The Gagan Possession Promise

Backed by Delay Protection Plan

The Gagan Possession Promise

Gagan Avencia Phase - 2 · Kharadi, Pune

A home is not simply a transaction. It is a date around which a family plans its life – the school year, the lease, the move, and the next chapter. We understand the importance of that date. That is why, for Gagan Avencia Phase - 2, Kharadi, Gagan Developers is putting its possession commitment in writing.

If we fail to offer possession by the committed date for reasons within our control, you are compensated at 12% per annum as opposed to the MahaRERA-prescribed minimum (SBI MCLR + 2%). Our first commitment is simple: deliver on time, so this letter never needs to matter.

Committed Possession

Possession of your home will be offered in accordance with the possession date specified in your Agreement for Sale and the project's applicable MahaRERA registration and approvals.

Our Delay Protection

This delay compensation is calculated on the cumulative consideration paid towards your residential unit. Statutory charges, taxes, stamp duty, registration charges and other government levies will not form part of this amount.

Compensation Mode

Subject to the terms of this commitment, eligible delay compensation for the qualifying period of delay will, either be credited directly to your account or adjusted against the balance payable of your unit – in either case, without requiring you to separately pursue us for each month's entitlement.

The Protection Continues

Eligible compensation will continue for the qualifying period of developer-attributable delay until the date of Occupancy Certificate, as specifically defined in the binding terms of this commitment and the Agreement for Sale.

What This Does Not Cover

In the interest of transparency, this guarantee – like the protections under RERA itself – does not apply to delays caused by force majeure, as defined under RERA, and for such additional time as the possession date stands extended by MahaRERA on account of it. Any such revision will be communicated to you in writing.

Why We Are Making This Promise

Every project teaches us something we carry forward – and this one is no exception. Gagan Avencia Phase - 2 is designed and priced with a construction plan, funding structure, and delivery schedule built to hold, not one that depends on hope.

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