BUILDER'S SOCIETY HANDOVER PROCESS:- The date of handover from builder to the registered owners association is an important day for new apartment owners and all residents. It has to be taken seriously and detailed due diligence must be done when interacting with the builders during this handover process.
NOC Certificate: A No Objection Certificate (NOC) is issued where there is no objection to the covenants of the certificate. A builder has to compulsory submit an NOC from the fire safety, water, and pollution departments to the RWA (Residents Welfare Association)
Make a note of the below-mentioned documents as well as they are also a mandatory requirement in a handover –
• Original registration documents
• Audited accounts documents
• Tax-related documents
• Property Insurance details
• Conveyance of property
• Handover of the Corpus fund
• Contracts with vendors
• Approved floor plans
• Car parking allocation record
• Clearance to operate Elevators
• Invoices and Warranties (Pumps, Generator, Transformer, Pool and Gym Equipment, Lift, etc.)
• Architectural and Structural Drawings (Electrical wiring, water piping, etc.)
• AMC Documents (Lift, Generator, Transformer, etc.)
• Maintenance schedule for all the assets
• Staff schedule
• List of amenities offered
List of services offered post the handover