Always Buy A Legally Clear Property By Construction Contractor in Delhi?

Real estate in India is going through a tough time and has become an even more demanding and tiring experience for home buyers. The property buyers are facing issues such as legal clearance of the property bought by Construction Contractor in Delhi. 

Such incidences make it necessary for the home buyer to understand the importance of checking legal documentation and construction approvals of the project chosen by them, even if it is a highly reputed builder. The buyer can take the help of a Construction Contractor in Delhi to get all verifications done before investing in the property. This may cost the home buyer some time and money but it is better than getting caught up in the lengthy litigations at a later stage.

To avoid any property-related litigation, the home buyer must pay attention to the below-mentioned factors before closing the deal.

Verification - The records of the property can be found at Sub Registrar's office. One can find the name of the property owner and any changes in the title in these records. It will have an entry of the present owner in it and this document can be checked at the local Municipal's office. 

Legal dues - Check the encumbrance certificate to find out if the property is free from any mortgages and any other legal dues.

Project plan - In case of under-construction projects, do remember to check if the building plan has been approved by the concerned authorities. The buyer can compare the sanctioned building plan and the actual built-up area of the building to see if it is not an illegally constructed project. Also, verify the layout approval from the concerned authorities.

Bank approvals - This is one of the best and highly trusted methods of finding out that the property under consideration has all the legal clearances. If the project chosen by you is approved by the reputed banks for home loans, you can trust them as the bank must have already verified the title deed clearance and other legal documents.

If you check all these factors before buying the property it will be helpful in avoiding any legal dispute arising due to illegal construction, and other legal documents at a later stage and thus saving any loss in terms of money and time to the home buyer. The Construction Contractor in Delhi has gone a step further in providing consultancy on such regal aspect to their prospective clients along with providing broking services.