4 things to keep in mind while purchasing property
It is very important to check the title of the land on which the property or project is situated. The Act makes it clear to consumers or investors whether the developer is the owner of the property for sale and has the right to sell or transfer the property. This deed will also indicate whether there is any dispute relating to the property. Get an attorney to help you check the title.
Rejection notice
These are permits or approvals and clearing certificates that manufacturers obtain from various authorities such as the directorate of rainwater and drainage, directorate of sewers, directorate of forests, directorate of environment, directorate of traffic, and coordination, etc. Construction phases in different bodies will have to be achieved. There you have to insist to see the startup certificate. This certificate gives permission to the builder to legally start the actual construction work. According to experts, any construction without a departure certificate is illegal.
Certificate of assessment
You would not want to invest in a property that has pending litigation or legal or financial obligations. Real estate agents and builders want to hide this fact from genuine consumers or investors. However, you must exercise due diligence and insist on viewing the deposit slip to confirm that the property is free from legal issues. Investing in a property with litigation and other problems is not worth it and can create a lot of problems in the future.
Distribution plan
With the rise of real estate scams, consumers should be careful to check all paperwork before investing in a new home, and If you want best apartments in Noida Extension , so It is essential to check that important documents like design drawings have been approved by the relevant authorities, as there are cases where builders have deviated from the approved plans and created problems later. Insist on checking the Habitability Certificate as it implies that the client has constructed the project as per the approved permit.
Purchase agreement
When you have completed all of the above procedures, check that everything promised to you is recorded in the sales contract. You must have all the construction details, payment details, apartment specifications, time limits, and penalties in case of default by one of the parties. Remember that by virtue of this sale agreement you may hold the developer responsible for any malpractice or deviation from the promised infrastructure.
Buying a new home is one of the best investment decisions in your life. By keeping in mind the things discussed above, you can be sure that your investment is safe.
Why you should choose Exotica housing
Exotica Housing is one of the leading Infrastructure companies in Delhi / NCR. It always provides quality products to its customers. It is the Top builder in sector 63 in Noida. It is a professional organization with trust and quality.
