Purchase of a flat or apartment from a second owner

 

Purchasing a home directly from a builder or promoter makes it essential that you look into the following aspects of the purchase:

  • Ensure that the paper work and title documentation are in order. Consult your property lawyer.
  • 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

Title deeds of the vendor of the property.

Previous title deeds covering a period of 13 years.

Sanctioned plan.

Encumbrance certificate for the past 13 years.

Upto-date tax paid receipts.

Valuation of the property from a registered valuer.

Check if the flat/apartment is free from tenancy.

Register the property.

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 are made.

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

From city corporation, Area Development Authorities, Electricity Boards, Water Supply & Sewerage Boards.

Amenities

Check for the condition of the building and the future life expectancy.

Whether drinking water is available.

Check for natural lighting, ventilation, water connection & sanitary connection.