Document Verification for First Time Buyer

Document Verification for First Time Buyer

Purchasing a flat is a significant investment, and verifying the necessary documents is crucial to ensure a secure and legal transaction. Below is a checklist of important document verification for first time buyer.

CHECKLIST

✅ Land Documents – Verify the ownership and title of the land where the flat is built. Ensure the seller has clear ownership.

✅ RERA Registration – Check if the project is registered under the Real Estate Regulatory Authority (RERA) for transparency and legal compliance.

✅ Approved Building Plan – Ensure that the building plan is sanctioned by the local development authority to avoid future legal issues.

✅ No Objection Certificates (NOCs) – Verify that the project has obtained required NOCs from various departments, including the municipal corporation, fire department, and water supply authority.

✅ Joint Venture Agreement (if any) – If the project is a joint venture, check the agreement between the builder and the landowner to ensure legal clarity.

✅ Draft of Agreement to Sale & Sale Deed – Review the sale agreement and final sale deed to understand the terms, conditions, and legal obligations before signing.

✅ Occupancy Certificate (Ready to Move Property) – Ensure that the property has an occupancy certificate issued by the local authority, confirming that the building is ready for possession and has complied with all regulations.

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