Many times a common person gets entangled in the rules and conditions given by them. If you are also going to buy a flat or house, then you should know about the basic rules and regulations related to it.
Understand the sellable or super-built area: While buying a flat or plot, if the person in front of you is telling you about the area of the land according to the sellable or super-built area, then understand it before saying anything about it. The salable or super built-up area is calculated by combining carpet area, wall thickness, and common area. Builders in Mumbai add 60 to 100% carpet area and call it a sellable or super built-up area.
What is a title certificate: It is issued by a lawyer. Its specialty is that it shows who is in possession of the property from the first buyer to the present time. This information is contained in the title certificate. It is used to show the seller's rights on the property. It is important to check this certificate carefully because apart from important information related to the property, it also mentions the problems and lawsuits related to it.
Whether the government has permission or not: If you are going to buy a flat or any land, then check whether the builder has permission to start construction or not. For this, inquiries should be made to the concerned departments like DDA, GDA, Housing Board, etc. If satisfactory answers are not received here, one should resort to RTI. There are many types of government permissions like permission to start construction, environment department, payment of land price, etc. Information about all these should be collected.
Whether the property map is ready or not: Before buying a property, you should check whether the property map has been approved or not. If the house is ready, check whether it has received the completion certificate or not. Buy the property only after seeing all the NOCs.
There is no loan on the property: Before purchasing the property, the buyer should find out whether there is any loan outstanding on the property. If so, then the responsibility of paying it will be on you only. It will not be easy to know this and you may have to work hard for this. Many builders have defrauded their investors in this way.
Have complete information about the property seller: What kind of people are they from whom you are buying the property? It is also important to know this. If you buy a flat from a builder, then definitely check how many houses he has built. This shows his capability. Apart from this, also look at the balance sheet of the company.
Beware of fraudulent advertisements: Attractive advertisements for property are published every day. Do not fall into their trap and buy any property. Do your research first. Many things are shown in these advertisements which do not exist. For example, if you know how to swim, then buy a flat in a building with a swimming pool, otherwise there is no point in paying extra money.
Don't get impressed by the flat samples: The sample flats that builders show to buyers are flashy. Things are also made of good quality. These have excellent fittings and proper use of space. But get written information about how the flat you are going to get will be.
Know about the rules and regulations: Know about the rules and regulations related to land and flats in the state or place where you are going to buy property. Laws are different in many cities. Many housing societies have their own set of laws and rules. For this, you can get this information through a lawyer associated with any property of that place.
Whether the property is government or collector land: Before buying property, find out whether the property is government or collector land. Collector land includes that land which is with the collector in the land records and the collector has rights over it. Government land includes those lands which are under the state or central government in the records. If the government wants, it can give such land to the housing society for the poor section at a cheap price or free of cost.
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