Want to Buy a Ready to Move Flat in Gurgaon? Check These Documents before Making a Purchase

1. Want to Buy a Ready to Move Flat in Gurgaon? Check These Documents before Making a Purchase After the implementation of RERA act in 2016 the buyers have become diligent about investing their earnings into the property market. The delays in completion of some of the projects have made ready to move flats in Gurgaon a better option. One prominent reason why people have started preferring the possession- ready residences is they do not have to wait for the completion of construction or other activities. Also, if the buyer cannot move to such flats they can at least use them for renting purpose. Buying of a flat is a huge expense and before you seal the deal a few documents must be verified, some of which are as follows– 1. Conveyance Deed –It is a document which proves the ownership of the property is transferred from one person to another. Both the sellers (usually a builder or a corporate real-estate company) and the buyers of the flats have to notarize the deed. Another term used for conveyance deed is sale deed. It is highly advisable to fully read it before signing. The most important section of the document is the title.

2. 2. Completion Certificate –Once the construction of a flat ends the builder has to apply for a completion certification at the local government authorities. This legal document certifies that the construction has been completed by following all the government norms and regulation. 3. Occupancy Certificate –Subsequent to the above is the occupancy certificate which authenticates the flat is safe for lodgers. For getting the building an occupancy certificate the developer is responsible.It is required when you apply for a home loan, sanitation, electricity and water connection. 4. Site Plan – It is the layout or the designs of the entire construction unit. This also needed to be approved by the municipal corporation. An addition to the building which is not included in the plan can be put down by the government. Ensure the building plan is approved by the authorities is vital.

3. 5. Encumbrance Certificate –Often the builder take loan from the bank for the erection. For ensuring the land is not under any legal liabilities or dues scrutinize the encumbrance certificate. All the prior monetary transactions on the flats in gurgaon for sale will be listed in the certificate. The document is issued at the sub-registrar’s office where registry took place. To avoid the legal issue in future looking through all these documents it mandatory. If are keen on buying a flat in Gurgaon with any of the documents are not available; don’t get alarmed because the city has ample of apartments which will definitely find another match.