Buying an apartment for yourself and your family is a dream for most people in India. Meticulously planning to save money for several years can be daunting. But, home buying can be pretty smooth if you have the correct documents and an excellent legal understanding. While buying a 3BHK Flat in Gurgaon, you must be highly cautious at every step of the process until the process is complete.

Let us discuss the legal documents you need to buy a new home.

1. RERA Registration Certificate

Once you have selected the property you want to buy, you must check whether the project and the builder are registered with RERA. Using this, you can check the builder and project details.

2. Letter of Allotment

If you are planning to buy an under-construction building, it is advised that you get the allotment letter which will include all the correct details of your apartment or home and the financial details. Additionally, this letter of allotment is required for getting a housing loan from a bank or any other financial institution, as the document is proof of the actual property price.

3. Occupancy Certificate or OC

This crucial legal document allows the home buyer to physically possess the property. This document also proves that the development authorities or the municipality has inspected the property and that the developer has followed all the government-recommended rules and regulatory conditions. It is mandatory to get the occupancy certificate. Failure to do so will result in a penalty or eviction to the buyer.

4. Khata Certificate

Property tax is another mandatory charge that must be paid while buying the property. In Karnataka, property tax is known as khata or khata property tax. A Khata certificate is a legal document that represents the property assessment account. The document contains crucial information about the property, like the carpet area, the demarcations, the build-up area, and the owner's details (name, age, address, property tax ID). Khata certificates have different names across different states. Like in Maharashtra, it is known as a property register card.

5. Sale Agreement

This is one of the first documents you receive while buying a new home. The sale agreement includes the sales terms and the conditions of the property between the developer and the buyer. This critical document also contains the total payment that has to be made, the amount of payment that has already been made, and the expected date of the full payment. The sale agreement document facilities the sale process and acts as a map for financial transactions with the property descriptions.

6. Sale Deed and Title Deed

This is the final document of ownership. The sale deed records and maintains the actual ownership transfer of the property from the builder to the owner. It has to be registered at the sub-registers office so that the property you are buying can be included in the jurisdiction of the city where the transaction takes place. The sale deed also marks the end point of the sale agreement and initiates the beginning of the sale process.

7. NOC

NOC or non-objection certificate is a mandatory document you must get from the developer. Without a NOC, IOD cannot be granted to the builder. If you are planning to buy a 2BHK flat for sale in Gurgaon, these documents and necessary checks will ensure a smooth buying process. To buy the best 2, 3 BHK and penthouses in Gurgaon, you can visit Krisumi Japanese Waterfall Residences.