Good evening buddies,
I am going to move into an apartments after a month as i am getting possession of my properties. I just want to take the advice that which are the things that one should check within the project/unit before taking the possession of their property?

Sanchita Chanda, Ahmedabad

19th August 2015

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Hello Sanchita,
Amenities, lifts and common areas, features and fittings, doors and windows, wall paints, look for cracks, drainage outlets, check for leakages, check switches and plug-points, obtain all sets of keys are the few things to watch within the project before taking the possession.

Abhinandsavalla, Mumbai

19th August 2015

Yep....it's true..........
But it will be more better if buyers classified the checklist into two categories. First and the most important part is list of documents to verify and things to check within the project and respective unit. Before taking the keys from the builder/owner. There are certain documents like Joint development agreement and Tri partite agreement (If any) which a buyer must ask from the builder.

Rajatrawal, Mumbai

18th August 2015

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Hello Rajat....
Can you explain the term Joint development agreement and Tri partite agreement? Why these documents are necessary?

Rakib, Lucknow

18th August 2015

Good Afternoon Rakib!!!!!!!
Joint Development Agreement:-It requires if there are two or more parties jointly involved in the projects development.

Tri partite agreement:- In case the builder has taken a loan to develop the property ask for land-use Certificate / Conversion Order, details of electricity, water and power backup, agreement by maintenance agency, car parking allotment and details.

Rajatrawal, Mumbai

18th August 2015

Hi everybody,
There are certain things which buyers should know before taking buying decisions. These documents are for New/Under construction properties :- 1) Encumbrance certificate,
2) Commencement Certificate,
3) No Objection Certificate,
4) Completion Certificate,
5) Occupancy Certificate,
6) Khata,
7) General Power of attorney (GPA),
8) Building plan approvals,
9)Allotment letter,
10) Tri partite agreement (if any),
11) Joint development agreement (if any).

Abhinandsavalla, Mumbai

18th August 2015

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Good Morning Abhi,
Now-a-days buying a home is the absolute dream of most of the people as it gives a secured feeling to an individual. But you all know the satisfaction that the buyers gets while taking possession of his home is simply unexplainable.

These can change from being an illegal property to poor construction quality to not providing the promised amenities within the said project. As a result, the buyer feels cheated. Therefore, to keep away from situation like this it is better that buyers do a complete check of the property they are going to take for possession. Those above mentioned checklist will help them a lot.

Vatsa Suman, Pune

18th August 2015

Right Vatsa.....
After signing the agreement and paying the initial amounts buyers have to wait for years-over-years. Sometimes, they have to wait for more than five years. Sometimes, the buyer may be victim by the builder / seller concerned who may have promised a range of amenities, features or the same at the start of construction. But at the time of handing over the unit to the respective buyer, there are several unfulfilled promises seen by the home buyer.

Abhinandsavalla, Mumbai

18th August 2015

Right Himangi,
Upon completion of construction, the builder receives a Completion Certificate from the municipal authorities. This certificate documents the location and land identification of the building. And it is this document that gives the full picture about the number of floors that have been approved by the authorities.

Neha Srivastava, Delhi-NCR

18th March 2015

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Similarly, the Sanction Plan gives some basic information about the number of flats approved and the height the building will be when ready and this cannot be known only through the Occupancy Certificate.

Himangi deshmukh, Delhi-NCR

17th March 2015

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Hello Everybody,
For safety purpose, a buyers must insist on the OC and cross-check it. As per the Bombay High Court ruling of October 2013, It is against the law to move into flats in buildings without the mandatory municipal occupation certificate.

khushisha, Mumbai

16th March 2015

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Upon completion of construction, the builder receives a Completion Certificate from the Municipal Authorities. This certificate documents the location and land identification of the building, and certifies if the building is in accordance with the Building Standards of the city. It includes distance from main road, distance from adjacent buildings, and height of the building amongst other approved norms of the municipal authority.

Abhishek,

16th March 2015

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Similarly a Occupancy Certificate is the permission to occupy a building, given by the municipal authorities, after verification of all supporting documents. Clauses to watch out for include adherence to building standards, fire safety standards for high-rises, elevator and other electrical safety provisions, water supply and disposal amongst others.

Govinda,

16th March 2015

At the same time the legal possession of the flat by the owner is valid only with the Occupancy Certificate.
This certificate is denied to a builder if he fails to follow to the PMC norms or fails to provide the basic amenities or undertakes construction not in accordance with the approved plan.

Abhishek,

16th March 2015

Hi,
Buyers in Mumbai always had several queries when it comes to cross-checking the documents before buying property. There are some basic documents that need to be verified before buying any property in Mumbai. These are Legal due diligence, Completion Certificate, Occupancy Certificate, approved lay out plan, floor plan, receipt copy of last tax payment etc.

Abhishek,

16th March 2015

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I appreciate your answer Abhishek,
To find out if a property has a clear title one must leverage the expertise of a lawyer specialising in the residential segment and ask him to do a due diligence search.

Govinda,

16th March 2015