There are a lot of factors you need to keep in mind before you buy a home and the most important of which are the legal check points. Keeping a checklist of essential legal necessities is an even better investment than buying a home itself. Following are 5 essential legal checks for a hassle home buying experience so the property you are buying is legally transparent:
Clear title papers
It is absolutely essential to check the legal documents of a property before you make an investment. The most important factor of this is checking if the title is clear or not and it is best to hire a property lawyer to check if everything is clear.
Approvals by leading banks
One sure way of knowing whether a property is legally in the clear is to see if it is approved by leading banks. Banks only approve properties that have a strong legal clearance with valid documents.
Mortgages on the property
If you are buying a resale property, then it is essential that you check if there are any mortgages against it. Be sure to make a thorough research about the background of the property you are buying.
Constructed area and sanctioned area
Before buying property, ask your developer for the sanctioned plan and check it against the actual built up area. Illegal constructions that extend by even a foot can affect your property later.
Paying property tax is a yearly necessity. It helps make sure that all papers are in order. It shows the owner’s responsibility towards the property and is also an assurance of the availability of all the legal documents.
If you are looking to invest in a property in Bangalore and looking for a property that has all legal clearances, why look further beyond Altana by the trusted Salarpuria Sattva. Altana offers 1, 2 and 3 BHK residential flats in Vijayanagar Bangalore. World-class amenities and excellent connectivity in the posh Vijayanagar await your arrival.
Check out these contemporary 2 and 3 BHK residential apartments in Vijayanagar Bangalore here