Documents to Check before Buying a New Property in Gurgaon

Planning to invest in a property in Gurgaon? Well, while you are buying a property you must know Gurgoan is a great city to invest and it will bring much profit to its owner. As one of the most prominent cities in India, this city has faced huge growth and as the city financially grows higher, the property price here also grows higher than in other places.

So if you are planning to buy a property in Gurgaon, you must know all the legal processes which need to check out carefully. Possessing a property in such a city is not an easy thing, you need to check all the important documents properly, so you won't become a fool. This article is all about what kind of documents you need to check before buying the property.

The first priority of buying a property is the sales deed. According to real estate property dealers, is that it certifies the ownership of the title of the property. It has to be signed by the both parties, buyer and seller. You should sign the documents at least in front of 3 people you know and trust.

The next is you must have a copy of the building plan while you are buying an apartment or villa! This will help you to become assured that the property is legally constructed under all the set rules and laws of the government.

You must have the NOC while you are signing the deal. The No-Objection Certificate is one of the important certificates of any legal process. There are around 19 of NOCs which needed to be issued by various authorities for different purposes. Make sure your developer gives you copies of all the important No Objection Certificates.

One of the most crucial documents when applying for a loan is also this one. The encumbrance certificate certifies that the property in question is free and clear of any outstanding debts, loans, etc. Additionally, it contains all the specifics of the numerous transactions involving the property over time.

So whenever you are planning to buy property in Dwarka Expressway or in anywhere in Gurgaon, you must look for a good builder where you can purchase a property without harassing yourself.