BUYING A HOUSE IN UTTAM NAGAR? Here’s your checklist

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Uttam Nagar is the best-known hub for both commercial and residential properties. The area is centrally located and is an important hub for important commercial actives of the city. Over the years, people and investors have preferred Uttam Nagar as their preferred area of Investment both in the commercial as well as residential segments. The demand for 3bhk flats and 2bhk flats in Uttam Nagar has always grown and new projects and properties have consistently made their mark in this area.

A huge plethora of commercial properties, 3bhk flats, 2bhk flats in Uttam Nagar makes it a daunting task for you to find your property as per your personalized requirements. Especially the first-time buyers face difficulties while buying their dream property because of the lack of awareness about the documentation and legalities of the purchase process. Kamal associates, the top-rated property consultants in Uttam Nagar bring you a checklist of the paperwork relating to the process of your purchase.

Here is the list of few documents that you will be obligated to show when you make your decision to buy the property. This list will help you to plan your purchase of a 2bhk flat in Uttam Nagar in the most effective way and without facing any legal or paperwork difficulties throughout your process:

  • LOAN: It is important to note that approximately 85% of the price of the property is disbursed as a home loan and the rest of the amount needs to be paid by the buyer at the time of purchase. Hence, for quick loan documentation, it is important to ready your Income tax returns and statements relating to your bank accounts. After taking into consideration your credit score, your loan will be processed.
  • COPY OF THE AGREEMENT: This document contains important points such as taxes, commission, maintenance, and other supplementary factors. The document needs to be finalized carefully as your rights depend upon what’s mentioned in this document.
  • NO OBJECTION CERTIFICATE: The document is prepared at the time of transfer of the property. The area of the society in which you have purchased your 3bhk flat in Uttam Nagar will state their content to transfer the property to you. This also indicates that now you have been registered as the property owner in their books.
  • SALE DEED:  A sale deed is the most important document and it will be handed over to you in the last when the sale has been executed. This document is handed over by the seller or the old property owner to the buyer or the new owner of the property. The document states that this purchase is legal and complete in all aspects.

THE WAY AHEAD:

The checklist needs to be planned and regular monitoring of work and documents should be carried out on time. A good property consultant plays a very important role in carrying out this paperwork. A trustworthy property consultant in Uttam Nagar will make way for you out of the legal jargon and help you to finish your purchase as fast as it can be completed. Kamal Associates comes with an experience of years to help you buy your best 3bhk flat in Uttam Nagar.

                  Therefore, it is always advised to plan your purchase well with the help of a professional property consultant. This planning will undoubtedly make your planning process smooth and make your that you have all the compliance documents to buy and live in your dream property without any worries.

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