What happens at plot possession?
At possession you pay the final instalment and charges, inspect the plot and its infrastructure, take a possession letter, and execute the conveyance deed that transfers the plot to you. Your name is then entered in the revenue records through mutation. At Godrej Rivershore Estate, plots are due by 31 December 2029.
The checklist
- Offer of possessionThe developer writes to you. Take possession within 15 days; at Rivershore, holding charges of ₹110 per sq m per month apply after that.
- Final paymentLast 20% instalment plus deposits (maintenance, corpus, society charges) as per the agreement, with 1% TDS on the instalment.
- InspectCheck plot boundaries and area (variation is capped at 3%, with any excess refunded), road access, water, sewer, drainage and power connection points.
- Possession letterSigned handover of the plot.
- Conveyance deedRegistered in your name at the sub-registrar; stamp duty applies as per the deed.
- MutationYour name entered in the revenue records (7/12 or property card), expected within about three months.
- SocietyThe residents' society is formed within three months of 51% of buyers registering agreements; common amenities carry a 5-year defect liability.
- BuildGet the building plan sanctioned under Godrej's design guidelines and NMRDA rules, then start construction within the prescribed period.
Documents to keep safe
- Allotment letter and registered agreement for sale
- All payment receipts and Form 16B TDS certificates
- Possession letter and registered conveyance deed
- Mutation entry or updated property card
- Approved layout and your plot's demarcation
Frequently asked questions
What is a conveyance deed for a plot?
The registered document that transfers ownership of the plot from the developer to you, executed at possession.
What are holding charges at Godrej Rivershore Estate?
If you do not take possession within 15 days of the offer, holding charges of ₹110 per sq m per month apply, as per the agreement for sale.
What is mutation after buying a plot?
Entering your name as owner in the revenue records, such as the 7/12 extract or property card, after the conveyance deed is registered.