What is Possession letter | When Builder Provide Possession letter | Possession letter kya hota hai

A possession letter in real estate is a legal document issued by the developer or builder to the buyer of a property. It serves as formal acknowledgment that the construction of the property is complete, and ownership can be transferred to the buyer. The possession letter typically includes details such as the property address, buyer’s name, date of possession, and any specific terms and conditions related to possession. It signifies the transfer of physical possession from the builder to the buyer, marking an important milestone in the property transaction process.

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