PropyMart · 2026
A builder-buyer agreement (BBA) is the contract between you and the developer before possession. Unlike the sale deed, it's signed when you book a flat under construction.
Watch for broad force majeure clauses that excuse builder delays for almost anything — 'market conditions', 'regulatory delays', or 'force majeure not limited to the above'. Good agreements define force majeure narrowly.
Some builders include cost escalation clauses letting them increase the sale price mid-construction. RERA prohibits this for registered projects — if you see it, escalate to the RERA authority.
Possession date is mandatory
RERA mandates a specific possession date in the BBA. Builders can extend by 6 months for legitimate delays, but must notify buyers. Beyond that, they owe you interest compensation.
After RERA, all BBAs must quote area in carpet area (usable floor area excluding walls). If your agreement quotes super built-up area, insist on a carpet area addendum before signing.
PropyMart connects buyers with RERA-specialist legal advisors who review BBAs and flag red clauses. Don't sign without an independent legal review — it's the best ₹2,000 you'll spend.
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