Time To Buy A Flat In Noida? Check These Documents First

Buying a flat is a significant investment, and it’s crucial to conduct thorough due diligence before signing the deal. When buying a flat in Noida, it’s essential to ensure that all legal and regulatory aspects are in order.

Here’s a comprehensive list of documents you should scrutinise:

• Title Deed: Verify that the title deed is clear and the seller has the right to transfer ownership of the property.
• Sale Agreement: The sale agreement should include details about the project, flat, terms of payment, and timeline for possession.
• Approved Building Plan: Ensure that the building plan is approved by the Noida Authority and adheres to local building norms.
• Commencement Certificate (CC): This document is issued by the local municipal authority, allowing the builder to begin construction.
• Completion Certificate (CC): After construction is complete, this certificate is issued, indicating that the building complies with all regulations.
• Occupancy Certificate (OC): This certificate is provided by the local municipal authority after verifying that the building is fit for occupancy.
• Encumbrance Certificate (EC): This document shows that the property is free from any legal or financial liabilities.
• RERA Registration: Verify that the property is registered under the Real Estate (Regulation and Development) Act (RERA), which ensures transparency and accountability.
• NOC from Various Authorities: Ensure that the builder has obtained No Objection Certificates (NOCs) from various authorities such as the fire department, pollution board, electricity department, water supply department, etc.
• Tax Receipts: Verify that property taxes have been paid up to date by the previous owner.
• Bank Approval: If you’re taking a loan, ensure that the project is approved by reputed banks or financial institutions.
• Possession Letter: Obtain this letter from the builder, which confirms when you will take possession of the flat.
• Allotment Letter: This document is issued by the developer and includes details of the flat you are buying, including the agreed price.
• Builder-Buyer Agreement: This agreement details the terms and conditions between the builder and the buyer, including payment schedule, possession date, and penalties for delays.
• Share Certificate (in case of co-operative housing society): If the property is part of a cooperative society, ensure you receive the share certificate indicating ownership.

Tips for Document Verification

• Engage a Lawyer: A legal expert can help you scrutinise documents and identify potential issues.
• Physical Site Visit: Verify the property’s condition and amenities.
• Check for Encumbrances: Ensure there are no legal claims on the property.
• Understand Builder’s Reputation: Research the builder’s track record.
• RERA Compliance: Verify if the project is registered with RERA.

Checking these documents thoroughly with the help of a legal expert can help you avoid potential legal issues in the future.