Developer asking me to register the flat before handover. Okay?

[User_c30187f0]

U

User_c30187f0
PARTICIPANT
March 15, 2025 at 7:06 am

I am new to this. My developer is about to deliver the flat in a couple of months. Should I register the flat now or after handover. What are the pros and cons of this

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[Silentavinash5204]

S

Silentavinash5204
PARTICIPANT
March 15, 2025 at 7:12 am

What if the flat is not ready on time? Any penalty clause for delay?

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[User_c30187f0]

U

User_c30187f0
OP
March 15, 2025 at 7:19 am

Yes. Rent will be paid. However they have time till 2026

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[Brightsanjay9083]

B

Brightsanjay9083
PARTICIPANT
March 15, 2025 at 7:19 am

Also note that GST is applicable on purchase of under construction flats.

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[User_c30187f0]

U

User_c30187f0
OP
March 15, 2025 at 7:32 am

Should I wait then?

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[Fiercedeepa8125]

F

Fiercedeepa8125
PARTICIPANT
March 15, 2025 at 7:22 am

What if you find a huge crack in the wall or big plumbing issue or no wiring done after registration. Once you get registered the flat in your name it’s yours and the builder is not liable for anything except some regular maintenance contract, read everything properly. Sorak to your bank as well. I don’t think they will agree without a handover, and you know the reason.

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[User_c30187f0]

U

User_c30187f0
OP
March 15, 2025 at 7:34 am

Better to get the registration done after handover?

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[Fiercedeepa8125]

F

Fiercedeepa8125
PARTICIPANT
March 15, 2025 at 8:16 am

That’s standard… Only after completion of all necessary work and handover. There might be some work going on in common area but the flat should be ready for further interior work by Owner.

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[Shreyaseeker789]

S

Shreyaseeker789
PARTICIPANT
March 15, 2025 at 7:48 am

if most of the work is done, its ok to register the flat by holding 5-10% of the money. Its a common practice in case if housing loan is availed.

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[Desiarav1081]

D

Desiarav1081
PARTICIPANT
March 15, 2025 at 8:33 am

It seems like the developer is facing a cash crunch and looking to make up for it.

There are several ways you’d get duped if you end up registering way too much earlier than getting the possession.

Best thing to do would be, ek haath lain, ek haath dain. Maal dekhe bina khareedne ka koi matlab nahi banta bhidu!

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[User_c30187f0]

U

User_c30187f0
OP
March 15, 2025 at 8:35 am

Thank you

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[Desiarav1081]

D

Desiarav1081
PARTICIPANT
March 15, 2025 at 8:46 am

Unless otherwise you get the Sale Deed made yourself with the help of an advocate and stack up the odds heavily in your favour by adding indemnity, penalty and recovery matching the property damage and recovery of the interest paid by you in the delayed time span till the possession clauses against the developer along with various other things and ask him to sign it.

If he refuses to forge a contract which most likely he would, then it’s a massive red flag.

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