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How can I check if the builder is genuine or not
20-Jun-2023 (In Property Law)
Respected Sir, I have seen many builders in mumbai giving fake aspiration to their buyers of giving them luxury homes. I am Also Interested of buying a home of 3,200,000. I want to check whether the builder is Legal or not. So, kindly give me the list of documents which i should take from him as legality prove and where to make check that documents. and, if any papers can be made by me to pay whole money to builder at the last of his construction but at starting rates. Thank you.
The main documents which may affect the transfer or freeholding are-
1. Title deed of the land.
2. Plan sanction from local authority.
3. The construction as per sanctioned plan or not.
4. Lately completion certficate which include fire fighting, lift etc, safety, NoC from various functionaries.
Before purchasing property from a builder, please go through the builder buyer agreement in detail. See the clauses regarding payment, construction timelines, date of possession and terms regarding any failure by the builder to deliver the property to you in time. Also, do go through the loan agreement carefully to know about what happens in the event of default by the builder and what will be the consequences for you.
1. Title deed of the land.
2. Plan sanction from local authority.
3. The construction as per sanctioned plan or not.
4. Lately completion certficate which include fire fighting, lift etc, safety, NoC from various functionaries.
Before purchasing property from a builder, please go through the builder buyer agreement in detail. See the clauses regarding payment, construction timelines, date of possession and terms regarding any failure by the builder to deliver the property to you in time. Also, do go through the loan agreement carefully to know about what happens in the event of default by the builder and what will be the consequences for you.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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1)Title search report for past 30 years from property lawyer.
On google search Type property registration in pune u will get my details
2)Town plan sanctioned lay out of site showing carpet area measurement given for you flat
3)NA order issued for construction of work
4) work commencement certificate
5) Work completion certificate
6)Occupancy certificate from the authority
7)Structural stability certificate from the licensed structural engineer of the muncipal corporation or local authority
8)NOC if society is formed
9) Builders contribution document like MOU, Sale deed of land from original owner, Partnership deed, Proprietorship or artical of association or any other document as required.
On google search Type property registration in pune u will get my details
2)Town plan sanctioned lay out of site showing carpet area measurement given for you flat
3)NA order issued for construction of work
4) work commencement certificate
5) Work completion certificate
6)Occupancy certificate from the authority
7)Structural stability certificate from the licensed structural engineer of the muncipal corporation or local authority
8)NOC if society is formed
9) Builders contribution document like MOU, Sale deed of land from original owner, Partnership deed, Proprietorship or artical of association or any other document as required.
Helpful?
32+
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Adv. Bharat Pandirao Pawar
Pune | 500+ Answers
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