Which documents to check before buying a flat in Mumbai?

The

documents to check before buying a flat under construction in Mumbai

are as follows:

• Title Deed

  : 

This document proves the seller's ownership of the property.

• Sale Agreement

  : 

Review the sale agreement carefully to understand the terms and conditions of the sale, including the sale price, payment schedule, possession date, and any other relevant clauses.

• Occupancy Certificate (OC)

  : 

The OC is issued by the local municipal authority certifying that the building is completed according to approved plans and is safe for occupancy.

• Building Plan Approval

  : 

Check whether the building's construction plans have been approved by the relevant municipal authority.

• Completion Certificate

  : 

This certificate is issued by the local municipal authority after the construction of the building is completed according to approved plans.

• Encumbrance Certificate

  : 

Obtain an encumbrance certificate from the sub-registrar's office to verify that there are no pending legal dues or liabilities on the property.

• Property Tax Receipts

  : 

Ensure that the seller has paid all property taxes up to date.

• Society Documents (if applicable)

  : 

If the flat is part of a cooperative housing society, review documents such as the society registration certificate, share certificate, society by-laws, and minutes of general body meetings.

• No Objection Certificates (NOCs)

  : 

Obtain NOCs from relevant authorities such as the society, local municipal authority, and the pollution control board to ensure compliance with all regulations.

• Approved Layout Plan

  :

If the property is part of a larger development, review the approved layout plan to understand the layout of the building and common areas.

• Mutation Extracts

  : 

Verify the mutation extracts to confirm that the property's ownership has been transferred to the seller's name in the municipal records.

• Utility Bills

  : 

Request copies of recent utility bills (electricity, water, gas) to ensure that all utilities are in the seller's name and there are no outstanding dues.

This is the comprehensive list of documents verify while buying flat in Mumbai

.

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Before buying a flat in Mumbai, it is crucial to conduct a thorough legal and financial check. It is to ensure that the property is free from disputes and other legal complications. Here are the key documents to check before buying a flat in Mumbai:

• Verify Title Deed: Request a copy of the original title deed from the seller and verify it with the Sub-Registrar's office.

• Check Sale Deed: Ensure it is properly stamped and registered after signing. Always get a copy for your records.

• Encumbrance Certificate (EC): Get an EC for the past 15–30 years to ensure the property has no legal or financial encumbrances.

• Approved Building Plan: Verify the building plan with the municipal authorities.

• Commencement Certificate (CC): Check with the municipal authorities if needed.

• Occupancy Certificate (OC): Issued by the local municipal authorities once the building is completed. Ask for a copy of the OC before purchase.

• RERA Registration (if applicable): Check whether the property is registered under MahaRERA (Maharashtra Real Estate Regulatory Authority), especially for under-construction flats.

• NOC from authorities: Ask the seller or developer for copies of the NOCs.

• Allotment Letter and Possession Letter: Request the original copies from the seller.

• Home Loan Approval (if applicable): Discuss with your lender, as they will verify the property documents before granting a loan.

• Mutation Records: Apply for mutation at the local municipal office after the purchase.

I hope you get an idea of the things to check before buying a flat in Mumbai. 

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What are the documents required for resale flat registration?

 

It’s crucial to verify essential legal documents to check before buying a flat in Mumbai. This is done to ensure a smooth and secure transaction. I’ve shared a checklist of documents you should examine.

What are the Documents to Check Before Buying a Resale Flat in Mumbai?

1. Title Deed: Confirm the seller’s ownership rights and check for any legal disputes or encumbrances on the property.

2. Encumbrance Certificate: This certificate provides proof that the property is free from monetary or legal liabilities.

3. Approved Building Plan: Ensure that the property adheres to the approved building plan.

4. Occupancy Certificate (OC): The OC is issued by local authorities once the project is deemed fit for habitation.

5. Property Tax Receipts: Verify the property tax payments to avoid any outstanding dues.

6. Sale Deed: The core legal document that acts as proof of sale and transfer of the property.

7. No Objection Certificates (NOCs): Check for NOCs from relevant authorities, such as the society or municipal corporation.

Remember to review these documents thoroughly before finalising your purchase to ensure a clear title of ownership and compliance with legal norms.

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What is the Price of 2 BHK Flat in Mumbai?

 

With the increase in real estate frauds, it is essential for everyone to be cautious while making any real estate transaction. I bought an apartment in Mumbai, and I can vouch for the fact that property buying is indeed a tedious task. However, I did my due diligence and was careful about the things to check before buying a flat in Mumbai.

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I was going through Garima’s answer which provided a list of documents to check before buying a flat. I’d like to add a few more documents to check before buying a resale flat in Mumbai;

• General Power of Attorney:

A buyer must determine whether the property was previously sold or bought using a general power of attorney (GPA). To confirm that the sale or purchase was made by an authorised individual, a copy of the document is required if the transaction was handled by GPA.

• No Objection Certificate:

A No Objection Certificate (NOC) is issued by several government agencies and departments, such as electricity, gas, and water boards, to certify that the builder or seller has received all required clearances. A certificate of this kind gives the buyer the assurance that the property has been regularised and that no claims of acquisition or demolition are pending.

The dangers associated with owning property have caused buyers' attention to turn to ready-to-move apartments. Nonetheless, the hazards can be avoided by thoroughly verifying the aforementioned things to check before buying a flat. While making a substantial real estate investment, one must ensure the legal documentation process.

Read More:

How to check property ownership online in India? How to check if a property is legally verified?  

Buying a property anywhere in India especially in Mumbai is an expensive affair. It's important to do due diligence and ensure all the paperwork is in place before buying a flat. List of all the documents that are needed while property purchase are:

1.Sale Deed

Sale Deed is a very important document needed which needs to be checked while buying a flat. It is the core legal registered document, which acts as a proof of sale and transfer of property. Before signing the sale deed document read all the terms and conditions mentioned carefully.

2.Completion & Occupancy Certificate

Completion Certification or the C.C is issued by the municipal authorities of the city once the project is complete. Where as the Occupancy certificate or the O.C is issued by a local government body once the project is completed and fit for habitation. The OC indicates that the project has been built in accordance with the laws and approved codes making it suitable for occupancy. Both the OC and the CC are required while applying for home loan with the banks.

3.Encumbrance Certificate

An Encumbrance Certificate or EC is a proof that there is no monetary or legal liability on the property that you are purchasing. The certificate can be obtained from the office of the Sub-registrar, where the property has been registered.

4.Mutation Certificate

A Mutation Certificate is another legal document that a homebuyer should check to avoid any legal hassles later. This document identifies the owner of the property in government records and establishes their tax liabilities.

5.Building plan

Before finalising a property for purchase, another document needs to be cross-checked and that is the building plan. A Building plan or the site plan is approved by the local municipal authority. It contains the blueprint of the project, equipment layout and utilities. It is the responsibility of the buyer to ensure that the layout of the project has been approved by the local authorities. Any deviation from the approved plan can lead to litigation or denied occupancy.