Before buying a flat from a builder, it's crucial to perform a thorough legal, financial, and technical check. It is to ensure the property is safe, legally clear, and aligned with your needs. Here's a comprehensive list of documents to be checked before buying a flat from builder:
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Builder’s Reputation and Credentials:
Investigate the builder's reputation and track record by researching past projects and their delivery timelines.
Check for any litigation, delays, or disputes related to the builder’s previous projects.
Review customer feedback and testimonials from previous buyers.
Legal Approvals and Clearances:
Title Deed: Ensure the builder has clear ownership of the land where the project is constructed. The title should be marketable and free from any encumbrances or legal disputes.
Land Use Certificate: Verify that the land has been converted for residential use (especially if it was agricultural land earlier).
Building Plan Approval: Ensure the building plans are approved by the local municipal authorities and match the flat you are purchasing.
Commencement Certificate (CC): This certifies that construction started as per the sanctioned plan and legal requirements.
Occupancy Certificate (OC): Once the construction is complete, ensure that the builder has an OC certifying that the building is ready for occupancy and complies with all regulations.
Construction Quality:
Assess the quality of construction materials used in the project.
Ensure that the plumbing, electrical wiring, and safety features (fire exits, alarms, etc.) meet the required standards.
Apart from all this, you must also check promised amenities, layout and building plan, financial and payment details, sale agreements, RERA Registration, possession date, NOCs and permissions, property taxes paid or not, and so on. I hope you get an idea of what documents to check before buying a flat from builder.
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What are the things to check before buying a flat from a builder?
Gitika
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4 Year
2020-09-10T17:09:35+00:00 2023-10-18T16:57:21+00:00Comment
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