Flats for sale in Bangalore

Are you on the lookout to buy a flat in Bangalore? It is one of the most significant financial investments most of us will ever make. It is imperative to pay attention to legal factors and see that all necessary legal documents are intact. The city has a thriving real estate market, and apartments are the most sought-after option. However, the transaction needs reconfirmation of your documents to safeguard your investment. Below are some necessary documents.

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Sale Deed 

The Sale Deed legally proves the transfer of title from the seller to the buyer. Before signing, register the sale deed at the Sub-Registrar's office. It would be better to spell out the particulars of the property along with the sale consideration, enactment, and signing of the event parties. 

Mother Deed 

The mother deed or parent document is a registered document that specifies a property's ownership history. It is mandatory to define ownership in the eyes of the law and use this for buying or reselling a flat in Bangalore. 

Khata Certificate and Extract 

The Bruhat Bengaluru Mahanagara Palike (BBMP) issues the Khata certificate to confirm permanent property registration in your name for tax payment purposes. The details of the property, like size, location, and the built-up area, can be seen on the (Khata extract). When taking a home loan for flats in Bangalore, this document becomes essential as it establishes an ownership right to the property. 

Encumbrance Certificate (EC) 

The EC reflects the clear title of a property without any legal obligation or monetary liabilities. You can get it in the Sub-Registrar's office; however, it usually needs to be kept awake within 13 to 30 years past the time for the title to be clear. 

Building Plan Sanction and Commencement Certificate 

To avoid any legal issues in the future, ensure that the Bangalore Development Authority (BDA) or BBMP has sanctioned the building plan. A commencement certificate confirms that the legal construction of the building has started. 

Occupancy Certificate (OC) 

BBMP issues the OC once the project is ready and complies with all building laws. When you buy ready-to-move flats in Bangalore, ensure the seller furnishes this certificate. 

Allotment Letter and Possession Certificate 

When purchasing from a builder, the allotment letter confirms flat details, price, and payment schedule. After completion, the authorities issue a possession certificate and hand over physical possession. 

NOC from Relevant Authorities 

A No Objection Certificate (NOC) is a legal document issued by any government department, such as electricity, water, landscape, pollution control board, or any other department, where there are pending dues against your name. For housing societies, the ownership letter from society is mandatory.‍

‍Final Thoughts 

Right documentation is an extremely important factor to claim your rights and if you do not have one, it is impossible to prove it. You should always cross-check all the above documents with a property lawyer's help before buying Flats in Bangalore. Additionally, ensure that all are duly stamped and registered. 

Buying a home in the upcoming metropolitan area of Bangalore with Oceanus Group is a safe and secure investment.