Buying a house - Look before you Leap

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• Buying A House
• Look Before You Leap

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For a common man of India, no dream is bigger
than owning a house. The ownership of property,
especially a house, is directly hooked up with
the social status. One of the FAQs before the
marriage of somebodys daughter is, The boy has
his own house or not?
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Such significance a households in the society of
India and thus, buying a house becomes the top
most priority. However, does a common man really
know what are the hazards he might come across
and what are the Dos and DONTs before getting it
signed?
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Here, we are going to suggest you that how can
you arm yourself before buying a house. The
following are some precious tips, which will
solve all your queries.
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The very first measure before buying a
residential apartment is to take a look at the
Title Deed. This is a legal document, which
proves that who the actual owner of the house is
and it presents assertive rights and freedom to
the owner. The deed is essential while
transferring the property.
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The second step is to check the Encumbrance
certificate, which will show that the owner does
not have any liability or charges created on his
property in terms of any debit by the property
owner and has not been discharged as on date.
This certificate might be held as security
against bank loan against property.
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To enquire about the Tolerance plan is another
step that has to be taken before you go ahead
with your investigation. This is a detailed plan
of the property, which is completed by the
licensed surveyor. Details of the overall
dimensions are concluded in this plan and it is
essential for some specific areas only.
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Pledged land is another step, which tells about
the loan taken on the property and the amount is
due or paid. If it is paid the bank will issue a
Release Certificate and this certificate will
be needed when you will go for a loan in future.
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Before buying the property, the buyers should
also investigate about the Property Tax receipts.
This tax is the first charge on property paid to
government or municipality. It can be conformed
from either municipal and government offices that
all the taxes have been paid or not.
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The other key facts to be checked are
Measurement of Property and it is prudential to
measure the land before registering the property.
The property is in the name of one owner or
multiple owners or NRI owners.
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Deed and sale agreement is also an important task
that needs to be done and last but not the least,
property registration to become the legal owner
of the house.
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Harsh Macro Developers Ltd. Harsh Tower, Plot
No.8, Near Gopalpura By-Pass, Triveni Nagar
Mod Jaipur- 302019, Rajasthan, India
www.harshmacro.com
91 141 5168168
/HarshMacro