Realty Canvas

Delay in possession is not just a timeline issue. It is a financial burden buyers silently carry.

Many builders invoke a “grace period” when projects get delayed, but what most homebuyers do not realize is this: under RERA Section 18, that grace period is not automatic. It must be clearly mentioned in your agreement.

A delayed project often means:
• Paying EMIs without possession
• Paying rent alongside
• Carrying hidden costs that can run into lakhs

And in many cases, RERA gives buyers the right to seek compensation or even a refund with interest.

Before signing your agreement, always check these 3 clauses:
✔ Force majeure clause
✔ Exact possession date
✔ Penalty clause

A property purchase is one of the biggest financial decisions you make. Knowing your rights is just as important as choosing the right project.

If your project is delayed, drop your RERA ID in our DMs for a free possession status check.

Buying a property isn’t just about location and price. It’s about understanding what you’re actually paying for.

Carpet Area. Built-up Area. Super Built-up. RERA Approval.

These aren’t just real estate terms — they directly impact your investment, usable space, and legal security.

A smart buyer asks the right questions before signing the cheque.

Know the difference. Avoid costly mistakes. Invest with clarity.

Save this post for your next site visit and make informed property decisions.