The wait between booking and possession can feel longer than the purchase decision itself. So when multiple projects are competing for the same buyer, does possession timeline become a deciding factor?
In this conversation, Sanjay Kumar Bansal (Managing Director, DEV Developers) joins Devansh Bansal to discuss project timelines, construction progress, and why transparency during execution may matter just as much as the product being sold.
A few key moments that set the tone for the conversation:
• How DEV Signature One’s possession timeline compares with other projects in the same market
• Why early possession can have both financial and practical implications for homebuyers
• What milestones have recently been achieved on site and what comes next in the construction sequence
Watch the full interview to hear Sanjay Kumar Bansal’s perspective on construction progress, project timelines, and the importance of transparency during development.
Devansh Bansal:
Sir, a lot of buyers in today’s market have been asking one question persistently.
Given the last quarter’s supply chain disruptions, is DEV Signature One genuinely going to hand over earlier than every other comparable project in this location?
Sanjay Bansal:
Very good question.
In fact, over the last three months, I think I am seeing a scenario that is more dangerous than COVID. That’s my assessment for our industry.
That’s what Modi ji has been telling us as well—we have to be very, very cautious.
If you see, yesterday RBI did not touch the interest rate. The whole industry was watching whether rates would decrease or increase.
On one side, there are commodities like steel and others where prices are reducing because there is no demand. There is a supply chain disruption, and those industries need interest rates to be reduced.
On the other side, there is a lot of inflation.
Starting with tiles—I ordered ₹10 lakhs worth of tiles, and only ₹2 lakhs worth have been delivered.
There was a force majeure situation. The entire Morbi manufacturing ecosystem was closed for 3 months. It has opened only now because LPG gas prices increased from ₹1,500 to ₹3,200.
I have to pay 20% more.
Similarly, all products are minimum 10% to 20% more expensive.
As an organization, as a brand, and as a product development company, we decided that we will deliver on time.
And we are ordering everything in advance.
It is not just the price rise.
It is advance payment now because products like tiles, paints, and Aerocon blocks are usually supplied on credit. But because these manufacturers are dependent on LPG gas, they have to purchase raw materials today and make payments immediately. Otherwise, they will not be able to supply.
So we are committed to delivering on time.
Phase One will be handed over to all customers in December 2026, and Phase Two in June 2027.
Devansh Bansal:
Understood, sir.
How is this early? When is the next project being delivered in this location?
Sanjay Bansal:
Early in the sense that I think we will be the second project in this location to be delivered.
Compared to all the other projects, I have been told that some projects are performing so poorly that they are changing specifications even after committing them to customers—whether it is windows or other specifications.
Also, because of the war situation, there is a force majeure clause under RERA.
Everybody might get a 6-month extension.
So delivering possession 6 months late may still be considered on time under the new reality.
But we are going to deliver within our originally committed timeline.
In that sense also, we are early.
Devansh Bansal:
One more point I would like to add from my side.
I think one more reason clients should appreciate this is because the next ready-to-move-in high-end project in this location is at least 12 to 18 months away.
In case anyone wants to buy and move in immediately, honestly, they don’t have any other option than us.
Sanjay Bansal:
Correct.
Yes.
Devansh Bansal:
Having said that, what is our current progress on site?
Where do we stand?
How much material has been ordered?
How much work has been completed?
What is our current construction progress?
Sanjay Bansal:
We are absolutely on track.
The complete structure, brickwork, and plastering of Phase One are at the 80% to 90% stage.
Complete tiles have been ordered, and advances have already been released to the suppliers.
The delivery timeline is 30 days.
Windows and doors have also been ordered.
So all finishing materials are in place, and I should be able to hand over keys to customers who want to begin interiors in December.
All the material I am talking about is physically lying on the site.
Customers can come and see it.
Tiles for 40 flats are already lying on site.
For another 120 flats, tiles have been ordered and will arrive within 30 days.
We are currently focused on mobilizing labor for the same.
Again, because of the elections, labor has gone back, and we are trying to bring the labor force back. That is another challenge.
Devansh Bansal:
Understood, sir.
What I feel you’ve communicated here is that we are on track to deliver on time.
Sanjay Bansal:
Yes.
Devansh Bansal:
Usually, doors, windows, and railings are among the last components to be ordered.
That is a very clear sign that a project will be ready for interiors or ready to apply for OC in about a quarter’s time.
Sanjay Bansal:
Correct.
Devansh Bansal:
With another three months of buffer, you’ve mentioned December.
Sanjay Bansal:
Yes.
Devansh Bansal:
Alright, sir. I think that covers it.
Thank you so much.
