A 10-point checklist before taking possession of your apartment

Well done! You’re the proud owner of your dream home. You’ve worked hard for this major milestone in your life by putting all things in order especially the finance for it. But, hold on before taking possession of your home. Do you know that you require some more documents to show you are the legal owner of your beautiful home? And that there are several other loose ends to be tied up with your builder/developer before they hand over the keys of your home to you?

Here’s a quick checklist to refer to before you take the keys and move into your forever home.

While the builder/developer is handing over the keys to your home, you must ensure you take all the original documents and the photo copies of some essential documents from the builder/developer of the completed home or one under construction.

• Occupancy Certificate (OC): This is a mandatory document issued by a statutory body which is the civic authority such as the BBMP in Bengaluru, allowing permission to occupy the property. It also signifies the compliance of the building to the approved plan and other building laws stated by the BBMP.

• Khata: This document signifies the person’s name and ownership details of the property under the jurisdiction of the local BBMP office which maintains the records. Khata also serves as proof of property tax payment by the owner.

• No Objection Certificate (NOC): Your developer will need this crucial document of clearance from various local government departments such as the BWSSB, BESCOM, KPTCL, Environment Boards, etc before beginning the construction of the residential project.

• Encumbrance certificate: Your developer should provide this legal document that ensures that you have complete ownership of the property without any financial or legal liabilities arising later from others claiming to own your home or the land where your home is built.

• Completion Certificate: A legal document stating whether the building has been constructed according to regulations and norms.

• Building plan approvals: This is a vital document that tells you whether the building plan of your home has been approved and authorized for construction by the BBMP or BDA or if it’s an illegal one.

• Allotment letter: If you are borrowing a housing loan for your home, the bank releases the loan on the basis of this letter. The developer of your project issues this letter with details of the property you are buying a home in.

• No Dues Certificate: If you have completed all the payments to the developer, he is required to give you the No Dues Certificate while handing over the home to you. Ensure you get one.

• Sale deed: This is the main legal document that certifies you are the legal owner of your home. Your developer will transfer all rights of ownership of the property to you. This document will help you sell your property in future if you seek to do it.

• Due diligence: Before you take possession of your home, you must do ‘due diligence’ or survey of the completed project. Every developer will promise a host of amenities before the project is launched. However, only credible ones like HM Constructions https://www.hmconstructions.com/ will adhere to the commitment when it comes to providing the basic requirements as well as a bouquet of luxury essentials. Check if all amenities listed by the developer such as electricity, water and power backup, elevators, car parking bay, maintenance, clubhouse, gym, swimming pool, gardens, common areas, security, intercom facility, etc are as per the plan and promise. Ensure all the fixtures, plumbing, wiring, etc are in smooth functioning condition.

You will be at peace when you know your home is just perfect for you and your family to move into comfortably.

Call us on 8880225555 for a home visit today!