When investing in a real estate project, it's crucial to ask the builder for the following documents to ensure transparency and legal compliance:
1. **Title Deed**: Confirms the builder's ownership of the land on which the project is being developed.
2. **Encumbrance Certificate**: Proves that the property is free from any legal liabilities or unpaid dues.
3. **Approved Building Plan**: Sanctioned by the local municipal authorities, ensuring the project complies with zoning and building regulations.
4. **Commencement Certificate**: Issued by the local authority, this certificate allows the builder to start construction.
5. **Completion Certificate**: Certifies that the project has been completed according to the approved plans and regulations.
6. **Occupancy Certificate**: Issued after the completion of the project, confirming it is fit for occupation.
7. **No Objection Certificates (NOCs)**: From various departments such as fire, pollution control, water, electricity, etc.
8. **Intimation of Disapproval (IOD)**: A list of conditions laid down by the local municipal authority that the builder needs to comply with.
9. **Sale Agreement**: Clearly outlines the terms and conditions of the sale, payment schedules, and penalties for delays.
10. **RERA Registration**: Ensures that the project is registered under the Real Estate Regulatory Authority (RERA), providing legal protection to buyers.
11. **Land Use Certificate**: Confirms that the land is approved for residential or commercial use as per local laws.
12. **Construction Quality Certificates**: Includes materials used, safety measures, and quality checks conducted during construction.
13. **Payment Receipts**: For all payments made to the builder, including taxes, registration fees, and other charges.
14. **Possession Letter**: Indicates the date of possession and any conditions related to it.
15. **Allotment Letter**: Confirms the allotment of the specific unit to the buyer and details related to it.
16. **Home Loan Approval Documents**: If you are availing of a home loan, ensure the builder has tie-ups with reputable banks and the project is approved for loans.
17. **Development Agreement**: If the builder is not the landowner, this document outlines the terms agreed upon between the landowner and the builder.
18. **Building Insurance**: Documents related to insurance coverage of the building during and after construction.
19. **Utilities Plan**: Documents related to the provision of essential services like water, electricity, sewage, etc.
On this Dussehra, may the triumph of good over evil inspire us all to rise above challenges and embrace positivity.
Wishing you a day filled with hope, courage, and new beginnings.✨
#HappyDussehra #VictoryOfGood #BhutaniInfra
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1moHappy onam guys ✨💕