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Legal aspects before buying 2 Bhk apartments In Thanisandra - CoEvolve Northern Star

by Coevolve group Employee

Investing in a new house or flat is one of the most crucial decisions of your life. It requires years of saving and years of planning before you make the final decision. Therefore, it is required to keep all possible points in mind before you take the leap and make a selection. 

You need to be extra careful before dealing with buying 2 Bhk apartments for sale in North Bangalore. There are some more parameters that need to be looked into while purchasing a new flat.

Important legal aspects to be kept in mind while buying a 2-bhk apartment

  • Property Price

The first step that goes into buying flats for sale in Thanisandra is to shortlist a place according to your budget. You will then have a clear idea of how much you are willing to spend on it and compare the short-listed flats for sale in Thanisandra Bangalore from CoEvolve Northern Star, according to your requirements and feasibility.

  • Building approval plan

 As a property buyer, it is your responsibility to check whether the building plan is        sanctioned by the Building Development Authority of that area or not. For example, if you are buying a flat in Bangalore then check that the plan is sanctioned by Bangalore Development Authority (BDA), or BBMP (Bruhat Bangalore Mahanagara Palike), or similar state government development authority.

  • Check if the property is genuine or not

It is your responsibility as a buyer to check whether or not the eco-friendly apartments Bangalore North you want to settle for have all the required legal documents or not. Also, check the documents that are verified by the Building Development Authority of that area or state.



  • Land Record

Check the land record of place on which your property stands on, for example, soil quality, topography, earthquake-prone. And the most important is to check all the details regarding the ownership, rights, and obligations of that property.

  • Financing Banks

Buyers should be aware of the financing banks that are involved in the financing of that property. Banks do not grant loans to builders if they are involved in bad, illegal practices.

  • Have a talk with the residents 

It is your right to know about the history of the apartments near Manyata Tech Park you are willing to buy. If the flats are listed in any criminal records, or the previous owners had any difficulty or complaints with the acquired flat then look for other options.

  • Verify your Broker’s ID

It is important to check that the broker you are involved with has a valid legal identity. There have been many cases registered about being cheated by fake brokers and selling of false property rights.

  • Check all the Do’s and Don’ts

Have a talk with the owner of your flat and ask him about any restrictions about the place you are willing to buy.

Conclusion 

All the important points listed above must be kept in mind before buying any property. If not, then there is a serious possibility of landing into trouble regarding legal aspects. As you are putting your hard-earned money into buying a property, it is your responsibility to check and verify every possible detail regarding buying a property.

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About Coevolve group Innovator   Employee

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Joined APSense since, June 20th, 2019, From Bangalore, India.

Created on Oct 5th 2019 00:56. Viewed 295 times.

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