Documents to Check with Property Developers While Buying an Under Construction Property

Are you buying an under construction property? If so, then know about the important documents that you need to check your property developers in Chennai. As all of us knew that, buying a plot or home is one of a decisive task, which requires a lot of capital investment. Unless, one consider it as a vital point and proceed doing a thorough research and due diligence before doing any property investments.

Similarly, it is important to make sure of the real estate assets that you wish to buy is free from any disputes. Although, being specific about the capital appreciation of the property in the long-term, you must ensure to check all the following documents given below. It may be a property buying or booking, as a property buyer if you wish to buy any under-construction properties in Chennai, and then initially try to get your commencement certificate.

What Is A Commencement Certificate?

The corporation authority will issue a certificate of commencement to the builder. The certificate is a mandatory for any real estate developers in Chennai, as this certificate allows the builder to commence any building construction, which ensures that all the criteria has clear to proceed construction from the builders end. This commencement certificate is issued after obtaining the builders license, sanction letter and map permission.
Thus, the buyer of an under-construction property should always ask for the certificate of commencement that is been issued by the corporation authority of Chennai. In addition, getting this certificate proves that the property developer has undergone with all the rules and regulations, and ensures that there is no any legal disputes for the under-construction property you wish to buy or invest.

As there are several existing home project cases in the city, which later comes to the knowledge of the buyer that the projects are cancelled due to unlawful construction permissions.Thus, it is a mandatory task for any under-construction property buyer to check for the commencement certificate and other payment receipts against the property from the property developers in Chennai. As it is necessary for a buyer to be aware of all the legalities before investing on any real estate properties in Chennai.