This document outlines 10 key factors to check when considering purchasing a property from a new builder: 1. Review documents showing clear title to the land, approval plans, and permits. 2. Verify the actual listed price matches what will be charged, including utilities and taxes. 3. Confirm the accurate area measurements of carpet, built-up, and super built-up space. 4. Ensure an undivided share of the land will be correctly transferred without retaining extra shares.

1. Fundamentals To Check
For New Builder Tie-up
For New Flat/ Villa

2. Check 1 - DOCUMENTS
 Title Clear of the land on which the
building/ society is/ will be built up.
 Intimation of Disapproval (IOD) - This
indicates all the terms and condition
based on which the property is built up

3. Check 1 - DOCUMENTS
 Commencement Certificate (CC) - This is
issued by local Municipal Corporation which
gives permission to builder to start
construction. It’s issued when all terms and
conditions are satisfied
 If property is under construction, you can
ask approval of drawings and project plan to
be sure property is built on undisputed land.

4. Check about actual price of the property.
It would include - cost for utilities like
electricity and water, parking space,
various taxes, any legal charges and
registration charges etc.
Otherwise, builder may then impose
some extra charges for any of these.
Check 2 - PRICING

5. Inquire about the actual size of house.
Discuss carpet /built up/super built up
area.
Area within walls where you can
actually lay a carpet is known Carpet area.
It’s actual usable area of an apartment/
office /showroom minus Wall thickness.
Check 3 – AREA & SIZE

6. The built up area is described, in which
walls and balcony are included along
with carpet area.
The built-up area along with the area
under common spaces like lobby, lifts,
stairs, garden etc. is described as super
built-up area
Check 3 – AREA & SIZE

7. Request information about the
undivided share in the land which has
to be registered before commencement
of construction.
It should be correctly transferred to all
the owners without retaining any share
for him for future use.
Check 4– UNDIVIDED SHARE

8. Question if any banks like HDFC, ICICI
etc. has tied up with builder as most
banks tie up only with reputed builders.
You can be assured that you will be safe
from any kind of fraud
Check 5 – BANK TIE UP

9. Check for visit to sample flat/house to
get an idea of how the flat will look and
this way you can check the quality of
construction and material used.
In some cases buyers can upgrade
materials by paying some extra in
advance to the builder.
Check 6– MODEL HOUSE

10. Also, interior plan of an apartment in
few cases can be bit modified on prior
notice on payment of an additional
amount by few builder.
 Furthermore you can ask for floor plan
so you will get idea about surrounding &
spacing
Check 6– MODEL HOUSE

11. Try to know when the project will be
completed.
Which will be the tentative date of
possession of property.
Check 7 – POSSESSION

12. •Discuss about all utilities / in built
facilities the builder will give.
•Like kitchen furniture, fans, home UPS,
any other furniture, any electronics
home appliances etc
Check 8 – UTILITIES

13. •Check for Occupancy Certificate (OC).
This certificate is very important and is
given to the owner or the tenant once
the building is completed mentioning
that property is ready to occupy.
•Property without OC faces bank loan
problem for common man
Check 9 -
OCCUPANCY CERTIFICATE

14.  The most important document is “Completion
Certificate “. On handing over the house,
builder must give a completion certificate.
 Issued by Municipal authorities of particular
area , it confirms building is in accordance
with the approved plan.
 It is required for the property registration and
other government formalities.
Check 10 -
COMPLETION CERTIFICATE

15. THANK YOU!