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6 musts before you buy a house
September 07, 2007
Missing Links:
Vishal Garg, a Delhi-based real estate lawyer, gives four small but important tips.
Establish the property's authenticity. You can get original documents from the sub-registrar's office, House Tax Department (check on the arrears and chain of owners), Land and Building Office. The last also has a RTI cell that can be used to check the property's status and whether the land has been notified.
Take a loan. Even if you can buy from your own resources, opt for a loan as banks' own due-diligence reinforces yours.
Don't forget the frills. Be clear on issues like parking slots and the area allotted to you.
Take permission. Take the permission of other floor owners in case of reconstruction.
Before buying a house, don't forget the frills. Be clear on issues like parking slots and the area allotted to you.
Photo courtesy: Hiranandani
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