The importance of On-Time Delivery for your home construction

There is much truth in the age-old saying, “home is where the heart is”. Your home is not just a collection of rooms, but a space within which memories have been created and collected over generations. It is never easy to let go of that home in favour of new builder floor home constructions. As if it isn’t bad enough to have to give up the family home and relocate while The new building is constructed, most property owners suffer endlessly at the mercy of the hollow promises related to home construction timelines and delivery commitments..

Most builders are hesitant to contractually commit to a project delivery time with penalties for cases of delay in handover. The standard practice is to win plot collaboration partnerships with a lump sum amount to the owner at the beginning and then wait to secure finances for the project via bookings. This leads to delay in payments for goods and services, which in turn stalls the work progress. As a result, the importance of delivery time in construction is often ignored; the delivery time keeps extending till all bookings are finalised and money is secured to finance the project. The stress and agitation caused will be passed off as an inevitable part of the process.

Read more: How can you save yourself from being a victim of delayed home building process

It is quite easy for the novice property owner to not give much importance to the delivery time promise when generous sums of money are offered in the initial stages. One assumes this would be a lucrative deal, as the margin of delay could only be minimal compared to the financial gains of a large settlement. It is the simplest error to make, yet one of the most regrettable, as the repercussions of construction delays impact your life in many ways. Remember, time is money.

Rebuilding your existing home requires a lot of pre-planning. Most commonly, a temporary residence has to be rented. In cases of unforeseen delays, one has to undergo the hassle of extension of rental contracts, not to mention extra rent payable month after month till your new home is ready. Not only this, your whole family’s routine is upset as you are often forced to relocate to a different locality and live with the limitations of a temporary home.

Read more: 6 Things You Need to Know Before Starting Your Home Building Journey!

Additionally, any interior work planned independently for your home is also stalled until handover. Such uncertainty also makes it impossible to plan for future family events, functions, vacations, etc.

The home construction company undertaking a project should have the necessary funds to execute the plot collaboration project as promised to the client, independent of revenue from sale of future units. This ensuresa steady flow of payments for all stages of work on the building, making sure the work progress is on-track. If the contract clearly states a penalty clause for delays, the property owner can rest assured that the builder will do his best to ensure on-time delivery to safeguard both his money and his reputation.

Read more: Builder Collaboration with the right Developer

In Prithu, we have a clear contractual 14-month delivery promise. As custom home builders in Delhi NCR, we guarantee to have all the funds necessary to deliver the completed house on time, regardless of the timeline of bookings and sales of units. So don’t be penny-wise and pound-foolish, choose a builder who commits to deliver your builder floor home construction on time and guarantee your peace of mind.