Apartment Buying Checklist for First Time Homebuyers in Bangalore
Buying an apartment flat in Bangalore can be a significant investment. To ensure a smooth buying process, it's essential to know the things to check that can make all the difference. This guide will help you make an informed decision when buying flats in new projects like Godrej Parkshire in East Bangalore.
Make sure the following 13 documents are available before buying a flat:
Sale Deed: Confirms the property ownership from the seller to the buyer. Check property details and seller's name. It should be signed on non-judicial stamp paper and registered with the sub-registrar's office.
Title Deed: Shows the legal ownership of the property. Ensure the property is clear of all disputes and claims.
Encumbrance Certificate (EC): Shows the property's financial status and ensures there are no outstanding dues.
Occupancy Certificate (OC): Confirms the project is built according to the approved plan and is safe to reside in.
Completion Certificate (CC): Assures that the project is built as per approved plan and local building rules.
Property Tax Receipts: Check current property tax receipts to confirm there are no arrears.
Approved Building Plan: Verify that the building plan is approved by the local authority. Deviations can result in legal issues or demolition.
Mother Deed: Helps trace the property's ownership history. Verify it for a clear title.
No Objection Certificates (NOCs): Obtain NOCs from fire and water departments to ensure compliance with civic laws.
Land Use Certificate: Check the land type to ensure housing projects are built on permitted land.
RERA Details: Verify the project is registered under RERA. Confirm built-up area and project details on the RERA online portal.
Sale Agreement: Contains clear details of price and payment timelines.
Utility Bills: Ensure all utility bills are current to avoid legal issues after purchase.
Before buying from a builder, ensure the builder’s credibility through:
Finished Projects
Legal Handover History
Stability of the Builder
Online Forums and Reviews
Make multiple visits to the site and verify all the documents listed above before buying a flat in new projects like Godrej Parkshire, Bangalore.
Buying a property in Bangalore requires careful research, especially for first-time buyers. By following this checklist, you can ensure a smooth and safe purchase that meets your goals. Always verify each aspect before completing the deal.