Planning to buy a pre-launch project (2BHK Flat) in Bangalore... Kindly let me know what all documents we need to
Q: Planning to buy a pre-launch project (2BHK Flat) in Bangalore... Kindly let me know what all documents I need to cross verify from Builder, how to check the background of builder, as we initial amount what is the guarantee for that amount ?
We are delighted to know about your interest in buying a property. Our property “New Haven” & “Promont” is located at “Bangalore”. If you wish to know more about the project, please share your contact details so that our team can get in touch with you.
Things you must know before choosing a builder are a) Right Community, b) Resale value, c) Builder’s reputation, d) Builder Association, e) Compensation clause, f) Background Check etc
Documents need to be checked while buy a new or under construction properties are:- 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).
I would like to add few more points to what Karthik has replied such as Registered deed of conveyance, Land-use Certificate / Conversion Order, Details of electricity, water and power backup, Agreement by maintenance agency, Car parking allotment and details and Car parking allotment and details