Possession of M3M Sector 108 Noida

This page covers the possession details of M3M Sector 108 Noida, a new commercial development in Sector 108, Noida. Here you will find information about the expected possession timeline, the handover process, and the key steps involved in taking possession of your retail shop or office space. The project is being developed by M3M India on a 12.5-acre land parcel near the Noida-Greater Noida Expressway.

Possession Timeline

Possession for M3M Sector 108 Noida is expected by 2030. This timeline is indicative and may change based on construction progress and approvals. Here is a quick overview of the project details:

The Possession Process

The possession process for M3M Sector 108 Noida will follow a standard procedure. Here are the key steps involved:

• Payment of Final Installment: Before possession, you need to clear all pending payments, including the final installment and any other dues.
• Verification of Documents: The developer will verify your documents, including identity proof, address proof, and the agreement for sale.
• Possession Letter: Once all dues are cleared and documents verified, the developer will issue a possession letter confirming that the property is ready for handover.
• Property Inspection: You will be invited to inspect the property. This is your chance to check the construction quality, fixtures, and fittings.
• Snag List: If you find any defects or incomplete work during inspection, you can prepare a snag list and submit it to the developer for rectification.
• Handover of Keys: After the inspection and rectification of issues, the developer will hand over the keys to you.

Documents Required at Possession

At the time of possession, you will need to provide certain documents. Here is a list of commonly required documents:

• Identity Proof: Aadhaar card, PAN card, passport, or any other government-issued ID.
• Address Proof: Utility bill, rent agreement, or any other valid address proof.
• Payment Receipts: Receipts of all payments made towards the property.
• Allotment Letter: The original allotment letter issued by the developer.
• Agreement for Sale: A copy of the agreement for sale signed between you and the developer.
• Passport-size Photographs: Recent photographs for documentation purposes.

What to Check During Possession Inspection

The possession inspection is an important step. Here is what you should check:

• Construction Quality: Check the walls, floors, ceilings, and other structural elements for any defects.
• Fixtures and Fittings: Check electrical points, plumbing, doors, windows, and other fixtures.
• Common Areas: Check lobbies, corridors, staircases, and other common areas.
• Parking Space: If you have been allotted a parking space, check its location and condition.
• Documentation: Verify that all documents are in order and match the agreement.

Grace Period and Delays

The agreement for sale usually includes a grace period for possession. Here is what you need to know:

• Grace Period: This is a specified time after the committed possession date during which the developer can hand over the property without penalty. The grace period is usually mentioned in the agreement.
• Delay Beyond Grace Period: If possession is delayed beyond the grace period, the developer may be liable to pay compensation or penalty as per the agreement and RERA rules.
• Buyer Delay: If you delay taking possession, the developer may charge holding charges or other fees. You should check the terms of your agreement.

How to Get Possession Updates

If you want to stay informed about the possession timeline and progress of M3M Sector 108 Noida, here is how you can get updates:

• Contact the Sales Team: The sales team can share the latest possession updates and expected timeline with you.
• Fill the Enquiry Form: Submit the enquiry form on this page to request regular updates about the project.
• Schedule a Site Visit: You can visit the project site to see the construction progress and understand the possession timeline better.