What is the most critical document to verify when buying an under-construction flat?

The title deed and the RERA registration certificate are the most critical documents, as they confirm the project’s legal ownership and regulatory compliance.

How can I verify the authenticity of the Title Deed?

You can obtain a certified copy of the title deed from the local sub-registrar’s office and have it reviewed by a qualified legal expert.

What happens if the builder fails to provide an Occupancy Certificate?

Without an Occupancy Certificate, you cannot legally move into the property. In such cases, you can file a complaint with RERA for resolution.

Are Commencement and Completion Certificates the same?

No. A Commencement Certificate allows the builder to start construction, while a Completion Certificate confirms that the project has been constructed as per approved plans.

How do I check if the builder has all the necessary approvals for the project?

You can verify approvals such as the Commencement Certificate, IOD, and sanctioned layout plans through the RERA portal or the local municipal authority.

What should I do if the Encumbrance Certificate shows pending liabilities?

You should avoid purchasing or taking possession of the property until all liabilities are cleared and properly documented.

Can I proceed with the purchase if the project is not RERA-registered?

It is risky to buy a non-RERA registered project, as you will not receive RERA protections, increasing the risk of fraud or financial loss.

What is an Allotment Letter, and why is it important?

An allotment letter confirms that a specific under-construction flat has been allotted to you. It outlines payment terms and acts as a precursor to the Builder-Buyer Agreement.

What are the consequences of signing an agreement without reading hidden clauses?

You may be legally bound by unfavourable terms that could impact your rights and finances. It is always advisable to consult a legal expert before signing any agreement.

Can I sell an under-construction flat before possession?

Yes. You can sell an under-construction flat before possession, subject to the builder’s transfer policy and the terms mentioned in the agreement.

How does GST apply to under-construction flats?

GST is applicable at 5% for non-affordable housing and 1% for affordable housing on under-construction flats, without input tax credit.