Documents – Important Details To not miss out on when looking for apartments in Mumbai.

Buying your own home or property is a dream for many. In today’s time property in Mumbai is becoming very expensive. However, one has to make sure to check the documents thoroughly before purchasing their own property. There are various kinds of property, either it could be residential or commercial. It can also be directly from the builder or it could be from a person who owns the house and has bought those flats in Mumbai from the builder first. In every case the cost involved will be different. It is usually a little more for those who have purchased it directly from the builder as a lot of government payments and regulations are involved. Whether you are planning to buy a 3 BHK in Mumbai or a small one, every type needs some crucial documents. Let’s discuss the various types of documents one must check prior to purchasing their own property or home in Mumbai.

1. Draft Agreement or Sale deed
   If you are purchasing the flat from reputed builders in Mumbai, this would not be that much of a problem. However, if you are purchasing it from an owner it is better to check the sale deed thoroughly. There are some cases in which the owner might have a home loan pending so the sale deed or draft agreement must be checked thoroughly.

2. Occupancy certificate - This is also called as O.C. Whether it is a 2 BHK Flat in Mumbai or 1 BHK flat not having the O.C could lead to challenges while selling the flat in the future. The occupancy certificate signifies that the flat is not having any pending dues or liabilities towards the society.
   
   
3. Flats measurements and survey report - This is also very crucial. Nowadays, it is very important that the construction should be RERA Approved.
   
   
4. Bills - When you buy flat in Mumbai, it is very significant to check if the telephone and electricity bills are on your name. So, ensure that this process goes on smoothly.
   
   
5. Master Plan of the area - Builders usually spread the wrong information through their advertisements. So, the correct square feet has to be checked. Reputed, real estate companies in Mumbai might give you perfection in this case.
   
   
6. Share certificate of the society - This is another crucial aspect to note when buying apartments in Mumbai.
   
   
7. No objection certificate - This is important as in this case no objection certificate or NOCs are required from many concerned departments such as Fire Department and NOC from the state pollution control board as well.
   
   

Whether you are buying 1 BHK flat in Mumbai or 2 these are very significant. In Mumbai or any other city these documents must be checked. Many builders and developers in Mumbai have now made RERA Approved very important.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Dec 2nd 2019 11:34. Viewed 610 times.

Share on APSense

Comments