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Home / Legal / Due Diligence / What are the things to check before buying a flat from a builder?
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What are the things to check before buying a flat from a builder?

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0 2020-09-10T18:30:32+00:00
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Sale deed The first and the foremost thing, you should check before buying a property either from a builder or an owner, is the sale deed. The sale deed includes the details of the property like owner of the property, legal approvals and so on. Basically, it means that the property is authentic and you can proceed further. Building plan Next, you need to check for the approved building plan by the local municipality. Check if there are any deviations. If there are any, by how much per cent. See if this is considerable by the local authorities. Always get a blueprint of the project, equipment layout, and utilities. Occupancy Certificate (OC) After getting the completion certificate (CC), the local authorities issue an OC to the builder or the owner. This ensures that the building or the house is fit for habitation. Encumbrance certificate (EC) Now, it is always vital to verify if there are any dues that are to be cleared by the owner. This ensures that there are no monetary and legal liabilities. You can get this at the sub-registrar’s office where the property has been registered. Mutation certificate This document will help you check the owner of the property in government records and you can also check if there are any tax liabilities on the property

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Himanshu D

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