Buy house, shop or other property only after verification of all documents

A middle class person invests his lifetime savings to buy his dream house. And those who do not have enough savings take a loan and keep repaying the loan for years after buying a house. For any common man, buying his own house is as difficult as chewing iron gram. Be it in big cities or small towns. We often hear that after taking money from the buyer, the builder did not complete the building after many more years than he had asked to build the house. Then the builder ran out of money, he sold one flat to six, six, seven, seven people. etc. This is why it is essential to consider certain things when it comes to buying a house. Experts give information about it saying...,

Generally, people book a flat after seeing the credit of the builder. But this is their biggest mistake. While buying a house, shop, office, bungalow etc. it is necessary to check the related documents. Not only this, one should also check the credibility of the builder by going to various forums. If you want, you can share information about his previous projects and also interact with the online community. He further says that first of all, check the title deed of the plot on which the project is to be built. Through the title deed, the buyer or investor gets to know. Whether the builder has the right to transfer ownership of the property he is selling to him. Moreover, if there is any case going on on the related property, it will be known. Take the help of a lawyer to check the title deed.

The builder has to obtain No Objection Certificates from different departments at different stages of construction. Like PWD (Public Works Department), Forest Department (Forest Department), Transport Department etc. Also the buyer should insist to see the commencement certificate. This certificate allows the builder to start the actual construction work legally. According to experts, construction work done without a start certificate is considered illegal.

Experts give more information on whether you should risk investing in a property that is in litigation or has legal or financial liabilities. Builders and brokers usually hide this from buyers and investors. Investors should be cautious and insist on seeing the Obstacle Certificate. This will give an idea whether the property is encumbered by any legal proceedings.

The news of cheating buyers of houses or shops is not new. So the buyer should check all the documents before buying the house, shop, office etc. It is equally important to see whether the layout plan has also been approved by the concerned department officials or not.

- Vaishali Thakkar