Perfectly known as the “Pearl City”, Hyderabad has evolved as the new destination for real estate investors and home buyers. The city has emerged as one of India’s most developed metro cities and is the major IT, pharmaceutical, and biotechnology hub. Its convenient and affordable lifestyle combines the best city facilities and ever-improving infrastructure to make life perfect here.
Thus, Hyderabad is the ideal city for you to make your real estate investments. If you are planning to buy a house in Hyderabad, please remember that there is a streamlined process that you can follow to make sure the entire procedure is seamless.
Given below is the list of legal documents that are required to buy property in Hyderabad-
1. Title Deeds
Title deeds form an important part of legal documentation for any real estate investment in Hyderabad. It is the title deed that can prove the actual seller of the property by affirming ownership. Title deeds help to check if the property is legally owned by the seller trying to sell the property. If you are the buyer, check the title deed properly and obtain the same. Failure to do so can land you in legal issues in the future.
2. Conveyance/Sale Deed
It is another crucial document that is required to buy property in Hyderabad. A sale deed includes valuable details of both the parties involved in the deal, i.e., the buyer and the seller. Other valuable details like the area of the property, payment figures, and registration dates are also mentioned in the sale deed. The sale deed is essential to prove the transfer of rights, title, and ownership of the concerned property from the seller to the buyer.
3. Tax Receipts and bills
It is essential to check that the seller has cleared all the property taxes levied by the state government to avoid any unpleasant penalties that the Municipal authority can charge in the future. Thus, while buying a flat or property in Hyderabad, do not forget to check the property tax bills and receipts.
4. 7/12 Extract Document
While purchasing any plot or land in Hyderabad, 7/12 extract documents are required the most. These documents provide essential information like the survey numbers, the current owner, and the registration date. It also provides essential information about the history of land ownership.
5. Building Plan Approval
You should check this vital document before finalizing a property deal in Hyderabad. Every property dealer must obtain a building plan approval per the RERA Act. Greater Hyderabad Municipal Corporation regulates the processes involving building plan approval.
6. Commencement and occupancy certificate
Another important document you must check while buying a flat or property in Hyderabad is the Commencement and Occupancy Certificate. Builders must obtain a commencement certificate from GHMC after completion of construction by compliance with all the standards. It acts as proof that the property is ready for occupation.
7. Other Important Documents
Urban Land Ceiling NOC, NOC from local electricity and water authorities, Intimation of Disapproval, Building Completion certificate, and Encumbrance Certificate are essential legal documents you should surely check before purchasing your property in Hyderabad. Also, check whether the seller or developer has all the necessary approvals and allowances required for smooth possession of the flat or property.
Don’t get appalled by the processes that go into buying that perfect space for yourself. It is not very complicated, and with a little knowledge, you will be able to crack the right deal. Just know your options and the legal aspects involved. There are several players in the real estate market of Hyderabad but keep your eyes open for the right one. One such trusted name is Bolleneni Bion.
Their luxury adobes are not to be missed. Check with the upcoming, under-construction housing societies that BSCPL Bollineni Bion is coming up within Kondapur, Hyderabad. And if you are looking for that ultimate elite experience within the lap of nature, check for the Bollineni Panache royal apartments- you will not be disappointed.
