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Case Study: Aarti, a government employee, booked a flat in an under-construction project. The builder gave her a possession certificate with a promised handover date. When the builder failed to deliver on time, Aarti approached RERA. The possession certificate became her strong legal proof, and the builder was ordered to refund the amount. This shows how important the possession certificate is for buyers investing in 3BHK apartments in Bhopal or any other city.
A possession certificate is a document issued by the builder/developer to the buyer, mentioning the date of handover of the property. It is not proof of ownership but an important legal record while buying flats, villas, or duplexes.
Q. Does possession certificate mean actual possession?
A. No. Possession letter and actual handover are different. The certificate is a legal assurance but until physical handover, it remains only a promise.
Q. Does it prove ownership?
A. Not solely. It supports ownership along with sale deed and registration documents. When combined with these, it strengthens your property rights.
Q. When is it required?
A. It is required while applying for a housing loan, during property transfer, or in case of disputes with the builder.
If you are planning to invest in 3BHK flats in Bhopal, always ensure you get a possession certificate. It protects your rights, helps in getting home loans, and works as proof in case of delay or fraud by the builder.
