Koheli
Introduction
Living a new and fresh life with the people you
love the most in a new place you found alone for the first time cannot be
explained in words. It is a type of emotion that makes people happy and proud
of what they have achieved by investing a large part of their investments. Most
people acquire a home for themselves once in their life cycle, and it's what makes
them feel attached and connected to their own place. But before you pack all
your belongings and belongings and prepare to move to a new home, check and
verify these essential documents and details to avoid complex and unexpected
situations. Improper documentation, careless registration, and lack of
title certificates can be severe causes during home possession. Many people may
have heard this word for the first time, and we must inform you about this
particular subject and related things as best and as efficiently as possible.
Meaning and Uses
Suppose you have recently purchased a new property
and met all its conditions. After that, you pack all your stuff and are ready
to move to that place with your family or loved ones. Then such a transfer or
it can also be said that taking possession of the newly built house with proper
legal confirmation in return is called home ownership. The same is provided by
a person named "tehsildar" in rural areas and by an official named
RDO (Head of the Regional Department) in urban areas.
This detailed documentation or certificate is
helpful for any new buyer in many ways, whether the official and legal transfer
of ownership from the first owner to the new owner or when you want to apply
for a home loan to pay the amount. Without such a certificate, you are not
legally entitled to acquire ownership or title to it, making it an essential
document if you wish to claim anything related to your new purchase.
Home Possession Checklist
Convenience:
Remember all the amenities the builder promised in
their glossy brochure? From the clubhouse to the pool to the running track,
take a closer look and ensure everything is in place. Some of them may be in
poor condition at the time of ownership or may be delayed. In such a scenario,
it is a good idea to contact the builder for the deadlines for these
facilities.
Search accessories and furniture:
A manufacturer must supply a brand equal to or
equivalent to the one mentioned above for accessories such as electrical
panels, door handles, sanitary ware, etc. Follow the plan of the unit when it
comes to doors and windows, as there is a possibility that broken and
unmaintained windows and doors will greet you. Ensure all doors and windows are
correctly locked and open and close smoothly.
Cracks developed:
The most common problem after possession is a hole
or crack in the wall. The builder can refuse to fix such damage after you take
the keys.
Drainage outlets not maintained:
Homeowners do not want clogged drainage outlets.
Check all drainage outlets in your bathroom, kitchen, utility area, etc., to
ensure they function correctly.
Space:
Measure each room, door, and window with the
measuring tape. Ensure all of the items are by the contract of sale.
Set of keys:
Before you sign off on the completion of
possession, ensure that you obtain at least two sets of keys from the builders.
Documentation Required
To obtain a certification relating to the ownership
or ownership of your new property, you must submit several attached documents
to the competent authority, and these are:
Home Possession Certification - What Rights Can You
Exercise?
This particular list was related to paperwork and
documentation. Now let's come to the rights a person can exercise and is bound
by this home ownership certificate.
You are now ready to get certified related to the
same but wait; this is not just something that can happen as it is a complex
and time-consuming process. Many people experience an unusual lag in the same,
which makes them very tense and stressed about the newly purchased property as
they have spent a considerable amount of money on the same and are very
attached. The reasons for this can be much, much more persistent. Let's clarify
them.
Reasons delaying the home ownership process
If a contract or legal document provides an
extended period for the transfer of ownership, it will be delayed. Developers,
real estate agents and promoters are usually sued by homebuyers and buyers on
these grounds. The longer the delay, the more likely the law will favor the
buyer or heir, especially if they have paid a significant portion of the total
purchase price for the property in question. The law is more likely to favor
the buyer or heir of the property with a longer delay, significantly if the
buyer or heir has delayed payment of a significant portion of the purchase
price—total purchase of the property.
a) Underlying Causes
Home Possession - What All Could I Do Or Ask
Someone To Handle Them For Me
Now that you know all the things that can get in
the way of this process, you must be wondering what else I could do or ask someone
to do the same for me. The law has it all for you, as many institutions and
agencies have been created to deal with these home ownership issues.
Authorities and Legal Acts:
Consumer Disputes Review Committee
A person who has a problem with property held over
by a developer can make a complaint under the Consumer Protection Act 1986 to a
court that has jurisdiction over that property. The provisions of the law allow
consumers to file a complaint only when they discover unfair trade practices or
defects in goods and services.
National Company Law Tribunal (NCLT)
A national corporate law tribunal is a body
established by the Government.
Due to the lack of funds, the developer cannot
proceed with the project due to delays in delivering the property to the buyer.
In such a case, the buyer has the right to file for bankruptcy through the
NCLT. It takes 9-12 months to set these things up in most cases.
Protection of Consumers Forum
Other remedies:
Use social media as a tool.
Internet life can be beneficial if everyone
contributes to the cause. You have to be honest with them and at least trust
them.
Settlement may help
There is nothing that cannot be resolved by
agreement. If the contract is uneven, there will be delays from the home
builder, and too much work can cause the temperature to reach the cash
register. To avoid being scammed in these situations, ensure you have a trusted
agency or seek legal help.
Look for alternatives
You cannot remain silent and continue to suffer until
the day you receive the property you have obtained. Be prepared to negotiate
with the latest talent and pressure home builders to exercise your title and
property rights. Where suitability has not yet been established, the buyer
question remains an agreed approach to defining terms and conditions. First,
make sure the contract includes a promise of on-time delivery.
You are legally protected.
The Domestic Building Contracts Act 1995 states
that the builder must provide guarantees for the timely completion of a
project, that all works performed comply with the legality, plans, and
specifications of the contract, and that all materials used in the construction
of the project have been used, are of high quality and that when the work is
completed the house is safe and suitable for the home.
There are several reasons why builders delay
ownership. Investing in real estate projects is always a good idea, but taking
precautions when investing is also a good idea. It is advisable to review all
buyer-builder agreements carefully to avoid discrepancies in future
transactions.
Summary
Owning a new home is an unparalleled pleasure. This
is a unique opportunity to see your goals come true after years of preparation
and saving. The exact appearance is essential as it can affect how customers
feel when entering the apartment complex. Once you have acquired the property
after completing the paperwork and other responsibilities, you are not entitled
to make any repairs or improvements until the sale has been legally completed.
This means that if a building has significant structural problems, it must be
repaired by a qualified contractor before the sale can begin.
FAQ's
How long does it take to be certified?
The period varies from state to state, but once the
application is submitted, the verification is carried out under the supervision
of the appropriate person. If all goes well, you will usually receive proof of ownership
within seven days of the inspection.
Who is Tahsildar?
Tahsildar is the Gazetteer for land, tax, and
revenue matters. In rural areas, you need to go to the appropriate Tahsildar
office to get a proof of ownership.
Are there any fees I have to pay?
Yes, you have to pay different taxes depending on
the state. Rewards are based on the group or category you belong to, such as
below the poverty line, above the poverty line, and SC/ST.
How to fix delayed home possession?