Real Estate Forum on Documents For Buying Property

Latest Answer: Hi, When i bought my property in 2010, i consult a property lawyer and he gave me a list of documents that i needed to furnish from the builder, he checked them and gave me a written opinion that the documents are in order and hence i can go ahead for buying. These are 1) Sale Deed, 2) Latest tax paid receipt, 3) Mother deed, 4) Encumbrance Certificate, 5) NOC from fire fighting dept., forest dept. and airport authority etc., 6) sanctioned building plan, 7) Title Document, 8) Approved lay out plan, 9) Conversion Certificate, 10) Commencement Certificate, 11) completion certificate and, 12) Occupancy Certificate.

Latest Answer: Hi Sanjay!! Ask for copies of all necessary permissions prior to making any financial commitment. Check the following documents and clearance certificates to avoid getting into any legal mess in future: These are 1) Land record documents, 2) Construction clearances, 3) Approved lay out plan, 4) Land use certificate, 5) Master plan of the area and, 6) NOC from multiple department.

Latest Answer: 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?

Latest Answer: Apart from that there are certain essentials that make the selection process an easy and productive one. 1) The age of the property should ideally range between 1-5 years to a maximum of 10 years. 2) Know about the reputation of the builder and the quality factor associated with his past developments. 3) Understanding the reason behind the sale will help in uncovering the problems and issues with the property, if any. 4) Considering the surround environment, proximity to important areas and amenities available in the vicinity also affects the final decision of purchasing a resale flat.

Latest Answer: HI everyone, I am plaining to invest in ELen Marcado assured monthly returns. can anyone please tell me it is safe to invest in this project. Is anyone getting monthly returns or the cheque is bounce. Please advise

Latest Answer: Hi everybody, Can you tell me which are the that one should check within the project/unit before taking the possession of the property?

Latest Answer: While paying the token amount you should ensure that the following documents are in place: a receipt for the payment made, a sale agreement mentioning the token amount, a construction agreement mentioning the period, schedule and stages of construction. A four partite / tripartite agreement if you are going for a bank loan, the bank will have a checklist mentioning all these. Regarding the legal documents you should consult an advocate before you proceed. Because even though the basic documents are same, some papers vary from project to project. An approved project with a bank means the project has clear title.

Latest Answer: Hi Lokesh, documents to check for when buying a land: 1. Title deed : The deed should be in the name of the seller. 2. Encumbrance certificate : To know that the property is free from legal dispute. 3. Release certificate: To ensure that if any loan was taken against the property then it has been cleared.

Latest Answer: Prashant, you can check for approved plan of the building along with the number of floors; make sure that the floor where you have booked your flat has been approved. -Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check that the title of land ownership is free and clear.Check the building byelaws as applicable in the area to make sure that there are no violations of front setback, side setbacks, height, etc. -Check specifications given in the agreement to sell to ascertain whether the builder is providing the same as promised. -Conduct a thorough background check of the builder and his reputation. -Ensure that developer has obtained all the necessary NOC's from the respective authorities such as urban land ceiling NOC if applicable as well as NOCs from the electricity water and lift authorities has been obtained. Also, check the above documents are in place or not.

Latest Answer: The documents needed in buying a residential property are Title Insurance, Homeowner’s Insurance Policy, Allotment Letter, Lender’s coverage, approved layout plan, approved building plan, original sale deed, Completion Certificate, etc. As per my knowledge it is same, but confirm once with concerned authorities. Get all these verified by a lawyer first and then proceed with your deal. If you are interested you can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.