Property Purchase

Instructions to members of public about CO. OP. HSG. Societies and how to prevent cheating at the time of purchasing flats

Verification of Ownership of Land

• Ensure from the City Survey office that the developer has been granted the N.O.C. and the land is Non-Agricultural (N.A.)
• For clear title, 7/12 (Sat Bara) Extract to be verified from the "Talathi" OR "Tahasildar" office.
• For Land in Dispute or in legal litigation - approach "Bailiff" or "Arbitrator" from High Court.

N.O.C.’s of Various Authorities

• Fire Brigade: Especially for high rise buildings
• Traffic Department
• Electricity Co. for electricity supply
• IAAI: Building in airport vicinity
• Railway: Near the railway track
• Municipality: for drainage, water supply, commencement certificate

To Check the Legality of the Construction

• Checking of Commencement Certificate or Intimation of Disapproval by the Municipal authorities.
• Contact the Builder / Developer for
  • Plans submitted by the architect
  • Notice in Newspaper for clearance of title of the land
  • Certificate from solicitor
  • Confirm whether Residential or Commercial
  • F.S.I. permitted, and utilized by the builder
  • Percentage of reservation made for Government flats or any special category
  • Whether covered under Urban Land Ceiling Reservation

Entering into Agreement

• The agreement for sale should be properly signed by the concerned parties
• The agreement must be attested by two witnesses
• Only the agreement registered with the Collector will be treated as the "legal document"
• Stamp Duty should be paid only at the Collector’s Office at the time of registration of the agreement

Mode of Payment

• Cheque is the safest way of payment.
• If paid by cash, insist on receipt.
• Repayment of loans obtained from the Financial Institutions should be made only to the concerned Institution and not to the builder or developer.