Real estate India-make a fare deal
Real estate India-make a fare deal
Keeping the above gross major irregularities in view, the government has lashed heavily on fake builder & developers and planning to make a land board thereby making mandatory certain rules and regulations before releasing such unscrupulous & false ads as may dupe cheat the innocent buyers and mislead the public at large in market of real estate India.
Documentation of a property plays a pivotal role particularly when a person (s) is buying it. However, the following may please be ensured before buying a property:-
- Clear title in the name of seller (s) with approval of change of Land Use (CLU) wherever applicable-
- Whether the flat/house has been constructed as per the approved plans/norms.
- In case the seller (s) is a 3rd or 4th party, the entire past document must in proper sequence. If any sale deed/document is missing form the sequence, the seller should be told to complete the same before finalizing the deal.
- Credential of builder be checked based on past projects, if any or through the architect/contractor concerned about the quality or construction.
- After satisfyi9ng all such points, ensure to get prepared the following documents:-
A) Registered Deed on payment of applicable stamp duty (to be signed by all sellers with photos).B) In case of power of attorneyü Power of attorney. ü
Sale deed. ü Agreement of money ü Special power of attorney. ü Receipt of money ü Affidavits (as applicable). ü Ensure to take all previous documents in complete sequence when the seller is 2nd/3rd/ or 4th party. To keep these entire things in mind could help you to make best deal and to understand the market of real estate India.