User talk:Sebastian.sanal

Things need to check before buying a Flat in Bangalore.
Things need to check before buying a Flat in Bangalore.

If you want to purchase a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout search, etc. Approved plan of the building along with the number of floors.Ensure that the floor that you are buying is 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 the title of the land ownership with the help of an advocate.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.Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?Check the reputation of the builder.Ensure that urban land ceiling NOC (if applicable) has been obtained or not.NOC from water and electricity authorities also have to be obtained. Actually if u r going to get a loan from, half of the document verification will be done by their legal dept. only...don't worry...check the property details like super built, carpet area etc...

Here is the list of documents required to verify. ◾Absolute sale deed in present seller’s name ◾Khata certificate & extract from BBMP ◾Latest tax paid receipt ◾If any loan outstanding on the property, latest statement from bank ◾Encumbrance Certificate from date of purchase till date ◾Agreement of sale & construction executed by developer in favour of seller ◾Latest electricity bill & receipt for the said flat ◾NOC from Apartment Association ◾Sanctioned building plan ◾Possession/occupancy certificate from builder ◾All title documents of land owner ◾Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder ◾Whether originals are available for inspection if no loan is taken? ◾A Copy of all registered previous agreements (in case of re-sale property) ◾RTC (Records of Rights and Tenancy Corps) or 7/12 extract ◾Conversion Order issued by the concerned Authority ◾Registered development agreement (If in case of Joint Development Property) ◾Power of attorney/s if any ◾Photocopy of Society share certificate & Society registration certificate.

If u still need more clarification pls do contact an advocate before you purchase a property so that he can advise you. here is some of the expert contact details.

Mr.Thomas:+918792224453 thomaspv84@gmail.com or sebastian.sanal@aol.com