Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

The Moneycontrol Real Estate Show | Is a new real estate developer planning to complete your project stuck for years? Here’s what you should know about paperwork and quality checks

He advises buyers that they should be prompt in filing their claims and should bring on record all the documents, including discount letters, they had signed with the previous builder, to get a fair deal.



In this episode of The Moneycontrol Real Estate show, Moneycontrol's Vandana Ramnani talks to Santosh Agarwal, CFO and Executive Director, Alpha Corp, to understand the options available to homebuyers stuck with incomplete projects. Listen for more.


Agarwal explains the process of a third party takeover of a stuck project and the legal processes involved. He says that under normal circumstances, it generally takes a developer six to nine months to restart construction once the legal documentation and clearances are in place.


He advises buyers that they should be prompt in filing their claims and should bring on record all the documents, including discount letters, they had signed with the previous builder, to get a fair deal.

He also informs listeners about the construction quality of a project left abandoned for several years before a new developer takes over.



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Moneycontrol News
Sections
ISO 27001 - BSI Assurance Mark