Preventation from being a victim of property fraud

Q: Hey can anyone tell me necessary things to keep in mind while buying a property ?

Alex Stephen, Chennai

26th February 2014

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Replies (4)

Hey the most important thing to keep in mind is never buy a property for which you are not getting the Occupation Certificate.

Rubiya,

26th February 2014

Comment

@Alex : This document is also issued by the local governing body certifying that the building is in compliance with all the local rules and byelaws. It further certifies that the building is fit for occupation by people at large.

Gurmeet,

26th February 2014

Comment

Hey It is necessary that a buyer is fully-aware of all the legalities before buying a home. Buyers must always ask for the required documents from the developers before investing

Vivek Kulkarni,

26th February 2014

Comment

Hey Alex, always ask the developer for the Commencement Certificate issued by the local authority. This certificate proves that the developer has complied with all the byelaws and there is no dispute over the title of the land.

Pranab Malakar,

26th February 2014

Comment

Yes Pranab also, the document certifies that the developer can start with the construction as the required permissions are duly provided.

Gurmeet,

26th February 2014

Always remeber to take care of the documents such as land registration papers and layouts but this research remains incomplete unless you ask for the Commencement Certificate.

Supratim,

26th February 2014