Advocate for Agreement and Sale Deed

 Advocate
for Agreement and Sale Deed

Want to purchase a Flat? If Yes, Please Be
Careful so you may not fall prey to  the
frivilious offers by decietfull builders and developers.

While purchasing the Flat
Property you should take the following care/ due diligence.

1. Prefer a ready to move property rather an under
   construction property.If property
   is ready to move see that if the project has any tie ups with nationalised
   banks, if so the project is safe to invest because bank offers assitance to a
   project or scheme, after due diligence.Or
   else first thing to do is,to get the title search done.If title is clear than go for bank loan, because banks while
   granting loan takes due diligence while lending financial assistance. This
   again will be a safety check for verification and authentication of builder as
   well as project, if there are any existing encumbrances on the said property.If
   the bank is ready to sanction loan means there is absence of encumbrances like
   mortgage or lease.
2. The next comes in the checklist, is
   verification  with RERA.whether the
   builder/ scheme is registered with RERA, if so, confirm that he has not been
   blacklisted by the Authority.
3. Another thing to take into account while considering
   ready to move property is whether the scheme has been assigned completion
   certificate and occupancy certificate which validates, that it is ready to move
   property.
4. If it is under construction property before giving
   the token amount, check whether builder has got commencement certificate and
   other approvals from the  public authorities
   like MSEB,MUNICIPAL CORPORATION or N.O.C from environmental dept.as well as
   fire and safety department.

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CONNECT WITH VEDLEGAL

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