Prop­erty buy­ers’ watch­list

HT Estates - - FRONT PAGE -

Check com­ple­tion cer­tifi­cate: If you plan to buy a flat in any group hous­ing project or a co­op­er­a­tive hous­ing so­ci­ety, en­sure that the so­ci­ety has got its com­ple­tion cer­tifi­cate, which is a pre­req­ui­site for own­er­ship of any prop­erty

Ver­ify en­cum­brance doc­u­ments: It’s im­por­tant to check cer­tain doc­u­ments, such as the lay­out plan and en­cum­brance doc­u­ments to con­firm if the de­vel­oper has fol­lowed the sanc­tioned plans and doesn’t owe any dues to any gov­ern­ment author­ity

Be­ware of dis­puted plots/flats: It is nearly im­pos­si­ble to check whether a plot/flat is un­der lit­i­ga­tion or not. When a dis­pute is raised and the mat­ter goes to court, that fact doesn’t re­flect in the rev­enue or mu­nic­i­pal records

En­quire from neigh­bours: While buy­ing a plot or flat talk to the res­i­dents as they can pro­vide vi­tal in­puts about the sta­tus of the prop­erty. Ac­cord­ing to ex­perts, this is the most ef­fec­tive way to find out if a prop­erty is un­der lit­i­ga­tion

En­sure the prop­erty dealer is cred­i­ble: If you are mak­ing the deal through a prop­erty dealer, do check his re­li­a­bil­ity and cred­i­bil­ity. His ID and PAN cards must be ob­tained and ver­i­fied. Get his sig­na­tures at ev­ery step of the deal and make sure he stays in­volved

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