A lot of buyers have faced issues with homes that were under construction, so the government has provided with a new law that protects the interest of the home buyers. To help buyers trust a real estate agency, the agency often provides the buyers with possession-ready or ready to move flats in Hyderabad. However, there are a few documents that you should check before you buy a ready to move in flat and here are the documents that need to be checked:
- Building plan and Completion/Occupancy Certificate
You need to check the building plan of the property which will exist in its blueprint after the project is completed. This document is checked by the municipality before the construction starts, as it can help you in many ways for future developments and in case you face an accident. If your building plan does not include a feature that exists presently in the home, it could get demolished by the municipality in future. The completion/occupancy certificate is a guarantee document checked by the municipality which ensures that the house was made as per approved codes of the government.
- Sale Deed
Also known as title deed, this document is extremely important when a person buys a home because it will contain all the details regarding the transfer of the ownership from the real estate company to the buyer. It is a legal document so you will need to have witnesses and a lawyer who could help you in understanding the terms of the deed.
If you are buying a home from an owner you need to check Encumbrance and mutation certificate as it will ensure you that the owner does not have any dues or tax liabilities. It is important that you read all the clauses and ask your lawyer about the terms and conditions before buying a ready to move flats in Hyderabad that can provide you with a peaceful home life.
Commercial Real Estate Agencies 