Receipts are evidence that the seller has paid the builder for the property, including any outstanding payments or installments. So, Is builder payment receipt required for resale flats? Yes, in order to purchase a resale apartment, builder payment receipts are necessary and significant. According to these papers, the builder has received all required payments from the original buyer, in this case, the seller, for the property. This is essential to protect the new buyer from any legal or financial issues.
Is Builder Payment Receipt Required for Resale Flat in India?
In order to make sure there are no unpaid debts or disagreements, they assist in confirming the financial transactions between the builder and the original buyer.
Since they attest to the seller's ownership and financial commitments, banks often need these receipts in order to approve loans for resale properties.
By retaining the receipts, the new buyer is ensured that the former owner has left no outstanding debts or legal troubles behind.
In addition to payment receipts, the sale deed, occupancy certificate, encumbrance certificate, and NOCs from the builder and society are additional necessary documents for a resale flat purchase.
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Is Builder Payment Receipt Required for Resale Flat?
Kriti78
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4 months
2025-07-29T10:20:34+00:00 2025-07-29T12:25:51+00:00Comment
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