Possession Letter and Handover Checklist for Indore Homebuyers
What Is a Possession Letter
A possession letter is a formal document issued by the builder confirming that the buyer has been handed physical possession of the property, typically after full payment and completion of required documentation.
1. Verify Occupancy Certificate First
Before accepting possession, confirm that the occupancy certificate has been issued for the project, since taking possession without it can create legal and practical complications later.
2. Inspect the Unit Thoroughly
Walk through the entire unit checking for cracks, leakage, flooring quality, door and window fittings, and electrical points, noting any issues before signing the possession document.
3. Confirm Carpet Area Matches Agreement
Measure the actual carpet area where possible, and compare it against the figure mentioned in your sale agreement, raising any discrepancy with the builder before finalizing handover.
4. Check Common Area Completion
Common areas such as lobbies, parking, gardens, and lifts should be fully functional and completed, not left as pending work to be finished after residents move in.
5. Collect All Relevant Documents
Ensure you receive copies of the completion certificate, occupancy certificate, approved building plan, and warranty details for fittings and structural elements at the time of possession.
6. Note Down Snags in Writing
Any issues identified during inspection should be documented in writing and shared with the builder, along with an agreed timeline for rectification before or shortly after handover.
Final Tip
Do not sign the possession letter until you are satisfied that major issues have been addressed or clearly documented, since signing it typically confirms acceptance of the property in its current condition.
