Property Document: Before buying a new house, make sure to check these documents, otherwise you will be cheated..

Are you also thinking of buying your own house? If yes, then while buying a house, you should read all the paperwork carefully and look at it with great caution. Most people are not experts in buying a house and do what the builder says. However, if you are not able to understand, then you can also take the help of a lawyer. Let us tell you which documents you should keep in mind while buying a house.

Sale Agreement:
This document gives all kinds of information about the property such as terms and conditions, possession date, payment plan, specifications, details about common areas and amenities, etc.

This agreement also holds the developer responsible for the construction. This document has to be submitted in original to buy the property and get a home loan.

RERA Registration Certificate:
After the Real Estate (Regulation and Development) Act, 2016 came into force, every under-construction project is required to be mandatorily registered with the Real Estate Regulatory Authority (RERA) of the respective state.

While registering an under-construction project, several documents and details/information related to the under-construction project must be submitted and uploaded by the promoter with RERA.

Occupancy Certificate:
The most important document to check before signing is the Occupancy Certificate (OC), which is a certificate issued by the authority stating that the unit is legally permitted to be occupied by the relevant planning authority.

Such a certificate may be issued for a part of the project and hence the buyer must ensure that the flat proposed for acquisition falls under such certificate.

Encumbrance Certificate:
The encumbrance certificate helps to ensure that the property is free from any kind of dispute on its title and there is no loan or mortgage against it which the buyer intends to purchase.

Ownership Certificate:
The Ownership Certificate is issued by a lawyer with proper experience, who after verifying the ownership documents of the owner of the land on which the project is proposed to be constructed, claims to be the owner of such land, has full ownership thereof as the sole proprietor with or without any encumbrances.

NOC from the Local Authority:
The No Objection Certificate (NOC) is one of the most important documents to check before buying a flat from a builder as it serves as proof to show that the project or the building is approved by the authorities and there are no objections.

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