Purchase of an independent house from a builder

 

Before you invest in a house, you need to look into the following aspects :

  • Ensure that the paper work and title documentation are in order. You might want to consult your lawyer in this area.
  • Bear in mind factors like approach roads, upcoming structures in the area and the availability of all basic amenities. The check list below details the same facts.
  • 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.