Purchase
of an independent house from a builder | ||
|
Before you invest in a house, you need to look into the following aspects : |
| Type | Compulsory checks | Other checks |
| Legal |
Sale deed of the vendor of the flat. Clear & marketable title of the project. Sanctioned plan. Encumbrance certificate for the past 13 years. Upto-date tax paid receipts. Valuation of the property from a registered valuer. Register the property. | Check plinth area of the apartment. Check carpet area of the apartment. Ensure that the price being paid for the flat, including the common service area is reasonable. |
| Location |
Check for proper approach roads. Check for electricity connections. Whether municipal water connections are present. Whether well laid out drainage, sewerage and garbage disposal arrangements. |
Pollution due to industries etc in the area. Check for developmental activities of the area. Public transport facilities in the area. Check for educational institutions, hospitals, shopping avenues nearby , green belts & rain water drainage. |
|
Approvals |
Check if necessary approvals from city corporation, Area Development Authorities, Electricity Boards, Water Supply & Sewerage Boards, Airport Area Authorities have been obtained. | |
| Amenities |
Whether drinking water is available. |
Check for natural lighting, ventilation, water connection & sanitary connection. |
|
Others |
Check for the condition of the building and its future life expectancy. |