Metropolitan regions have a higher scale of investment when it comes to the real estate industry. A city like Mumbai falls at the top geographic destinations making any property here an expensive transaction. If you are planning to invest in a property in Dahisar, you must ensure that all the paperwork is aptly executed.
Below mentioned is the list of documents that you must have a check done before purchasing a property in Dahisar:
Sales Deed document:
The sales deed document is the proof of ownership of the property that legally makes you the buyer of the property. This is the primary document that begins the procedure from buying the property till you move in. The sales deed has all the terms and conditions about the property mentioned which you should ensure is in place before you sign it.
The CC and OC:
When you look for any flats in Dahisar, you will find out that all the developments have two-step verification until it becomes a legally full proof for you to invest in them. Step 1 is the completion certificate or the CC which is issued by the authorities of the city after they audit the complete construction of the project. Post this comes step 2 which is the Occupancy certificate or the OC which is issued by the government after the project is audited for its eligibility of having residents move in.
EC or Encumbrance Certificate:
Lets consider that you are looking for 3 BHK flats in Dahisar and you have finalized one of them. The process of checking the above documents will validate the project being perfect for you to start living there and for you being the owner of your property. However, real estate is a big fund market and you require to have proof that mentions there are no monetary liabilities on your property. This proof is called Encumbrance Certificate.
MC or Mutation Certificate:
Once you are clear with everything, you also must keep your image clean in the government records of taxation. The mutation certificate is the legal document that signifies that the owner has no legal tax liabilities. This helps you avoid any hassles in the other documentation for getting your property ownership.
The building plan:
The building plan is the document that holds the design to how the project will look after completion. This is the most important document that proves what you have signed up for. There are chances that the developer might change the design midway through the construction and your product might not be what you paid for. To avoid this misconception, you must have a proper building plan.
In conclusion, the list of documents involved in the process of property ownership is long and there are many things involved. Make sure you choose a trustworthy source to grasp the knowledge before you finalize on any property.