What documents need to check before buying under construction flat?

List of documents required for under-construction property loan

1. Khata Certificate and Khata extract.
2. Sale deed.
3. KYC (Know Your Customer) documents for income proof.
4. No Objection Certificate (NOC) issued by the builder on their letterhead.
5. Agreement with the builder, duly registered and stamped.

What documents do I need from a builder?

Must-have Documents from builder after Property Registration

• · Allotment Letter. The Allotment letter is an important document that a buyer should obtain from the builder.
• · Builder-Buyer Agreement.
• · Copy of Possession certificate.
• · Allotted Parking.
• · Tripartite Agreement.
• · Power Back-up details.
• · Full payment break-up.

What to check before buying a property?

10 things to consider before buying a property

1. Owning a home is a dream for many average Indians. They invest their hard earned money into this brick and mortar structure, called the house.
2. Location.
3. Lifestyle.
4. Connectivity & transport.
5. Clear title deed.
6. Basic infrastructure.
7. Social infrastructure.
8. Construction quality.

What is a builder buyer agreement?

A builder-buyer agreement is a legal contract that contains the terms and conditions that the buyer and the builder have to comply with.

Can I buy resale HDB before selling private property?

After selling your private property, you are allowed to buy a resale HDB flat. That means you can buy a resale flat even before selling your private property, so long as you sell it within six months. You can also take a bank loan to finance it.

What documents should be checked before buying a plot?

Also, it is imperative to be legally compliant while investing in a future asset.

• Sale Deed. This is the most important document required for purchasing a plot.
• Khata Certificate/Extract.
• General Power Of Attorney.
• No-Objection Certificates (NOC)
• Allotment Letter.
• Sale Agreement.
• Possession Letter.
• Payment Receipts.

What documents to check before buying a flat from builder?

Here are the documents to be checked before buying a flat from builder: Firstly, the property documents check before buying property is this document which will tell you whether the builder owns the property being sold and has the right to sell the property and the freedom to transfer ownership.

What are the legal documents required when buying a resale flat?

It is the most important document that you have to acquire after the title of the flat is transferred to you by the seller in the form of Title Deed. It is essential to go through all the terms and conditions before signing this core legal document. Possession Certificate – The certificate is required while purchasing a privately built resale flat.

What documents do I need to provide when buying a property?

You will be asked to provide these at the time of its legal verification. Encumbrance Certificate – Make sure to check the Encumbrance Certificate (EC) which ensures that the property has no dues, the title of the property is clear and marketable, and it is not partially sold to some other person.

What to check before buying a resale property?

A homebuyer must check mutation deed and attain a copy of all previously registered agreements in case of resale property. Home loan clearance document must be verified. Another important document to cross check while buying a resale unit is the latest statement from the financial creditors, including banks.