via recovery certificates.
Bhai parents sahi keh rahe hain, bilkul trap hai. Do not take keys for fit-out possession without OC! Once you take the keys, builder bohot smart ban jaata hai and writes in the undertaking that you accepted the flat in satisfactory condition. Delay penalty ka claim completely weak ho jata hai court mein. Main bhi first-time buyer hoon and I was almost falling for the same trick last month. Meri poori savings daal di hai flat me, I am losing sleep over this.
Yes, strictly bol raha hoon, they make you sign an indemnity bond or possession acceptance letter. Mere cousin ne sign kiya tha dusre project me, after that authority dues nahi bhare toh registry 3 saal tak atki rahi. Even water and permanent electricity connection requires OC, otherwise commercial rate pe temporary bijli denge.
Wait, does taking keys really kill delay penalties in UP RERA? Can someone verify this legally? Mere advocate ne bola builder can argue handing over happened.