- You should also check the documents upon which the said builder has got authorization of constructing the said building, whether builder is the owner of the land or has got registered collaboration from the owner.
1. Building approval plan
2. Commencement Certificate (For under construction property) - It is a legal document issued by the local authorities after the inspection of the site.
- This document states that project meets the given criteria and helps in the commencement of a construction on a site by the builder. Without getting a Commencement Certificate the construction would be considered illegal,, and attracts penalties and can even attract an eviction notice.
3. Conversion Certificate - This certificate is issued to change the use of the land from agricultural to non-agricultural purpose from the competent revenue authority.
4. Encumbrance Certificate - An EC consists of all the registered transactions done on the property during the period for which the EC is sought, and this certificate is for a particular period evidencing the property purchase/sale, the presence of any transaction or mortgage.
5. Completion Certificate (for a constructed property)- It is issued by the municipal authorities denoting that the building is in compliance with their rules in terms of height, distance from the road, and is constructed as per the approved plans etc. This document is important at the time of purchasing a property and seeking a home loan.
6. Occupancy Certificate (for a constructed property) - This certificate is obtained after the completion of the construction. It is important at the time of buying a property, seeking a home loan.