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| Samraat Symphony - Nashik |
Have you planned to buy a flat, but you are not confident of the authenticity of the property? Are you worried about your recent property investment in an under construction property? There are not one, but many areas where you need to be careful while buying a property. A cross check helps you have a better understanding of the agreement and gives you the satisfaction of having invested in the right property.
Property types of various configurations have different range of prices that draw your attention to make a property purchase or invest in property whichever suits your requirements. When you buy an under construction property or flat, you need to take certain precautions. These precautions that you need to take while buying an under construction flat are as follows:
- Approved Floor Plans: You need to find out whether the building has an equal number of floors as in the approved plan of the building.
- Agreement Cross check: You must cross check whether the building is abiding by the agreement on ground reality or not.
- Ownership: Finding out whether the building has been taken on lease over agreement or it is owned by the builder himself is important as you need to know whom to approach in case of any existing damages in the property or the non availability of a particular feature mentioned in the agreement.
- Background Check: It is important to do a ground check of the builder from whom you are buying the property.
- NOC: Ensure that the building has the NOCs from water, electricity and lift authorities.
- Building Area: Checking the building area in accordance with the mentioned dimensions and not violating any of the byelaws as applicable to the building in that particular area will be useful while buying a property under construction.
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| Most Promising City in India - Nashik |
These precautions will help you with a clear information on what all things should be referred to confirm the genuineness of the property and also assure you with the correct choice of property and not risking your money for the same. However, opting for a flat which is under construction would cost you less than the cost of the ready possession flats. It is important to get a copy of all the relevant documents and permissions to confirm the genuineness of the property.
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