"Ask for copies of all necessary permissions prior to making any financial commitment. Check the following documents and clearance certificates to avoid getting into any legal tangle in future: 1. Land Record 2. Construction Clearances 3. Approved Planning 4. Land Use Certificate 5. Master Plan of the Area 6. No Objection Certificates (NOCs)"
Hi Shefali, Apart from above said documents , you should also check Builder/Buyer agreement, Possession certificate, conversion approval, Authority Approval, conveyance deed, Allotment letter, Environmental clearance, Airport Authority Clearance. Be sure to cross check all documents before buying or investing in any real estate property. Better to take legal advisor help while verifying these all documents.
Hi Shefali, buying the first home is really a tricky job, but believe me this is the best investment of your life time. Few important things you need to keep in mind are do not buy a property if the title of property is not clear. If title is not clear or marketable it will cause problem in future and financial institutes refuse to finance on such properties.Ensure that seller of property has all documents relating to property. If possible ask for copies of original documents and get them verified by your legal advisor or lawyer.Get copy of approved layout for the building from your builder or seller of property. Ensure that building plan and construction is approved by the authorities and property is listed in government register.For further reference you can also check out this link Checklist for Buying a Property