General Real Estate
Possession
The formal handover of physical control or occupancy rights in a property.
Applies in:Noida, Greater Noida, YEIDA
Detailed Explanation
Possession refers to the handover of physical control or occupancy rights in a property to the eligible allottee, lessee or purchaser according to the applicable process and conditions.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.