Ongoing delay in possession of the house is one of the worst nightmares of a buyer, but what if it actually comes true? As alarming as it sounds, it is quite a common scenario these days, given the working capital crunch which builders face. These delays can occur due to the following reasons:Pending municipal approvals or disputeWorking capital crunch - The developer has gone out of funds (and property is not selling) and the bank is refusing to fund the projectWhatever the reason might be, this delay not only causes a direct loss of money to the buyer but also make him feel depressed and frustrated. This ongoing delay also makes it impossible to plan for the future and increases other costs. For example, if you are staying in a rented property, you need to pay the rent as well as the EMI for the loan taken to build the new house. It can cause a major strain on your finances and also put you through mental anxiety.But you should remember that even at this point all is not lost. There are many things you can do if you are facing losses because of the delay. Let us help you with certain things you should do if faced with such a situation.