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Builder asking for indemnity before delivery of FLAT


05-Dec-2023 (In Property Law)
I am buying a flat in society from a Big Delhi builder in Faridabad and they have given me a letter of possession. They are now asking for some documents(photos, ID proofs, etc) for conveyance Deed and their documentation. They are now asking for some indemnity bonds saying they are part of the documentation for getting NOC for fit-outs (for getting the property ready for delivery). The Content of the Indemnity bond says that(Quoted from that letter): 1. That I have taken the physical vacant possession of the Unit to my complete satisfaction and after due inspection and verification of all aspects of the Unit in respect of its construction quality, construction material used, condition, documents, title, status, size, measurement, dimensions, location, services provided, etc. which I acknowledge to be completely in accordance and compliance with the terms of the Buyer Agreement and my requirements. Accordingly, I confirm that I have no claims or demands of any nature whatsoever, no
Answers (2)

Answer #1
920 votes
I have perused the contents of your query and would advise you to share the copy of the indemnity bond to enable us to legally vet/ review the same and tender an appropriate opinion on you to reach out at a considerable decision.
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Answer #2
791 votes
this letter is also a sought of possession letter. until seeing the exact letter it is very difficult to say. it is advisable that you meet a Lawyer physically with the letter an take a legal opinion. please feel free to contact me back for any further assistance.
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