'Act of God' Causing Construction Delays? How To Avoid It
Home buyers prefer going for under-construction properties primarily for two reasons – first, these are more affordable than ready-to-move-in properties; and second, the satisfaction of entering into a brand-new house is immense. However, homebuyers are often left red-faced when developers delay project delivery owing to a number of causes. In many cases, developers cite the force majeure clause to win legal battles. In their excitement to complete the paperwork as soon as possible, buyers often overlook this crucial clause while entering into an agreement with developers. This clause, in fact, facilitates delayed possession.