Legal Services / Legal Advice
Documents required while buying property are Identity Proof like Voters’ ID Card, Passport, Driving License, Ration Card and Pan Card. Be careful of the Sale Deed/Agreement and also check that the complete property chain is mentioned in the Deed.
Here are the important things to check before you sign the agreement with the developer:
l Specific apartment allotted, tower number and size
Details of area including super area, covered area and carpet area Costing
Date of possession, penalty in case of delay
The best way is to check if the banks are funding the project. Generally, banks approve projects and start disbursement only after all the approvals are in place.
Ensure that the documents of Title of the property you intend to purchase are clear. A defective Title will create problems.
Ensure that the building has been constructed as per the sanctioned plan and deviation, if any, is in the allowed limits. It should not be in a low-lying area or in a filled-up water body.
Ensure that the developer has clearance certificates from the Electricity Board, Water and Sewage Board and other concerned departments.
Commencement Certificate and Occupancy Certificate are other important documents that are necessary while buying property. Check out the genuine-ness of the documents with the concerned authorities.
Ensure Agreement for Sale and Sale Deed, duly stamped, executed and registered are in your possession. Both should contain fair clauses for both the parties.