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
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