what are the documents to check before booking a flat | don't forget to check these documents
TRANSCRIPT
DON'T FORGET TO CHECK THESE SIX DOCUMENTS WHEN BOOKING A FLATBy- Paarth Infrabuild Pvt. Ltd.
Certification of the Plot
Size of the flat
NOC
Certificate of Commencement
Construction approval
Real estate investments are high and always create a hole in your pocket, but with time it not only covers the hole in your pocket but also adds profit to it. This is only possible when you book flats or apartments with valid documents. You will find a number of flats for sales in Lucknow, but not every flat can display valid certification for building purpose. You should always check the documents in order to avoid bad investment.
1. CONSTRUCTION APPROVAL:
Before buying any apartment check the whether the plot is approved or not. Many a time is has proven that the builder often put up fake papers, so it advisable to check with the government authorities. A. Title deed: Builders right over the plotB. Verification of land use: Contact the local
authority in the city for the purpose.C. Property tax receipt: In the case of buying pre-
owned property.
2. CERTIFICATE OF COMMENCEMENT:
This is the basic certification required to start any construction, without this certificate it’s unlawful to excavate the plot. The town planning and engineer department run a quick inspection of the plot to ensure the boundaries being set as mentioned in documents, to construct the building. If only the builder pass the inspection, the certification will be awarded. Before applying for this certificate of commencement, the builder also requires certain government permission and sanction letters.
3. REGISTRATION: According to the laws you need to register your selected property with government authorities. Unless you register you do not have any rights on the property, so register the sales deed to be the rightful owner also keep in mind the date of execution of the deed. Ensure you thoroughly checked the contingencies of the plot as this might later obstruct the development process. Also, do some researches on the builder record to avoid any kind of issues.
4. NOC (NO OBJECTION CERTIFICATE):
No objection certificate is one of the most important certifications issued by various government departments like airport authority, electricity department, corporation water department, pollution control department. The certificate authorizes that the property can receive the service from these boards and does not obstruct the air traffic. The builder is supposed to share a copy of NOC as per laws.
5. SIZE OF THE FLAT: You may have seen that many real estate brochures mentions the square feet of their apartments for example one bedroom apartment 700 square feet, but this can be the super built area which incorporates of the lobby, staircase, and entrance that is usually 30 % less than the carpet area. Always calculate the square feet of your property by carpet area, so that you have a clear insight about it.
6. RECHECK THE CERTIFICATION OF THE PLOT:
The plot may have been a litigated property or may be agricultural property, do recheck the certification of mother deed, sales deed and conversion certificate (in the case of agricultural land). Apart from this, ensure the ‘Khata Certificate’ and ‘Khata Extract’ because if the landfall shorts due to any reason, it will affect the super built area and carpet area too.
Always check the locations future perspective such as metro communication or flyover, this helps you to get a better return on your investment. Moreover, the agents always come up with separate costs like parking fee or charges for using amenities or indoor club fee and many more, always ask for an overall cost of comparing your investment on that location. All banks do not approve loans for all housing projects; look out for banks who can offer loans at the lowest rate of interest.
If a buyer is considering to buy a flats/Apartments in Lucknow, has to remember documents you need to check while making a final decision. Such buyers can explore some of the projects offered by renowned promoters like Paarth Infrabuild who have built Arka, Aadyant, NU and many more flats in Lucknow for sale.
Paarth Infrabuild Pt. Ltd.
3rd floor, Eldeco Corporate Tower,Vibhuti Khand, Gomti Nagar,Lucknow:-226010, U.P.Phone: 0522-4935900M. Number:9711002647
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