Ready to move flat have something special about them as you can physically have a look and feel of your going to be home as compared to under construction projects which are yet to take a shape. Here we are not judging or supporting to buy only ready to move in properties, there are heaps of promising under construction projects which are worth waiting for. However, if you are in a hurry to shift into a new apartment there are few points that need to be addressed before making that “Payment”.!
Sale deed
A sale deed tops the checklist while verifying documents for your new Ready to move flat. It is the core legal registered document, which acts as a proof of sale and transfer of the property. It is advisable to read the fine print and check all terms and conditions before signing the deed.
Completion/Occupancy Certificate
A Completion Certificate (CC) is issued by the municipal authorities on the completion of the project. Meanwhile, an Occupancy Certificate (OC) is issued by a local government agency once a project is completed and deemed fit for habitation. This certificate reads that the property has been built in accordance with the approved codes and other laws making it suitable for occupancy. Both these documents are mandatory while seeking loans from banks and financial institutions or while applying for water, sanitation, and electricity connection.
Building plan
Building plan is another document that needs to be cross-checked before finalizing a property purchase i.e. Ready to move flat. Usually, a building plan is approved by the local municipal authority. Also known as a site plan, this document will contain a blueprint of the project, equipment layout, and utilities. Buyers must ensure that the layout of the building or project has been duly approved by the local authorities. Any unauthorized or additional construction runs the risk of being demolished or denied occupancy later on.
Encumbrance certificate
It is also important to verify that the property does not have any dues for which a buyer must check the encumbrance certificate. An encumbrance certificate provides evidence that your property has no monetary and legal liabilities. The certificate can be obtained from the sub-registrar’s office where the property has been registered.
Mutation certificate
Property mutation document identifies the owner of the property in government records and establishes their tax liabilities. It is necessary to be an informed homebuyer as it will help avoid legal hassles in the future. Buyers are advised to seek help from a legal expert for vetting all documents.
Home buying is a very important affair in most people’s lives you must examine the property carefully before putting in your hard earned money.
Sankalp Tatvam at Ajmer Road is one of the finest ready to move apartment project offering fully furnished 1 BHK Apartments with host of amenities and an active community of over 200 families.
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