Monday, December 17, 2018

What are the things one should notice before taking possession of the property or new flat in India?

Sumit was finally relieved that he will be getting the possession of his flat in Noida. Sumit had bought this under construction flat in 2009. After many delays due to environmental clearances and slow progress by the developer, the flats were finally ready for possession for flat owners. Sumit and other flat buyers in this group housing project had several rounds of discussions with the builder and environment ministry for speedy delivery of flats. Because on one hand, many of these flat buyers including Sumit were paying monthly rent and on the other hand, EMIs on these flats had started. That was double whammy for Sumit and others.

Now that, flats are ready for possession, what shall Sumit and other home buyers like him verify in order to make sure possession of flats is legal? Before handing over the final payment and taking possession of the property, Sumit and other flat buyers in this group housing project shall ensure that:

  1. Property is vacant
  2. Title certificate to be handed over by seller to buyer
  3. Buildings plans, approved layouts, and other supporting documents (original) to be handed over by seller to buyer
  4. In case of new group housing project (as is the case with Sumit), it shall be verified that building has been given the occupancy/completion certificate by the concerned authority
  5. Mutation is done to reflect the name of the purchaser


Find below detailed document highlighting what needs to be checked before taking over the possession:

42 comments:

  1. Informative article, before taking possesion of a new property we should notice all those things which is mentioned in the above article.

    ReplyDelete
  2. Building contractors in chennai for Residential building, comercial building and industrial buildings. Visit : http://www.bestsquarefeet.com/building-contractors-chennai-and-civil-engineers/

    ReplyDelete
  3. Real Estate Technology-Wiz Maps new real estate technology seeking business partners to launch new housing market forecast with real-time real estate maps & real estate trends.

    ReplyDelete
  4. Buying a villa surely has a lot of advantages over apartments and gives you a better lifestyle and return value.
    Independent House | Plots in Electronic City Bangalore

    ReplyDelete
  5. Informative article, before taking possesion of a new property we should notice all those things which is mentioned in the above article.
    click here forPremium apartments in mysore

    ReplyDelete
  6. I love the way you write your post. Each and everything is simply perfect. Thanks navigate here

    ReplyDelete
  7. Budget Serviced Apartments in Bangalore, Koramangala
    Budget Serviced Apartments in Bangalore, Koramangala - Live Inn intends to provide a Budget serviced apartment.

    ReplyDelete
  8. Thanks for the information... I really love your blog posts... specially those on Flats in Sholinganallur, Luxury flats in Chennai,Ready to Occupy flats

    ReplyDelete
  9. Really Nice Blog , Thanks for sharing Valuable information. we offers you a choice of comfortable and luxuriously designed Flats in Kanakapura road, electronic city, Nelamangala Bangalore.
    Real estate developers in Bangalore
    buy apartment in Bangalore
    villas in electronic city
    best apartments in Bangalore
    Residential plots in bangalore

    ReplyDelete
  10. Thanks for sharing this decent post, I appreciate your work because you are doing great work and I want to know about luxurious flats in Pune with RERA registered and lowest price.

    1 BHK flats in Pune
    luxurious apartments & flats in Pune
    Residential projects in Pune

    ReplyDelete
  11. Hi, Thanks for sharing such a good and knowledgeable information and i want deep knowledge on home loan india can anyone help me, please!!!

    ReplyDelete
  12. http://www.saisravanthi.co.in/projects/pavani-divine/

    Pavani Devine, Bengaluru | Pavani Group | Sai Sravanthi Projects Pvt Ltd

    Pavani Divine Apartment in Bangalore with Luxury amenities. Find 2 & 3 BHK apartments in Pavani Divine is developed by Pavani Group. Sai Sravanthi infra Project Pvt Ltd

    ReplyDelete
  13. Nice Post, Thanks for sharing Appreciated information.
    Blue Ribbon 3D offers topnotch 3d architectural rendering services. www.blueribbon3d.com

    ReplyDelete
  14. Thanks for sharing great post. I really like this post. I too have something worth sharing about Rohan Upvan New Projects at Hennur Road location of Bangalore.

    ReplyDelete
  15. I came across through your blog. Thanks for sharing the nice information.
    Real Estate Developers in Chennai

    ReplyDelete
  16. Thanks for the information... I really love your blog posts... 3 bhk luxury apartments at Gachibowli

    ReplyDelete
  17. Nice information sharing about What are the things one should notice before taking possession of the property.
    Top Construction Companies in Chennai

    ReplyDelete
  18. I actually enjoyed reading through this posting.Really this is very nice collection.
    ambience creacions price list

    ReplyDelete
  19. Thank you for sharing...the Blog.
    If you are looking for the Luxury Villa in Greater Noida (West). you can visit this site Luxury Villa in Noida Extension.

    ReplyDelete
  20. Thanks for sharing...
    BramhaCorp offers 2 BHK& 3 BHK flats in Kharadi Pune, extension, Nearby EON IT Park with all Amenities and ConveniencesFlats in Kharadi,2 BHK Flats in Kharadi Pune

    ReplyDelete
  21. Searching for your Dream Home? Immerse yourself atSpacious apartments in Vijayawada Studded with Luxury amenities.

    ReplyDelete
  22. Great Blog; Thanks for sharing great information. We are offering luxurious flats Pune in affordable prices. Kundan Spaces has project Eternia with 2 BHK flats in Sopan Baug. The luxurious project offer world class amenities to live modern lifestyle such as grand entrance gate, parking, clubhouse, gymnasium, children play area, party lan, swimming pool & indoor play room.

    ReplyDelete
  23. Thanks for the information... I really love your blog posts... Luxury apartments in Gachibowli with us

    ReplyDelete
  24. Shreyas Enterprises home loans in Vizag
    Shreyas Enterprises Vizag is engaged in offering Home Loans to the clients In Visakhapatnam. A crew of experienced personnels works with enthusiasm for rendering best services

    ReplyDelete
  25. Shreyas Enterprises home loans in Vizag

    Shreyas Enterprises Vizag is engaged in offering Home Loans to the clients In Visakhapatnam. A crew of experienced personnels
    works with enthusiasm for rendering best services

    ReplyDelete
  26. Nice Article! Keep Sharing This Kind of useful Information. Sastabroker.com is the free online Platform for anyone who wants to display their properties for sale or for rent basis. As an India’s leading online real estate portal we are pleased to offer you the free and paid online property registration services Contact us now! And register your property with ease.

    ReplyDelete
  27. Excellent blogspot. Thanks for your information. SS Greenfields is one of the Top Builders in Vijayawada offering ongoing luxury residential projects and apartments for sale with RCC framed structure.SS Greenfields offers specially those on Spacious apartments in Vijayawada, Gated community apartments in Vijayawada

    ReplyDelete
  28. It's a useful information for many people. SS Green projects is one of the Top Builders in Vijayawada offering ongoing luxury residential projects and apartments for sale with RCC framed structure.SS Green projects specially those on Spacious modern apartments at Gachibowli

    ReplyDelete
  29. Service Apartments in Bangalore – Mels Suites Budget Service Apartments in Bangalore offers safe economical hotel apartments, homestay Service Apartments with all facilities, which provide a homely experience. Contact us, to book your Service Apartments in Bangalore. WIFI Internet available in all rooms!

    ReplyDelete
  30. Very Informative Article, Thank you!

    ReplyDelete
  31. I was looking at a few different real estate property blog online and came across your blog. I must say - your blog is very impressive. I found your blog on the first page of the Search Engine. Have you noticed that 70 percent of visitors who leave your blog will never return? We do offer Best Commercial Property in Gurgaon. at affordable price.

    ReplyDelete
  32. Buy 2/3/4 BHK and penthouse in TDI LakeGrove Kundli price starts @ 34Lacs Onwards*

    ReplyDelete
  33. largest online letting agent uk
    The UK's most visited estate agents.Our Experts can help you buy, sell, rent and let property with branches across the UK.
    We will list your property on the main property portals such as Rightmove, Zoopla & PrimeLocations.
    let your property within the first 48 hours.largest online letting agent uk.

    ReplyDelete
  34. Property is most important part of our life so we should select it not only for the need but also for culture, environment, sight, positive waves etc. We help & guide you every step of the way while making your move and settling stress-free in Ghana. Our consultants understand the challenge of moving & settling to a new country and have been trained to deliver world class services that will put your mind at ease & hassle free. Get Airport residential apartment in Accra.

    ReplyDelete
  35. Great blog before owning a property one should definitely know these important rules and regulations. Here a tip for Mumbaikers; if you are planning to buy residential and commercial in Mumbai property always buy it from top builders in Mumbai.

    ReplyDelete