Find your Perfect Home

FAQ

Before purchasing any property, ensure you verify the sale deed, title deed, encumbrance certificate, property tax receipts, building plan approvals, and occupancy certificate. For under-construction properties, check RERA registration as well.

RERA stands for Real Estate Regulatory Authority. It ensures transparency, protects buyer interests, and regulates the real estate sector. Always check if a project is RERA registered before investing.

You can verify ownership through the title deed and by checking the Encumbrance Certificate at the local sub-registrar’s office. You may also request recent tax receipts and utility bills in the seller’s name.

Ownership can be Freehold, Leasehold, or Co-operative Society based. Freehold gives full ownership rights, while leasehold offers rights for a specific period. In co-op societies, the property is owned collectively by society members.

  • Carpet Area is the actual usable space inside the apartment.

  • Built-up Area includes the carpet area plus the thickness of inner walls and balcony.

  • Super Built-up Area includes the built-up area plus common areas like lobbies, lifts, and staircases.

Yes, NRIs can purchase residential and commercial properties in India. However, they are not allowed to buy agricultural land, plantation property, or farmhouses.

Buyers typically pay Stamp Duty, Registration Charges, and possibly GST (for under-construction properties). These charges vary by state.

Check with the local municipal authority for approved building plans, land use certification, and title clearance. You can also engage a legal expert for due diligence.

Property registration involves:

  1. Drafting and signing the sale agreement.

  2. Paying the stamp duty and registration fee.

  3. Registering the deed at the local sub-registrar’s office.

Verify the lease agreement, terms related to notice period, maintenance charges, rent increases, and the identity/ownership of the landlord. Also, check for pending utility bills or dues.

Popular Posts

March 25, 2024
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec volutpat nec purus eget porta....
Island

Newsletter

Find your perfect home