Possession at County Sector 88A Gurgaon

What "Possession" Involves

Possession is the point at which a developer formally hands over your apartment to you, and it's a more involved process than simply collecting a set of keys. It generally begins once the developer has obtained the Completion or Occupancy Certificate (OC) from the local development authority for the relevant tower or phase, confirming construction is finished in line with sanctioned plans. From there, the developer typically issues a formal "offer of possession" letter setting out any remaining dues and the steps you need to complete before taking possession.

The Possession Process, Step by Step

1. Offer of possession letter: the developer notifies you that your unit is ready, along with a statement of any final dues, maintenance deposit and other charges payable.
2. Clearing final payments: this typically includes the balance sale consideration, stamp duty and registration charges, a maintenance/corpus fund contribution, and any club or amenity charges applicable.
3. Unit inspection ("snagging"): you walk through the unit with the developer's representative to identify any defects or incomplete work, which should be documented and rectified before or shortly after handover.
4. Possession letter & handover: once dues are cleared and the inspection is complete, the developer issues a possession letter and hands over the keys.
5. Sale deed registration: the final ownership transfer is registered at the local sub-registrar's office, which legally completes the transaction.
6. Fit-out period: many buyers use a short window after possession (commonly a matter of weeks) to complete interiors and fit-outs before moving in.

This is the general sequence followed across most Indian residential projects, not something unique to County Sector 88A Gurgaon - though exact timelines and the order of a few steps can vary slightly by developer.

Documents You'll Typically Need

• Allotment letter and the signed Agreement for Sale / Builder-Buyer Agreement
• All payment receipts and the final demand/offer of possession letter
• Home loan NOC and disbursement details, if your purchase was financed
• A copy or confirmation of the Completion/Occupancy Certificate status for your tower
• The signed possession letter, and eventually the registered sale deed

Keep copies of every document exchanged during this process - they matter not just for your records but for any future resale, as covered on our Resale Value page.

Your Protections Under RERA

The RERA Act, 2016 gives buyers specific protections around possession that are worth knowing regardless of which project you buy into. A 5-year structural and workmanship defect liability period applies from the date of possession - if a genuine structural defect or poor workmanship issue is brought to the developer's attention in writing within this period, they are required to rectify it free of cost, generally within 30 days. Separately, if possession is delayed beyond the RERA-registered date without a valid, permitted extension, buyers are entitled to interest on the amount paid, calculated under Section 18 of the Act, generally pegged to the State Bank of India's highest Marginal Cost of Lending Rate (MCLR) plus a fixed margin - the same rate structure applies symmetrically if a buyer delays payments to the developer. These are statutory protections that exist independently of anything a developer promises in marketing material, which is exactly why checking a project's RERA registration matters - see the RERA page linked below for how to do that.