Legal Checklist For Buying A New Home

Once you decided to buy a new home, it's your responsibility to verify the property complies with all legal requisite legal checks. As owning a new home of your dreams is a financial commitment, you should be vigilant in each step of the home buying process.  Here is a legal checklist for buying a new property.

•    Title and ownership of the property

You must verify the documents related to the title and ownership of the property. Ensure these documents are duly stamped. Make sure the property is free of any past litigations before making the investment in.

•    Compliance under RERA act

The RERA Real Estate Regulation and Development Act mandates that the developer should register their projects with the concerned authority. Crosscheck whether the project is registered with the authority under RERA.

•    Land use permission

Examine the master plan and make sure the building is constructed according to the municipal authority’s zoning plan.

•    Approvals

The buyer needs to check the project’s statutory approvals issued by the government and concerned regulatory authorities.

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