Introduction:
Purchasing a property is one of the most significant investments you will make in your lifetime. It involves a meticulous process of legal checks and documentation to ensure a smooth transaction. Unnati Group, a trusted real estate company specializing in the construction of high-quality apartments, understands the importance of this process. This comprehensive guide outlines the essential documents you need when buying a property to help you navigate the process seamlessly.
1: Title Deed:
The title deed is the most crucial document that verifies the ownership of the property. It ensures that the seller has the legal right to sell the property and that there are no disputes regarding ownership. When buying an apartment from Unnati Group, we provide a clear and verified title deed to ensure that you have undisputed ownership.
2: Sale Agreement:
The sale agreement is a legal document that outlines the terms and conditions of the sale. It includes details such as the purchase price, payment schedule, possession date, and other essential clauses. At Unnati Group, we ensure that our sale agreements are transparent and cover all necessary details to protect both parties’ interests.
3. Encumbrance Certificate:
An encumbrance certificate is a document that certifies that the property is free from any legal or monetary liabilities such as loans or mortgages. It is crucial to obtain this certificate to ensure that the property you are purchasing is not under any encumbrances.
4. Building Plan Approval:
The building plan approval is a document that ensures that the construction of the property has been approved by the local municipal authority. This document confirms that the building complies with the legal and regulatory framework of the area. Unnati Group provides all necessary approvals to ensure that our projects are legally compliant.
5. Completion Certificate and Occupancy Certificate:
The completion certificate is issued by the municipal authority once the construction is complete and adheres to the approved plan. The occupancy certificate is issued after the building is inspected and deemed fit for occupation. These certificates are essential to ensure that the property is legally ready for possession.
6. Property Tax Receipts:
Property tax receipts are essential to ensure that the previous owner has paid all dues up to the date of sale. This document helps to avoid any future liabilities related to unpaid taxes. Unnati Group ensures that all our properties are clear of any tax dues. Verify the property tax receipts with the local municipal authority. Ensure that all taxes are paid up to the date of sale.
Check for any pending tax liabilities.
7: No Objection Certificates:
No Objection Certificates (NOCs) are required from various authorities such as the municipal corporation, electricity board, water supply department, and pollution control board. These certificates ensure that the property complies with all necessary regulations and has no pending objections. Obtain NOCs from relevant authorities. Ensure that the property complies with all regulations. Verify the authenticity of the NOCs.
Conclusion:
Buying a property involves careful scrutiny of various documents to ensure a legal and hassle-free transaction. Unnati Group is committed to providing transparent and legally compliant properties to our customers. By ensuring that all necessary documents are in place, we aim to make your property-buying experience smooth and secure. Whether you are a first-time homebuyer or an experienced investor, being aware of these essential documents will help you make an informed decision and safeguard your investment.
