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Flat in Mohali
17 Jul

By Balvinder Singh Kalra

Category: blog

5 Essential Documents to Verify before Finalizing Your Ready-to-Move Flat in Mohali No Comments

5 Essential Documents to Verify before Finalizing Your Ready-to-Move Flat in Mohali

Are you planning to buy a 3BHK in Mohali? Here are the essential documents that you must verify before zeroing-in on any deal.

Finding a property that is legally habitable and has all the legal clearances is quite an achievement. With the tremendous growth of the real estate sector in the Tricity over a couple of years, the number of disputes has also risen in parallel. With project delays and disputes over land ownership being the prime contributors!

On one hand, where the apartment culture is slowly gaining momentum in our society, it needs the buyers to become more careful and well-informed. Mr. Balvinder Singh Kalra, the mind behind the most affordable independent floors in Mohali, insists that buyers should be well equipped and acquainted with all the paperwork involved. The buyers must check all the documents to ensure clear ownership entitlement and other government approvals.

What documents need to be checked before buying a 3BHK flat in Mohali?

To make your search easy, we have compiled a list of five essential documents to know whether your shortlisted property is worth the investment or not.

1.      Check Title Papers

The title of the property should be clear, without any dispute. If you are buying a new 3BHK+1+1 in Mohali, the land title should be in the name of the construction company or the builder. If you are buying a resale or a second-hand property, make sure to consult a legal property lawyer to verify the authenticity of the property papers.

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2.      Sale Deed

Sale Deed is the most important document that you need to verify when buying affordable 3BHK+1+1 in Mohali. This should indeed be the first item to be verified in your checklist. A sale deed is proof of the sale and transfer of the concerned property. You must read all the details properly and revert to your builder in case of any query. Check all the terms and conditions before signing the dotted line.

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3.      Completion/Occupancy Certificate or License

The completion certificate is issued by the municipal corporation after the completion of the project. Apart from that, an occupancy certificate/license is issued by the local government authorities indicating that the property is now suitable for habitation. CC and OC, both these documents ensure that the property was built in accordance with the laws and are perfect for occupancy.

Most of the banks need these two documents while applying for loans or while applying for electricity, sanitation and electricity connection.

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4.      Encumbrance and Mutation certificate

Encumbrance certificate tells that your dream 3BHK+1+1 in Mohali does not owe any dues. Having an encumbrance certificate ensures that the property does not have any legal or monetary liabilities. The same certificate can be obtained from the sub-registrar office.  The Mutation certificate identifies the owner of the property in the government records as well as tells everything about their tax liabilities.

5.      Building plan

One more document that needs to be verified and cross-checked is the building plan. The site plan is now available on the RERA website of that particular state. For a 3BHK+1+1 in Mohali, the plan of the home would be available on the RERA Punjab website. The buyer can see it by entering the concerned RERA number. The buyer can tally the approved site plan from the RERA website and the one displayed on the project’s website.

The RERA number can be directly obtained from the builder or most of the projects have them displayed on their official website.

All these documents must be considered very seriously. After all, it’s your hard-earned money and your dream house.

Spacious 3BHK+1+1 independent floors at Canvas, Wave Estate, Mohali is one of the most trusted and reliable projects that come with transparent and proper documentation. Looking for 3BHK flats with servant room and store in Mohali, Canvas brings you the best and affordable deals in today’s date. For a site visit or any query feel free to connect with us at +91 97001 97007 or email us at [email protected].

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Balvinder Singh Kalra

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