Choosing between an under-construction house and the ready-to-move-in flats depends on the individual requirements. However, with the delay in under-construction projects, many people are choosing to buy read-to-move-in flats. The best thing about the ready-to-move-in flat is that the buyer will get what he sees. Moreover, it will offer him a sense of security and reduce the expenses of the rental income. But before choosing to purchase a ready-to-move property the buyer needs to be aware of the crucial documents. 

Here is the list of important documents that a buyer needs to be aware of before buying a ready-to-move property: 

Sale Deed: It is a legally registered document that assures the sale and purchase of the property. Therefore the buyer needs to thoroughly review the sale deed document before signing it. 

Building Plan: The building plan consists of the layout of the building and the other utilities. It is approved by the municipal authorities. When the building is not properly constructed according to the rules and regulations it can result in the demolition of the building. Hence, the buyer needs to check the building plan to avoid potential risks in the future. 

Completion and Occupancy Certificate: The occupancy certificate will be issued by the local government agency to ensure that the building is constructed according to the rules and regulations and is suitable for habitation. On the other hand, a completion certificate will be issued by the municipality to confirm that the project is completed. Hence, verifying the certificates will be beneficial for the buyer to confirm the reliability of the building.

Mutation Certificate: The buyer needs to check the mutation certificate as it ensures that the property has been successfully transferred to the respective buyer. To avoid any discrepancies in verifying the documents it is advisable to seek the help of the legal advisor. 

Encumbrance Certificate: The buyer needs to make sure that the property they are purchasing doesn’t have any dues. To ensure this, they can obtain the encumbrance certificate which consists of all the required details related to the building’s legal liabilities. 

General Power of Attorney: The buyer needs to check for any previous purchase made through the GPA. If any such purchase is made, then the buyer needs to obtain the certificate that ensures that the property has been purchased by an authorized person. 

No Objection Certificate: Various departments such as electricity, water, and gas boards issue the no objection certificate. This certificate ensures that there are no acquisitions or claims related to the building establishment. 

The risks involved in purchasing the read-to move-in flats can be evaded by looking at the required documents such as the Sale deed, Mutation Certificate, No objection certificate, Building plan, Encumbrance certificate, and several other documents listed above. All these documents will ensure the safety and robustness of the building thereby it is crucial to check these documents and verify them by seeking the help of the legal authorities.