Many homebuyers are caught unawares when the property seller dupes by way of fraudulent documents. Since, such incidences have been on the rise, it is best to have a ready reckoner or a check list of relevant documents for home buyers in Bangalore. If you are keen on buying plots for sale in Chikkaballapur then choose builders who already have their paperwork ready. With a relevant list, homebuyers will stand to gain confidence. Moreover there will be no legal hassles following a purchase with discrepancies. Whether you are buying a plot or a fully furnished apartment, it is important to ask for relevant documents from the builder and property seller. The documents will not only act as proof of the purchase but will also help while selling the property. Most of the buyers and builders do not have proper information regarding the documents that needs to be made in order to complete the transaction. It is in such a situation that the chances of becoming a victim of fraud increase. If you are looking for plots in north Bangalore for sale, then bookmark these points before sealing the deal.
Not every builder is a cheat
Every builder who is a part of the real estate sector is doing legal business. However, there are a few rotten apples who are spoiling the name of the sector. But for all practical purposes authenticity of paperwork is required. It may be a time-consuming process but will save the heartburn later. Reputed builders who have been in the market for long are offering plots for sale in gated community north Bangalore. They have already done several projects where families live in harmony for decades. Opting for a builder who has always done paperwork with the agencies concerned and from whom he has purchased the land is the right one to deal with.
What you need to have before buying villa plots in north Bangalore:
Sale deed- It is a legal property document and is proof of transfer of ownership. It is equally important during property sale.
Description of Property Document- This shows the measurement of the land along with the ownership details according to a particular survey number or a sub-survey number. It informs the status of land.
Khata certificate- It is required for the registration of a new property and in situations of transfer of the property. The Certificate and the Khata Extract have the details provided by the assessment registrar.
Description of Property Document- This contains the information gathered from the extract from the mutation register, in other words, the inheritance certificate with details of previous owner, the mode of acquisition, detail of present owner.
The local authorities issue building plan sanction-.It has the building plan approval and the permission issued for the construction of buildings, which is essential.
No objection certificate– Key government departments issue this vital certificate. From example if the makers do not get NOB from the pollution board then the construction cannot start.
Occupancy certificate- Last but not the least, this document ensures that the property is fit for occupancy. However, this certificate is received only after the completion of the construction.
With the following checklist, you are equipped to deal with any real estate developer in Bangalore and get the best deal as a homebuyer.