Property Update: If you want to make a deal as good as gold, then buy property only after seeing these 6 things
Important property Documents: Buying property is often considered a better investment option. In fact, a common man buys or sells property only 1-2 times in his entire life. In such a situation, it is very important that this major decision is taken without any problem. Let us tell you, a little carelessness on your part can also make you a victim of property fraud. Are you also thinking of buying property? So today in this news we will tell you about such important documents, by checking which you will never lose while buying and selling property. Let us know about these in detail.
HR Mandi Bhav News (Bureau). Most people like to invest along with savings. In fact, in today's time, as property prices are increasing very fast, people consider it a better investment option.
Often you must have seen that someone is buying a house and someone is investing money in commercial projects. So someone is buying land and building a house.
But let us tell you, as profitable as this deal is, cases of fraud are seen in it these days. Whatever the type of property, it is very important to check some property documents before buying. Otherwise the property and money will also be lost.
1) Title Deed: Before buying any property, it is important to see its title deed. Title deed means in whose name the property is registered (Property Registry).
How did he get the property? Has come as inheritance from the family (ancestral property), or has been purchased from someone. Overall, the title deal tells you who you are buying the property from. Whether he is actually the owner of that property or not.
2) Loan Clearance: The second most important document to buy any property is the loan clearance. It is important to know whether there is any loan etc. on the property you are going to buy.
Once you have purchased a property and there is an outstanding property loan, the bank can seize your property. Then you cannot cite that it was not known about.
3) No Objection Certificate: The third important thing that those buying land or house should pay attention to is the No Objection Certificate. NOC should be issued by the property seller.
This shows that there is no dispute regarding the property which you are buying (buying and selling property). If anyone has any objection to the property, he can speak about it at the time of purchase itself. Do not buy property at all without NOC.
4) Property Layout: If you are buying a house or commercial property, then you must check its property layout. Actually, it is necessary to get the layout of the house or shop passed by the city authority.
If you have purchased a property which has violated the layout set by the authority, then it may be demolished or demolished later. Therefore, seeing the layout paper is also one of the most important things.
5) Commencement Clearance: If you are buying a construction property like a house, flat or apartment, then it is very important to get its commencement clearance.
This means that the construction work of a particular property has been completed. Do not start living in the house without taking this document (property document) from the builder. This document states that there is no dues on the particular property and the necessary documents have been received from all the government departments.
6) Occupancy Certificate: Ask for one more thing from the builder when you want to move into the house. Occupancy Certificate, which certifies that a particular building has been constructed as per the prescribed standards. Approvals for basic facilities like electricity facility, water, cleanliness have been received. Along with this, you must also ask for a completion certificate, which shows that the concerned house has now become habitable.