Buying flats in a place like Mangalore is dream for many of us. Here are some checklist which helps you to not only buy flats in Mangalore but all over the country.
Things to be consider while buying a flats in mangalore
1. Things to be Consider While Buying a
Flats in Mangalore
“Home is where our heart is “. Owning a flat or house is dream for everyone of us. Buying a
Flat or Plot can be considered as one major move of our life emotionally and financially. Before
buying a flats or house we should aware of legal issues and documents. There are certain
checklist we must consider before purchasing any flat not only in Mangalore but also in other
cities of India. Here are some points you should consider while investing on Real Estate that
helps you to keep your mind free from legal aggravations and disputes.
● Make sure that flat is in name of owner. Does he has full right to sell that property?
● Clearly check the title indeed to know the complete details of property. Better to appoint
one lawyer. He may help in this finding property details.
● If the seller shows you power of attorney , you can ask him to provide original paper of
property and meet the owner.
● There are some cases where flats in mangalore has more than one owner. Before
going to the final deal make sure that flat has one owner, if has then surely get released
certificate from those involved people.
Choose a perfect location
While deciding the location keep importance to all proximities like schools, hospitals, market,
temple etc. which not only improves your lifestyle but also increases resale values.
Encumbrance Certificate
If you seen flats in mangalore and want to buy it. Make sure that flat does not have any legal
disputes. For this you have to get Encumbrance certificate from sub-registrars office. This
confirms that flat does not carry any legal dues and complaints.
Make Agreement
2. If the deal between you and owner that after full settlement of money he will register the property in
your name then only go for advance booking. Make sure that owner ready for this agreement
because if third party offers more money then he should not be diverted. Remember that the
agreement on stamp paper of worth Rs 50 and mention all details about actual cost, advanced
money and time period with which you will pay the balance amount. It will be prepared by Lawyer
and signed by both parties.
If you follow above guidelines, it will not only able to buy flats in Mangalore but also all over
country. You can stay happy with your own world.