Residential Plots Near PGI Chandigarh | 6 Things You Must Check Before Buying Real Estate Property

Everyone knows that how difficult to make your home and it becomes more difficult to build your home, purchasing plots in another city. I mean they are going to invest the maximum saving, mostly. So, it is very important to check the things in detail to avoid future hassle and problems. It is very important to become professional at any such purchasing. There are few things, need to check each and every before going at a final agreement.

1-Approval & Licensees: 

(a). Project Title Deed: It is very important to check whether the builder has a right to the property. The builder should have no-objection certificate and project title deed is registered or not. You may take help with any lawyer to get the deed examined. 

(b). Property Release Certificate: If there was any loan on the property then you should check release certificate from the bank, which will prove that the loan on the land has been repaid or not. 

(c). Land use verification: As per city master plan, you can visit local body office to check the plan. It is a suggestion to check their, same land comes under Agriculture or Commercial plan. 

(d). Local Body Approvals: According to RERA, Project should be approved. You may verify it at State RERA office. Eg. In the Notified Area Punjab there are many residential plots near PGI Chandigarh the NAC is the approval Authority which approves the residential or commercial project. PUDA is an authority to approve any project in Punjab only.

(e). Property Tax Receipts: It is very important to ensure no pending bills. You should just check previous property tax receipts from the seller along with other bills if you are going to buy a resale property. 

(f). Completion Certificate: Date of possession is clearly declare in completion certificate. It ensures that delay in possession you may disagree and claim for you money refund you.

(G).Actual verification of Carpet area: It is very good to you take a certificate ensure you that you are going to get what Carpet area will be finally provided to you, Hence in case any mismatch happen or less carpet area you may disagree and claim for you money refund you.

2-Financing Bank’s List of The Project: You should check the Project associated bank’s name.

3-The Different Values: Whether the planned or ongoing project is supposed, you should make an overview of Address value, Future Value at that locality. Also, you need to verify and calculate local rates of property. This will help you to bargain with the seller.

4-Builder Verification: Firstly check that Buyer is registered or not. If yes the One of the most important to check the builder record or previous history that will ensure you that the whole project will be going in well.

5-Infrastructure Plan Self Verification: It is advised to your visit at the site for infrastructure verification that will help you to decide about in which locality or society you are going to live.

6-Plot registration: Finally, you must register your plot or property in the local government body. After this, the property becomes yours.