Hey, If you are looking to buy a CIDCO flat there are a few documents which you must ask for. Since all the land in Navi Mumbai belongs to CIDCO, there is a complete process to purchase a flat in the are. Here are the two cases and documents required in each case to purchase house in Navi Mumbai:If the seller has purchased home from CIDCOHere are the documents you must ask from the seller:
Allotment Letter from CIDCO
NOC from CIDCO .
Receipt of payments made to CIDCO.
No Valuation Report required
No Title Clearance/Search Report needed
Sale agreement and sale deed between the owner and CIDCO.
Possession letter issued by CIDCO to flat/apartment owner.
Lease Deed executed in favor of Society or Apartment owners association or Pvt Ltd Co by CIDCO.
If the seller purchased a land from CIDCO and constructed a house on itHere are the documents you must ask the seller in this case:
Lease agreement between CIDCO & applicant.
Blueprint of approved building plan by CIDCO
NOC from CIDCO for taking loan for purchase of the property.
Architect’s detailed estimate for Construction of house.
Development Agreement.(In case the plot is owned by one person and the building is made by another/builder)
Affidavit of not letting the House partially or wholly.
CIDCO or NMMC commencement Certificate for construction.
You can go to the official website of CIDCO to know exactly what is the process and then ask for all the documents before investing in such property. Mind you CIDCO applies charges to process the transfer of property from one party to another.
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I have purchased cidco flat?
Rekha chalke
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July 19, 2021
2021-07-19T12:47:53+00:00 2021-07-19T12:47:53+00:00Comment
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Resale Property
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