Essential Property Verification Checklist

Before investing your hard-earned money in any property, thorough verification is crucial. Here's a comprehensive checklist to ensure your investment is safe and legal.

Title Documents Verification

  • Title Deed: Verify the seller's ownership rights
  • Sale Deed: Check previous transaction history
  • Mutation Records: Ensure property is mutated in seller's name
  • Encumbrance Certificate: 30-year transaction history

Approvals and Clearances

  • Building Plan Approval: From local municipal corporation
  • Commencement Certificate: Permission to start construction
  • Occupancy Certificate: For completed projects
  • Environmental Clearance: For large projects

RERA Compliance

  • RERA Registration Number
  • Project details on RERA website
  • Quarterly progress reports
  • Financial details and approvals

Financial Verification

  • Bank loan approvals for the project
  • No Objection Certificate from banks
  • Audit reports of the developer
  • GST registration and compliance

Physical Verification

  • Site visit and inspection
  • Boundary verification
  • Access roads and utilities
  • Neighborhood development

Legal Opinion

Always consult a qualified property lawyer for:

  • Document verification
  • Legal opinion on title
  • Agreement review
  • Registration process guidance

Remember: A small investment in verification can save you from major legal troubles later.