Ahmedabad, the commercial capital of Gujarat, is a rapidly growing city that offers great opportunities for real estate investment. With several new real estate projects emerging in Ahmedabad, buyers must stay informed about the documents they need to examine before investing in a property. In this article, we’ll discuss the must-have documents for new real estate projects in Ahmedabad and how they can help buyers make a smart investment decision.
Sale Deed
The sale deed is an important legal document that serves as proof of ownership of a property. Buyers of new real estate projects in Ahmedabad should verify that the developer has registered the sale deed and that there are no pending legal disputes related to the property.
Encumbrance Certificate
An encumbrance certificate is a document that verifies that the property is free from any monetary or legal liabilities. Buyers of new real estate projects in Ahmedabad should check that the encumbrance certificate is up-to-date and that there are no pending mortgages or loans against the property.
Khata Certificate
A Khata certificate is a document that identifies the property for the purpose of property tax assessment. Buyers of new real estate projects in Ahmedabad should ensure that they mention the developer’s name in the Khata certificate and that they pay all taxes up-to-date.
NOC from Society
If the new real estate project is part of a society, the buyer should check that the developer has obtained a No Objection Certificate (NOC) from the society before starting construction. The NOC verifies that the society has approved the construction plan and that there are no legal disputes related to the property.
Completion Certificate
The concerned authorities issue a completion certificate to certify that the construction of the property is completed as per the approved plan. Therefore, buyers of new real estate projects in Ahmedabad should confirm that the concerned authorities have issued the completion certificate, and the property is constructed as per the plan.
Occupancy Certificate
An occupancy certificate is a document that certifies that the property is ready for occupancy and that all necessary amenities such as water, electricity, and sanitation are in place. Before taking possession of the property, buyers of new real estate projects in Ahmedabad should ensure that the concerned authorities have issued the occupancy certificate.
Power of Attorney
If the developer has appointed a Power of Attorney (POA) to manage the affairs related to the property, buyers should verify the POA document and ensure that the person appointed has the necessary authority to act on behalf of the developer.
Along with these documents, buyers of new real estate projects in Ahmedabad should also verify that the relevant authorities approve the building plan and that all property tax receipts and mutation documents are up-to-date.
By checking these must-have documents, buyers of new real estate projects in Ahmedabad can make a smart investment decision and avoid legal disputes and financial liabilities. So, before investing in a new real estate project in Ahmedabad, be sure to do your due diligence and verify all the necessary documents to ensure a hassle-free ownership experience.
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