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What papers should I check before buying a flat from a promoter?

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0 2021-05-31T20:55:05+00:00
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Buying your own house is a great feeling of satisfaction. But buying a house is also a hustle at the same time and you  need to be extra cautious in the process of buying a house. Here I am providing you with a list of documents to check before buying a flat from a builder.  

Documents to check before buying a flat:

  • Title Deed 

  • Construction Clearance Certificate or Commencement Certificate

  • Building Approval Plan or Approved Layout Plan

  • No Objection Certificate or NOC

  • Land Use Certificate

  • Encumbrance Certificate

  • Completion Certificate

  • Occupancy and Possession Certificate

  • Tax Paid Receipts:

  • Power of Attorney

  • Conversion Certificate 

  • Sale Deed

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So, these are the documents required to check before buying a flat from a builder.

 
0 2020-08-28T18:39:33+00:00
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If you are going to buy an apartment from a promoter then you should definitely check out the following documents carefully: Sale Deed and Title Deed: A registered legal document where each and every detail related to the property transaction is mentioned called a sale deed. This document should be registered to become legally valid. After the transferring of property, the sale deed becomes a legal proof of ownership Construction Clearance Certificate: This is one of the important documents while you are buying an ongoing apartment. This document shows the local authority that permission about the construction in the piece of land. Approved Layout Plan: The layout plan should be approved by the local authorities and have no issues related to it. Land Use Certificate: This certifies the purpose for which the land is to be used like there will be different permissions each for commercial activity, agricultural land, etc. Encumbrance Certificate: It certifies that the property is free from any kind of legal and monetary liabilities. NOC: The builder should have No Objection Certificate. It is one of the significant documents issued by the local authority which states that there are no such discrepancies in the present plan that can be duly executed. Completion Certificate: It is issued after the construction on any piece of the land as permitted by the local authorities. It certifies that the property has been constructed according to the approved building plan.

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