Dev Singhraha
Relocation Expert
Finding a property which isn’t under any legal battle or litigation is crucial. With the rise in the real estate sector, the number of properties under the legal battle or dispute has increased as well. Even though there are laws on the way to make the buying and selling of the property more transparent, there are some areas that the buyers can check for themselves.
 
1. Title papers:

Before signing the agreement with the seller, whether it be a new property or on resale, make the user ask for the title papers. The title papers clearly mention the name of the property owner. If the seller somehow fails to produce the title papers or gives you an assurance that the papers will be handed over to them in few days, don’t go further with the deal. It is better to read the papers thoroughly or if the legal jargons are difficult to understand it would be wise to hire a lawyer.
 
2. Bank approvals:

If you are thinking of taking a loan from the bank, then half of your job is done. Since the banks check the property papers thoroughly, you don’t have to worry about the legality of the property. Many developers partner up with the banks and home loan financing companies to help the buyers. This makes it easier for the buyers to make sure that the project is legal.
 
3. Encumbrance certificate:

It is the document that implies that the property is free of any mortgage and pending loan. The encumbrance certificate also holds the names of all the previous property owners. It is a very important certificate to know whether the previous owners have cleared all their debts or not.
 
4. Approved plan:

If you are buying the property directly from the builder, make sure to check for the approved plan certificate. It holds the approval of the construction layout and locality of the project. This can give you an idea whether the builder is running an approved project or not.
 
5. Property tax slips:

If the buyer is buying the resale property, make sure to ask for the tax slips. This will give you the idea of two things, whether the property is built in a legal locality or not and have all the previous property taxes have been paid or not.
 
6.Registered society:

Every project has a society with the resident welfare association. This is a legal process and the legality of the association will give you the idea of the project.
 
Being vigilant towards these details can help the buyer to not land in any property trouble in future.
 
 
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