Before you purchase a property, it is necessary to check title of the seller and also the relevant permissions in respect of the property to be purchased. The check list for verification of documents while purchasing under construction/ready possession property directly from the builder/developer is different than the checklist while purchasing a resale property in a registered society or apartments owner’s association or a Pvt. Ltd. Co. as the case may be.
When you are buying a flat from a builder in a building under construction, you have to check the following:
1. Approved plan of the building along with the number of floors.
2. Ensure that the floor that you are buying is approved.
3. Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate.
4. Check the building byelaws as applicable in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.
5. Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?
6. Check the reputation of the builder.
7. Ensure that urban land ceiling NOC (if applicable) has been obtained or not.
8. NOC from water and electricity authorities also have to be obtained.
9. NOC from lift authorities.
