You invest a large sum of hard-earned money when you buy a home. Whether you are buying a home for investment purposes or you are buying to live in, you must be careful about the documents. If you don’t pay heed to the paperwork, you may land in the legal soup that comes with the awareness with DLF Garden City.
If you are buying residential property in locations like DLF Floors Phase 1, DLF City Phase 3, and DLF Phase 2 Gurgaon you must ask the builder about the required documents before handing over the token money. The list of documents for residential and commercial properties is slightly different but keep yourself abreast of the updates and paperwork in the real estate industry.
A wide range of luxury properties is available in Gurgaon like DLF City Floors and DLF Garden City. So before buying an independent floor, you must make sure that you are aware of all the certificates required to purchase property. Here is the list of documents you must ask the developer before buying a residential property.
This is the first document you should collect from the seller. A Sale Deed is the proof of the sale of the property and comes with all the conditions applied. You must read the fine print thoroughly and if you are not sure of any of the conditions it’s better to show it to a legal advisor. There is a wide array of housing options in Phase 1 Gurgaon, DLF Phase 3, and DLF Phase 2 Gurgaon. Ask the seller to hand over the sale deed first.
A Completion Certificate or CC is issued by the municipal authorities and it is the proof that the project is completed under the guidelines of the government. It assures that the project is completed and has no delay for possession.
An occupancy Certificate or OC is issued by the local government and it states the residential project like DLF Garden City Floors is ready for occupancy.
If you are purchasing a residential property in DLF Phase 2 or DLF City Phase 1 Gurgaon, you should check the building plan that the government authorities have approved. You must ensure that the house you are buying does not include any unauthorized structure that has the risk of demolition later.
An Encumbrance certificate ensures that the property has no monetary or legal liabilities. However, the properties like DLF Garden City Gurgaon have encumbrance certificates. Still, you must believe only your eyes, so it’s better to obtain the certificate and check by yourself. You can get this certificate from sub- registrar’s office where the project is registered.
This is the most important certificate you must take from the developer because it transfers the ‘title’ of the property towards you (the new owner). In common language, people call it the possession letter, because this certificate ensures that now, you can take possession of the property. You will get the mutation certificate on the day promised to you, if you buy an independent floor in DLF Garden City Sector 91 Gurgaon.
No Objection Certificate
You must obtain an NOC (No Objection Certificate) from the builder or the seller. This certificate ensures that the safety, gas, electricity, and water boards have regularized the property. Purchasing an independent floor in DLF Garden City Sector 93 has no risk of such facilities because the developer is very sincere about these certificates.
Property Tax Receipts
You must ask for Property Tax Receipts from the seller. If you are purchasing a property at resale in DLF Phase 3 or Phase 1 Gurgaon, you should ask for the receipts to ensure that the seller has no dues on the property tax because if he has, you will have to pay the dues later after you become the owner.
Checking all these certificates before buying a residential property will keep you away from all legal problems as well as it will keep the risk of fraud at bay. Checking all these certificates if you are buying a residential property in a location like Phase 1 Gurgaon, DLF Phase 3, and DLF Phase 2 Gurgaon will keep you free from the risks when you invest your hard-earned money.