What are the precautions to be taken while purchasing flat/ apartment?






Newton Newton
Answered on December 10,2019

While purchasing flat/apartment, the following matters may be verified and ascertained that they are correct:

  • Agreement to sell with promoter should be compulsorily registered in Sub Registry Office, there after sale deed also should be registered.
  • Permission for construction of flat/apartment and sanctioned plan should have been approved by City development authority/ Corporation / Municipality / Panchayat.
  • Whether promoter/seller has right to sell the property.
  • If sale transaction is by a General Power of Attorney holder whether general power of attorney is valid on the date of transaction/sale deed.
  • Flats/apartments constructed in violation of sanction plan should not be purchased.
  • Verify whether occupancy certificate is obtained from the local authority.
  • Verify whether deed of declaration and Co-operative society or company is formed and registered.

tesz.in
Hey , can you help?
Answer this question