Outlook Money
Before buying a home, one should be clear on every cost component, GST, maintenance and registration.
It is important that a homebuyer insists on clarity about the possession date and penalty clauses in case of delays.
1. One must verify the property's RERA registration status.
One must also verify the developer’s past track record and clear land title and legal ownership
One must also check if the building is approved and see the layout plans. It is also important to check for environmental and other clearances.
One must start with title deeds and land ownership papers.
If it's a joint development, agreement between parties should be examined. Then one should verify the Occupation Certificate (OC), Completion Certificate (CC), and sanctioned maps to ensure the building matches the approved plans.
The registration link from RERA is a baseline check. It’s a very impfilter. Builders cannot get RERA approval without filing key compliance documents. Once approved, they're legally bound to deliver on what's promised.
The state RERA porta provides floor approvals, construction and material specs and promised amenities.