Shahid balwa reveals important documentation to remember when buying property
1.
2. Key land-related documents are issued in a timely manner when
working with premier developers such as Shahid Balwa, Founder,
DB Realty Ltd
The land possession certificate can be obtained upon the
completion of the inspection.
The governing bodies will issue a building completion certificate
prior to the LPC
Building completion is provided after an investigation is
conducted into the compliance to best practices.
To ensure consumer protection, the certificate is only provided
after a thorough analysis of the plot.
3. Buyers need to insist on procuring the building the plan copy for their
own record.
Homeowners need to ensure that the actual building plan complies with
the guidelines laid out in the building plan copy.
The building plan should also mention information about the legal
nature of the construction of the project.
Clearances should have been provided by the authorities upon
registration.
NOC should also be procured along with the building plan copy to
ensure that there are no pending cases or problems with the
construction.
Khata certification may also be needed when transferring ownership of
the property to the buyer.
4. Allotment letter is one of the most important documents to keep
with the buyer for their record.
Property tax details should also be kept safely with the buyer as
well.
The possession letter is another critical document that should
always be kept safely.
An encumbrance certificate is a key document that highlights
that there are no pending dues against the property.
Completion and occupancy certificates are also issued when the
builder completes the project and they’re ready to be occupied.
5. A sale deed is critical for home and commercial projects,
including details about floor plans, building outlines, etc. Key
developers in commercial projects such as Shahid Balwa provide
similar details for projects as well.
The deed must also have the right details about the owners of
the flat, especially in the case of joint ownership.
The deed must have the right possession dates, and the correct
terms in which the possession will be provided to the owner.
Sale deed must be accompanied by the blueprint of the home
and have the correct signatures of the parties present.
Proof of registration must also be obtained in a timely manner.