Real estate investment advice

Q: I want to make money by investing in apartments. How can I pick apartments that are worth buying? What are the legal documents one should ask for before investing?

Girish KS, Chennai

31st August 2018

Buying property in Velachery, Chennai

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Replies (3)

Hi Girish ,
I recently brought an apartment in Sholinganallur. I was very well satisfied with apartment both in cost wise and also the amenities wise and I also suggest you to make a vist to Stepsstone Builders in Chennai they are genuine builders and they also make the documents section clean and transparent tranctions only.

Rajesh Kumar, Chennai

5th October 2018

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A few of the legal documents that you require for purchase or sale of property are given below. 1) Title deed or Sales deed, 2) Encumbrance certificate, 3) Khata, 4) Building Plan, 5) NOC from the concerned departments such as NOC from fire-fighting department, environmental department, and Airport Authority, 6) Last tax paid receipt, 7) check for banks approval etc

Ananth KV, Chennai

7th September 2018

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Hello Girish,
The first and most important thing to keep in mind before buying a property is to verify the property documents. These are - 1) Title Deed, 2) Sanctioned Building Plan, 3)Occupancy Certificate, 4)Last tax paid receipt, 5) Encumbrance Certificate, 6) Khata or Mutation Documents etc.

Uday kumar, Chennai

7th September 2018

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