Things to check before taking possession of your new apartments

Q: Which are the major checklist before taking possession of a new apartment/flat?

Deepankar Godbole, Mumbai

18th August 2015

Buying property in Mumbai

property registration

documents required for property buying in mumbai

checklist before buying property

checklist before buying flats

checklist before buying apartments

documents required for buying properties

checklist for resale property

checklist for under construction properties

tri partite agreement

joint development agreement

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Replies (3)

Hi Suraj,
I want to know that the same checklist required for resale property or there are few other documents that a buyer should ask for?

I heard that documents such as sale agreement, sale deed, mother deed and tax paid receipts by the builder on total saleable area are to be obtained at the time of property registration, in case of under-construction property. What is your view?

Sanjeev C, Bangalore

18th August 2015

Comment

Right Sanjeev.......if it is a under construction property then you must ask for the above mentioned documents.

Checklist for resale Property:- Most of the documents are the same as the above with the following few differences such as all the above mentioned documents are to be obtained at the time of registration, Up-to-date receipts of property tax paid by the owner GPA in case of another person authorised by the owner for selling the property and handle all transactions, Transfer certificate.

Sreenath, Chennai

18th August 2015

I am agree what Sreenath said. 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.

Suraj Kalled, Pune

18th August 2015

Comment

Thanks Suraj,
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.

Sreenath, Chennai

18th August 2015

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

Joydeep D,

18th August 2015

Well Joydeep,
Joint Development Agreement:-It requires if there are two or more parties jointly involved in the project’s 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.

Suraj Kalled, Pune

18th August 2015

Now-a-days buying a home is the absolute dream of most of the people since ancient time 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. There are certain things which buyers should know before taking buying decisions. These documents are for New/Under construction properties :- Encumbrance certificate, Commencement Certificate, No Objection Certificate, Completion Certificate, Occupancy Certificate, Khata, Joint development agreement (if any), General Power of attorney (GPA), Building plan approvals, Allotment letter, Tri partite agreement (if any).

Suraj Kalled, Pune

18th August 2015

Comment

It's very true Suraj,
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.

Sreenath, Chennai

18th August 2015

Hey Folks,
Can you tell me which are the that one should check within the project/unit?

Kishore Pathak, Mumbai

19th August 2015

Hey Kishore,
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.

Suraj Kalled, Pune

19th August 2015