Property: Before buying property, definitely check these documents

Hindi News Club (Bureau). Property Important Paper - There has been a strong boom in real estate in the last one-two years. Property rates in cities are skyrocketing. Despite this, people are buying and selling property in large numbers. People are selling their old houses and buying bigger and modern houses with modern facilities. 

Buying a new house is every person's dream. It takes a lifetime of savings. At the same time, those who do not have enough money fulfill this dream through a loan. In such a situation, caution should be taken while buying a new property (Property News) or house, otherwise there is a fear of fraud. 

Before buying a new property, you should take a look at some documents (important papers for property). So that you can avoid becoming a victim of fraud. Today in this news we will tell you which documents should be checked before buying a property. 

First of all, while buying a property, do check the Property Title Deed. Because this is the document that provides ownership of the property after buying it. 

You can get it certified from a lawyer. Mainly, the title deed tells whether the property you are going to buy is stuck in any legal trouble. There is no problem in its transfer, division etc. Only after seeing this title deed, you should proceed with the purchase of the property.

Whether the loan papers are clear or not

Before buying any property (Property Loan Papers), you must check whether there is any kind of loan running on your property. If there is, then it should be cleared before making the deal. 

The owner of this property does not have any loan as a liability for this property. It is very important to check this and without checking this, you should not think about buying the property.

Layout Papers

You should be careful about the property layout papers and gather all the information about whether its map, the map of the open area is approved or not. You should be assured beforehand that there will be no property dispute later.

NOC or No Objection Certificate

Before buying any property, it is very important to get its No Objection Certificate. If you are buying a flat, then you should know the NOC of its society and tower. 

Commencement Certificate

This is known as a construction clearance certificate and you should get it before buying a flat or a property under construction, otherwise you may face problems later. Here you can know what property buying and selling experts have to say about this.

Akhil Gupta, Co-founder and CTO of NoBroker.com, says that despite all the pros of buying property in the current real estate market, this plan can be marginal and cause more inconvenience and stress than the fair price of the property. In this context, here are five key things to note before buying a property:

Occupancy or OC certificate

Last but not least, this certificate is also issued by the local authorities only after the construction of the project is completed. This document certifies that the property has been constructed in compliance with the permissions granted. 

Therefore, at this stage the developer would have completed all the necessary water, sewage and electricity connections. This ensures that the building is suitable for business purposes and can be occupied by people who buy the property.

Note - Buying property is a lucrative investment. It is essential to be a savvy home buyer as it will help avoid legal hassles in the future. Make sure you take the help of a legal expert to check all the above things before buying it.