1) check whether title of builder is clear and marketable

2) check whether building plans have been sanctioned or not by municipal corporation

3) whether project is per approved by any bank . Also check other projects constructed by the builder

4) agreement would be drafted by builder

5) contact a local lawyer before you decide to invest

Hi, normally for scrutiny of the documents we will go for 30 years of documents so it is better contact a local advocate and verify the property documents and after obtaining the legal clearance go for purchasing the property.

What are the conditions for purchase?

Is the pre-investment based on certain conditions and terms to be signed by both the parties i.e., the vendor and the purchaser?

There is no reason to pay the entire sale consideration even before the starting of the construction. This is nothing but hidden plan behind such demand.

For purchase of property it is normal procedure to verify the parent deed/document, title document, encumbrance certificate, tax aid receipts, revenue records, field maps, lay out approval plan, plan of construction of flat, other aspects that are necessary for approval of lay out by the competent authorities namely, municipality, town and country planing department etc. The documents are to be properly scrutinised and vetted by an expertise advocate.

You may verify the items preparing a checklist and get a proper opinion by a lawyer in the local before venturing into the said investment.

1. You should find out whether the antecedent title of the property is clear. Whether the land is mortgaged or not should be ascertained. Whether it is the subject of litigation in any court of law should also be verified.

2. Whether the builder has got all the required statutory approvals should be ascertained.

3. Demand a copy of the original documents and then put them up to your lawyer to enable him to apply his mind and give his report.