Legal Aspects of Buying an Apartment.
by admin - August 14th, 2009.Filed under: Legal Aspects. Tagged as: chennai real estate, Legal.
Before buying an apartment carefully examine all types of legal documents related to the building, and the land. You can ask for the certificates and documents cleared by the respective agencies or boards.
* Check that property has clear legal titles or not.
* Check that whether the developer has the right to transfer the properties. Has he taken transfer of property approvals from the statutory land development or planning authority or competent authority constituted under the Urban Land Ceiling and Regulation Act and the Income-Tax Act.
* Check that the developer has acquired approvals from the Municipal Corporation, Area Development Authorities, Electricity Boards, Water Supply & Sewage Boards.
* Scrutinize the contract and take help from legal experts before signing.
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