Home | Legal Advice | Property | What precautions should the purchaser take before buying a flat in India?

What precautions should the purchaser take before buying a flat in India?

Shivendra Pratap Singh

Advocate (Lucknow)

Online advising since Oct. 2014

Property | RERA

Reading Time:

When purchasing a flat in India, it’s important for the purchaser to take certain precautions to ensure that they are making a safe and sound investment. Here are a few things to consider:

  1. Research the builder and the project: It’s important to research the builder and the project before making a purchase. Look for reviews and feedback from previous buyers, check the builder’s track record, and research the project’s location and amenities.
  2. Check the registration of the project with RERA: The Real Estate (Regulation and Development) Act, 2016 (RERA) requires developers to register their projects with the state-level regulatory authority. It’s important to check the registration of the project with RERA and to ensure that the builder has obtained all necessary approvals.
  3. Review the approved plans and layout plans: It’s important to review the approved plans and layout plans of the project to ensure that the building is constructed in accordance with the approved plans and that it meets the safety standards.
  4. Understand the terms of the agreement: It’s important to understand the terms of the agreement before making a purchase. Review the terms of the sale, the payment schedule, and the possession date.
  5. Review the title deeds: It’s important to review the title deeds of the property to ensure that the property is free from any encumbrances or legal issues.
  6. Check the Occupancy certificate: It’s important to check that the builder has obtained an Occupancy certificate, which certifies that the building has been constructed in accordance with the approved plans and that it is fit for occupation.
  7. Get a home inspection: It’s important to get a home inspection done by a professional inspector to ensure that the building is in good condition and that there are no major defects or issues.
  8. Consult with a lawyer: It’s important to consult with a lawyer who is familiar with the laws of your jurisdiction to understand the specific provisions and regulations of RERA and the process of buying a flat in India.

By taking these precautions, buyers can feel more confident in their decision to purchase a flat and can reduce the risk of making a bad investment.

shivendra pratap singh advocate

Shivendra Pratap Singh

Advocate (Lucknow)

Consult on Criminal, Civil, Writ, Matrimonial, Service matters, Property, Revenue, SARFAESI related cases

Kanoonirai has been advising in legal issues since October 2014. You can consult a lawyer through online media, telephonic consultation and video conferencing.

Contact

mail[at]kanoonirai.com
+91-91400-4[nine][six]54