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The Guide To Maintaining Your Property Post-possession

By Author: Other
Total Articles: 11

Buying a home is a significant milestone in an individual’s life; one that involves a series of steps and procedures that will ensure a happy future. While the process leading up to the purchase is always anticipated by the customer, the house maintenance often comes as an unexpected step, post-closing possession on the home.

This is where Godrej Properties steps in, to help you with everything you need to know, after you have claimed possession of your dream home. Home Ally is a one-of-its-kind home buyer’s guide that details what you should do once the key to your secure future is in your hands. As an investor and a customer, it is your right and duty to be aware of RERA laws and other procedures that can help you maintain and cherish your home, for years to come. Here are some frequent queries that homeowners have, once they’ve taken possession of their residence.

Quality issues and defects
Based on RERA laws, any structural issues within five years of handing over possession should be rectified by the developer at no extra charge to the customers and should be completed within 30 days of the complaint being issued.

Untimely delivery of property
Interest on the extended time should be paid by the developer, on the amount paid by the customer. The rate of interest will be the same as paid by the customer for delayed payments, which should be jointly decided by both parties involved.

Formation of society
Based on provisions within local laws, the developer must form a society that will take care of amenities and ensure maintenance of the property. The society’s other functions include:

Raising funds
Maintain a record of society files
Forming, electing, and running the membership committee
Getting the property insured
Performing timely structural audits, inspections, and repairs.
Provide information to customers about selling/renting flats

Visit the official state website for more details about laws and provisions as laid out by RERA and register yourself as a user for accessing the portal regarding grievances, updates on policies, and other services. Happy home buying to you!

Total Views: 12Word Count: 336See All articles From Author

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