The Essential Checklist: Documents You Must Check Before Buying a Property

Buying a property is a major investment, and it’s important to do your due diligence before making a purchase. One of the most critical aspects of this process is reviewing the necessary documents. Here is a checklist of the essential documents you must check before buying a property:

Title Deed: In India, the title deed is known as the sale deed or conveyance deed. You should review the sale deed to ensure that it accurately reflects the ownership of the property and that there are no liens or encumbrances on the property. Under RERA, developers are required to register their projects and provide all relevant documents, including the title deed, to the regulatory authority.
Encumbrance Certificate: In India, the encumbrance certificate is a document that shows whether the property has any outstanding mortgages or legal claims against it. You should review the encumbrance certificate to ensure that the property is free and clear of any liabilities. RERA mandates that developers provide buyers with an updated and verified encumbrance certificate.
Property Tax Receipts: In India, property owners are required to pay taxes to the local government authorities. You should review the property tax receipts for the past few years to ensure that the seller has paid all necessary taxes. Under RERA, developers are required to provide buyers with a copy of the property tax receipts.
Building Approval Plan: In India, the building approval plan is a document that shows that the property has been approved for construction by the local government authorities. You should review the building approval plan to ensure that the property has been constructed according to the approved plan and that there are no violations. Under RERA, developers are required to obtain all necessary approvals and permits before starting construction.
Occupancy Certificate: In India, the occupancy certificate is a document that certifies that the property is fit for occupancy. You should review the occupancy certificate to ensure that the property has been constructed according to the approved plan and that it meets all safety and building codes. Under RERA, developers are required to obtain an occupancy certificate before handing over possession of the property to the buyer.
RERA Registration: Under RERA, developers are required to register their projects with the regulatory authority. You should check that the property you are interested in is registered with the local RERA authority.

It’s important to note that RERA has brought significant changes to the real estate industry in India and has increased transparency and accountability. However, the legal system in India can still be complex, and it’s always a good idea to seek the advice of a legal professional or real estate agent to help guide you through the process. By reviewing these essential documents, you can ensure that you are making an informed decision and that there are no hidden surprises when it comes to buying a property under RERA.