Buying a flat can be a big step, and it’s crucial to make sure you’re making a wise investment. To help you on your journey, we’ve put together a simple checklist to guide you through the essential things to look out for when purchasing a flat.
Title Documents
Check for documents like government orders, sale deeds, and more, showing the history of ownership. Make sure everything is properly stamped and registered.
Nature of Title
Find out if the property is leasehold, freehold, or if there are development rights involved. If the seller claims development rights, ask for the development agreement and power of attorney. All these details ensure you understand your rights as the new owner.
Seller’s Identity
Verify the identity of the seller to make sure they are who they claim to be. This step helps avoid potential scams and ensures a smooth transaction.
Land Use Permissions
Check if the property has the necessary permissions for its intended use. Understanding the conversion of agricultural land and compliance with the Master Plan helps you make an informed decision.
Construction Approvals
For flats with constructed buildings, scrutinize the building and layout plans approved by municipal authorities. Ensure all necessary approvals are in place for infrastructure facilities, water, sewage, electricity, and more.
Occupancy Certificate
Ensure the seller has obtained the occupancy certificate, confirming that the property meets all legal requirements for occupancy. This step protects you from penalties and potential property demolition risks.
Encumbrance
Look for any registered encumbrances on the property by conducting searches. Issuing public notices can help identify potential claims from third parties.
Physical Survey
Undertake a physical survey to confirm property measurements, boundaries, and access. This step ensures you have a clear understanding of the property you’re purchasing.
RERA Compliance
This provides insight into the credibility of the developer and any complaints against the project.
By following this simple checklist, you’re on your way to a secure and informed flat purchase. Remember to take your time, ask questions, and ensure that every aspect of your new home aligns with your expectations. Urban Skyline Ravet Pune presents a prime opportunity for those seeking a contemporary living experience in a thriving urban hub. With its modern amenities, strategic location, and reputed developer, Urban Skyline Phase 2, the property for sale in Ravet Pune exemplifies the essence of a secure and informed flat purchase. So, as you embark on your house hunting journey in Ravet, remember to leverage our checklist to ensure a seamless and rewarding buying experience. Happy home hunting!