| LEGAL ADVICE FREE OF COST
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| BUYERS…… BEWARE!!
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| PRECAUTIONS:
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| 1. The Buyer who intends to purchase a Flat / Plot / Ind. House / Bungalow must verify the title of the Land Owner or the Builder.
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| 2. The plans of the Building / Bungalow / Ind.House / Plot should be inspected and should be verified whether they are approved / sanctioned by the various competent authorities.
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| 3. Encumbrance certificate is not sufficient, as it does not disclose the Mortgage made by Depositing Title Deeds. The Builder / Owner creates Mortgage by depositing original Title Deeds with the banks and keeps the purchaser in dark.
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| 4. Verify the original Building / Bungalow / Ind. House plan approved by the Municipal Corporation and find out if there are any variations.
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| 5. Insist on details of Fixtures and Fittings and other amenities, parking areas, in case of purchase of Flats.
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| 6. Verify if water, sewerage, Electricity and Lift connections are included in the price in case of purchase of Flats.
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| 7. Completion of Building on time and on completion, the Builders must obtain occupancy certificate from the Municipal Corporation.
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| 8. Whether Betterment /Development charges are paid by the Builder / Owner.
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| 9. Verify the development Agreement between the developer and the Land owner.
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| 10. Common areas like parking, terrace, open space etc should be mentioned in the agreement.
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| 11. The Buyer should inspect the premises during the course of construction so that he would know that the construction is being made as per the specifications.
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| 12. For proper maintenance, the Flat buyers must organize themselves and form an association.
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| * This advice is only for guidance, we request the parties (here the buyers) to consult their advocates / solicitors in the matter. We shall not be held responsible even after taking above mentioned precautions there is any legal problems.
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