This ppt will tell you the factors to pay attention before buying property in India. The government will protect the interest of home buyers of stalled projects with the help of the real estate regulatory Act and the bankruptcy law.
3. • ENSURE THAT THE
DOCUMENTATION OF THE
PROPERTY IS COMPLIED
WITH.
• REGULATORY
COMPLIANCES ARE MET –
ALL MANDATORY
SANCTIONS OBTAINED.
PAY DUE
ATTENTION TO A
FEW POINTS OF
LAW TO ENSURE
UNDISTURBED
ENJOYMENT
4. • Sale Deed
• Mother Deed
• Building Approval Plan
• Commencement Certificate
(Flats/Villas, etc.)
• Khata Certificate
• Tax Paid Receipts
• Completion Certificate
(Flats/Villas, etc.)
• Occupancy Certificate
(Flats/Villas, etc.)
MAKE SURE YOU
GO THROUGH
THESE FOR SURE
5. • TAKE EVERYTHING DOWN
IN WRITING, ASK THE AGENT
AND BUILDER TO GIVE ALL
THE PROMISES AND
CLAUSES IN A WRITTEN
DOCUMENT
• GET THE DOCUMENT
SIGNED BY THE AGENT AND
THE BUILDER TO ASSURE
THAT THE PRISE BECOMES
BINDING ON THEM
DURING THE
NEGOTIATION,
NOTE THESE
7. • AGENTS AND BROKERS,
EARLIER NOT UNDER THE
REGULATORY SCRUTINY,
NOW BROUGHT UNDER THE
ACT
• TO PROTECT UNWITTING
HOMEBUYERS FROM
EXPLOITATIVE PRACTICES
OF AGENTS
• QUICK LEGAL REDRESSAL
IN CASE OF FAULTY LEGAL
PRACTICES
MAJOR BENEFITS
8. • PROHIBITS BUILDER AND
AGENT FROM ADVERTISING
OR MAKING MISLEADING
CLAIMS IN WRITING
• UNORGANIZED BROKERS
AND CHANNEL PARTNERS
NOW UNDER THE RADAR
OF AGENTS AND
BUILDERS
9. • STAY AWARE OF THE
GOVERNING LAWS,
REGULATIONS AND RULES
• EXAMINE ALL DOCUMENTS
CAREFULLY – RELATED TO
THE PROPERTY.
• READ THE TERMS AND
CLAUSES OF THE SALE
AGREEMENT IN DETAIL
BEFORE SIGNING.
• IN CASE ANY DISCEPANCY
COMES TO NOTICE, SEEK
CLARIFICATION FROM THE
AGENT/BUILDER, AND
APPROCH THE
AUTHORITIES IF
A FEW POINTS FOR
BUYERS
