Buying a residential property in Mumbai requires you to plan and then execute. You need to be focused on what are things you will need to buy a home. Also, if you are taking a home loan for your dream house, then you will need to submit some documents to the developer as well as the bank or the institute which is granting a loan.
The basic documents required while buying a home or applying a home loan for your residential property purchase are as follows:
1) Sale deed, Title deed and Mother deed
2) General Power of attorney
3) Documents related to the building plan sanctioned by the officials
4) NOC (No Objection Certificate) from the Electricity Department
5) Allotment Letter from the developer or builder of the co-operative housing society
6) Sales and construction agreement between the builder and 1st owner
7) A copy of possession letter from the developer
8) All the payment receipts paid towards the builder
9) If the property was on loan, ask the seller to submit the loan documents
10) The deed should mention that the dues will be cleared the seller
11) Copy of possession and payment receipts should be taken from the seller
12) The authentic sales agreement by the seller
13) Latest Paid Tax receipts of municipal tax, property tax and other tax
14) NOC from the society or building association
15) A No Due Certificate from the building committee
16) Completion (if the building is underdeveloped) and occupancy certificate
17) Deed of declaration
18) Latest electricity bill
Mentioned above is the list of documents that you should present or acquire while purchasing a residential property in Mumbai. For ex. If you are planning to buy 3 BHK flat in Andheri East, you need to follow above tips regarding documentation. Besides, you also need to do study on other factors like property rates, location, facilities, etc.
The basic documents required while buying a home or applying a home loan for your residential property purchase are as follows:
1) Sale deed, Title deed and Mother deed
2) General Power of attorney
3) Documents related to the building plan sanctioned by the officials
4) NOC (No Objection Certificate) from the Electricity Department
5) Allotment Letter from the developer or builder of the co-operative housing society
6) Sales and construction agreement between the builder and 1st owner
7) A copy of possession letter from the developer
8) All the payment receipts paid towards the builder
9) If the property was on loan, ask the seller to submit the loan documents
10) The deed should mention that the dues will be cleared the seller
11) Copy of possession and payment receipts should be taken from the seller
12) The authentic sales agreement by the seller
13) Latest Paid Tax receipts of municipal tax, property tax and other tax
14) NOC from the society or building association
15) A No Due Certificate from the building committee
16) Completion (if the building is underdeveloped) and occupancy certificate
17) Deed of declaration
18) Latest electricity bill
Mentioned above is the list of documents that you should present or acquire while purchasing a residential property in Mumbai. For ex. If you are planning to buy 3 BHK flat in Andheri East, you need to follow above tips regarding documentation. Besides, you also need to do study on other factors like property rates, location, facilities, etc.
