What to Notice before Buying a Residential Plot in Gurgaon?

Investing in a residential property is not an easy decision. It needs more things just than money and will! The most important thing is the documents and papers of the property. As you are investing in a property you should pay attention to the property’s terms and conditions.

As a buyer, you should ensure that your investment is safe and protected by the means of proper legal advice and the inspection of the records and the verifications of relevant property details.

So if you are planning to invest in a residential project in Gurgaon, then this article is for you. This article has identified a few points to which you need to pay attention.

The most important document is the title deed. This piece of paper shows that the seller is legally independent of the property. If you are buying the property try to review the original title deed, then clarify if the seller has full right to sell the property or not.

To monitor this thing all you need to do is search the title on a state government’s registration website and verify. To make things understandable hire a professional and experienced lawyer.

Then comes the encumbrance certificate. It is one of the mandatory documents for transferring property to provide evidence of free ownership, and for applying for a home loan. This certificate is mainly issued for a defined time and it is not applicable in respect of the previous or post-reported period.

Next comes the land use certificate, it is one vital document to keep an eye on while you are planning to buy a residential project in Gurgaon.  This certificate states the purpose for which the land is to be used.

You may also hear about the NOC. One of the most important documents to examine before purchasing an apartment from a builder is the certificate of no objection, which is provided by the relevant local authorities and certifies that the current plan is accurate and that it may be carried out as intended. It demonstrates that the structure or project has official permission and that no safety issues during construction have been reported.

So now you know about all the certificates and documents which are important while buying a property. Always check out these important documents before signing the deal.