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Peace Legal Information: Making Law Simple for Every Citizen

Peace Legal Information: Making Law Simple for Every Citizen

    Table of Contents Introduction — purpose & scope Why legal awareness matters Rights & Duties — equal and reciprocal Role of Police — how to cooperate Everyday laws to keep handy How to use the law to protect yourself Conclusion Introduction — purpose & scope Peace4.in brings plain-English legal information to every person living in or visiting India. This pinned page is a gateway: it explains the site's purpose, how to navigate topic clusters, and how the law can be used to prevent harm and resolve disputes through recognised legal channels. We focus only on Indian legal context and practical steps. Our aim is to increase legal literacy, encourage lawful behaviour, and support peaceful, constructive resolution of conflicts. ↑ Back to top Why legal awareness matters Legal knowledge empowers you to avoid common mistakes, make informed decisions, and acc...

7 Things I Wish I Knew Before Signing My First Builder Agreement

7 Things I Wish I Knew Before Signing My First Builder Agreement


These are the 7 Things I Wish I Knew Before Signing My First Builder Agreement

Buying your first home can be exciting — until the fine print of the builder agreement hits you. Most homebuyers in India rush into signing builder agreements without fully understanding the legal consequences. This post shares seven hard-earned lessons every buyer should know before signing on the dotted line.


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1. Check if the Project Is RERA Registered

Before anything else, confirm that the project is registered with RERA in your state. A RERA number ensures the project meets certain legal and financial compliance.

Why it matters: Unregistered projects may be illegal or unauthorized.

See when to use RERA vs. consumer forums for real estate disputes.

2. Understand the Possession Clause

Don't assume your flat will be delivered on time. Look closely at the “possession date” — and whether the agreement mentions a grace period or compensation for delays.

Builder delays are common — here’s what Indian law says.

3. Beware of Hidden and “Future” Charges

Many buyers are shocked by late-stage charges for parking, clubhouses, maintenance, and even floor rise. Your builder-buyer agreement must mention all charges clearly — not vaguely as “as applicable.”

Understand the hidden risks in The Hidden Legal Costs of Buying a Flat in India.

4. Know the Cancellation and Refund Terms

What happens if you want to back out after paying a booking amount? The cancellation clause tells you whether you’ll be refunded — and how much you’ll lose.

Here’s what happens if you back out of a flat booking.

5. Is There a Penalty Clause for Delays?

Most builder agreements have penalty clauses if *you* delay payment — but what if *they* delay construction? A fair agreement should also penalize the builder for default.

See how to draft a builder-buyer agreement that protects you.

6. Demand Approved Layout Plans

Changes in layout, floor size, or amenities are common. Make sure the agreement includes:

  • Approved building layout
  • Flat number and configuration
  • Sanctioned floor plan

To avoid disputes, understand how layout changes can lead to legal trouble.

Never rely only on the builder’s agent or sales staff. You have the right to take the agreement, review it at home, and consult a property lawyer before signing.

How to talk to a lawyer before buying property


Explore More on Property Law in India

Your builder agreement is more than paperwork — it's your legal protection. Take the time to read, question, and verify before you commit.