11 Important Property Documents Required for Purchase of Property as Per RERA
Introduction
Buying property is one of the most significant investments in life, and ensuring the purchase is secure and legal is essential. The Real Estate (Regulation and Development) Act, 2016 (RERA), was introduced to bring transparency and accountability to real estate transactions.
Ashapurna Buildcon, a leading real estate developer in Rajasthan, has set benchmarks for delivering RERA-compliant projects, ensuring a hassle-free property buying experience for customers. Let’s explore the essential documents required for a RERA-compliant property purchase and how Ashapurna Buildcon stands out in ensuring transparency.
Key Property Documents for a RERA-Compliant Property Purchase
1. Sale Deed
The sale deed is the cornerstone of property ownership, legally transferring the rights from the seller to the buyer. This document is essential for registering the property under your name.
Ashapurna Buildcon ensures all sale deeds are meticulously prepared and registered to protect buyers’ interests.
2. Agreement for Sale
The agreement for sale outlines the terms and conditions between the buyer and the developer before the final sale. It includes details like payment schedules, possession timelines, and penalties for delays.
Ashapurna Buildcon’s agreements for sale are transparent and buyer-friendly, making it easier to understand the project’s specifics.
3. Title Deed
The title deed is crucial for establishing ownership rights over the property. It’s imperative to verify its authenticity to avoid legal complications.
Ashapurna Buildcon ensures that every project has a clear and marketable title, giving buyers peace of mind.
4. Encumbrance Certificate (EC)
This certificate confirms that the property is free from financial liabilities, like loans or unpaid dues.
Ashapurna Buildcon’s properties are delivered with clean encumbrance certificates, reflecting their commitment to legal transparency.
5. Approved Building Plan
An approved building plan ensures that the construction adheres to local laws and zoning regulations.
All Ashapurna Buildcon projects comply with approved plans, ensuring buyers invest in legally sanctioned developments.
6. Occupancy Certificate (OC)
The occupancy certificate certifies that the building complies with safety and legal standards. Without an OC, the property is deemed unfit for occupation.
Ashapurna Buildcon obtains OCs for all completed projects, safeguarding buyers against legal risks.
7. Completion Certificate (CC)
A completion certificate is issued after the construction is completed according to approved plans. It’s a vital document to verify before making the final payment.
Ashapurna Buildcon ensures timely issuance of completion certificates for all projects.
8. Allotment Letter
For under-construction properties, the allotment letter specifies unit details, payment terms, and possession timelines.
Ashapurna Buildcon provides detailed allotment letters to maintain clarity and transparency in transactions.
9. Property Tax Receipts
Cleared property tax receipts indicate that the property has no outstanding dues.
Ashapurna Buildcon ensures all projects are up to date on property taxes, shielding buyers from unexpected liabilities.
10. RERA Registration Certificate
RERA mandates that every real estate project must be registered to ensure compliance with legal norms.
Ashapurna Buildcon is a pioneer in delivering RERA-compliant projects, making it a trusted choice for buyers.
11. NOC (No Objection Certificates)
NOCs from various authorities, like the fire department and environmental agencies, confirm the project adheres to legal standards.
Ashapurna Buildcon secures all necessary NOCs for its developments, ensuring buyers a smooth transaction.
Ashapurna Buildcon: A Trusted Name in RERA-Compliant Real Estate
Ashapurna Buildcon has been a prominent name in Rajasthan’s real estate industry, known for delivering quality projects with a focus on legal compliance and customer satisfaction. With years of experience, the company has earned the trust of thousands of buyers by adhering to RERA norms and prioritizing transparency.
Steps to Verify Property Documents
- Cross-check all documents with relevant authorities.
- Use government portals like the RERA website for verification.
- Consult legal experts for a thorough review.
Common Mistakes to Avoid While Checking Documents
- Ignoring RERA registration.
- Overlooking encumbrance certificates.
- Not verifying title deeds.
Benefits of RERA Compliance in Property Purchases
RERA compliance ensures transparency, accountability, and timely project delivery, protecting the buyer’s rights and investments.
Conclusion
Investing in real estate is a major decision that requires careful consideration of legalities. By ensuring all necessary documents are in place, buyers can avoid potential pitfalls. Ashapurna Buildcon’s commitment to RERA compliance and customer-centric practices makes it a reliable partner for your property purchase.
FAQs
1. How does Ashapurna Buildcon ensure RERA compliance?
Ashapurna Buildcon registers all its projects under RERA, adheres to its guidelines, and provides buyers with complete transparency.
2. What is the significance of a sale deed?
The sale deed legally transfers property ownership from the seller to the buyer, making it indispensable.
3. How do I verify if a property is RERA-registered?
Visit the RERA website and search for the project using its registration number.
4. Why is an encumbrance certificate necessary?
It confirms that the property is free of financial or legal liabilities.
5. What happens if a property lacks an occupancy certificate?
Without an OC, the property is deemed unsafe and legally unfit for occupation.