Document Checklist Before Buying a New Flat in Pune
Navigating the process of purchasing a new flat in Pune can be both exciting and overwhelming. To streamline this journey, it’s crucial to have a thorough understanding of the required documentation. From legal papers to financial records, each document plays a pivotal role in ensuring a smooth transaction and safeguarding your investment. Our comprehensive document checklist serves as your roadmap, guiding you through the intricate process of property acquisition in Pune. By adhering to these guidelines, you can mitigate potential hurdles, make informed decisions, and embark on your new homeownership journey with confidence and peace of mind.
Document Checklist Before Buying a New Flat in Pune
Sale Deed
When it comes to buying a house, Sale Deed is a key document a person can possess. A sale deed is a legal document that is evidence of the sale of a property in favor of the buyer from the seller.
Building Completion Certificate
This certificate is issued from the Building Development Department of the Pune Municipal Corporation, which states that the building has been constructed and completed and is in compliance with the prescribed safety norms and regulations under the Buildings Act.
Encumbrance Certificate (EC)
Encumbrance Certificate is used in property transactions as evidence of free title or ownership. When buying a new flat in Pune, it is important to verify that the property does not have any monetary legal dues.
This certificate is important for those who apply for a home loan or want to sell or buy a property.
Conversion Certificate
With the vast amount of land being agricultural in nature, a Conversion Certificate is mandatory from the legal bodies. This certificate is issued to change the use of the land from agriculture to a non-agriculture purpose.
Khata Certificate
Khata literally translates to account. This certificate is mandatory for the registration of new property or the transfer of a property.
Occupancy Certificate
A certificate of occupancy is a document issued by a local government agency or building department certifying a building’s compliance with applicable building codes and other laws and indicating it to be in a condition suitable for occupancy.
Commencement Certificate
This certificate is issued for under-construction properties. It is issued from the local municipal authority that permits the developer to begin the construction of the project.
Now, buy a new flat in Pune with minimal worries. Happy buying!