Gunjur is amongst the fast-emerging residential locations in East Bangalore. It boasts a tranquil environment away from the hustle and bustle of city life. Its serene surroundings provide a peaceful ambiance, ideal for families seeking a quiet and harmonious living experience. Gunjur boasts of the best infrastructure, social, healthcare, and educational facilities.
This blog presents a checklist for buying flats in Gunjur:
1. Legal Due diligence
Ownership titles, land use permissions, approvals from local authorities and municipalities, and clearances are important documents to check and make sure flats in Gunjur are legitimate. These documents should be verified by a competent legal advisor with experience in real estate law. This step is crucial to avoid legal hassles in the future which are both time and money-consuming.
2. Builder Reputation
The reputation of the builder is an important factor before short-listing projects. Project reviews, customer feedback, and online ratings will reveal the builder’s track record. It’s always safe to select a reputed builder who has completed many projects promptly. The services provided by the builder like assisting with documentation, legal work, registration process, and possession as per timelines are also important considerations while buying 2 BHK or 3 BHK flats in Gunjur.
3. Physical Inspection
Hiring an inspector is a convenient and quick way to complete the inspection process thoroughly. The report provided by an experienced inspector will be a credible document that can be used while discussing with the developer. Inspections should include interior and exterior inspections so that there are no loopholes. The property should be free from molds, damp regions, cracks, uneven settings, etc. 2 BHK or 3 BHK flats in Gunjur with defects can be a major liability.
4. Permissions
The Occupancy Certificate, commonly known as OC, is issued by the local municipal office when the construction is complete. It is proof of the building’s safety for living and in compliance with the necessary regulations. The developer should have the relevant NOCs for the location of the property. No Objection Certificates (NOC) are issued by the Fire Department, the Pollution Control Board, the Highway authorities, and the Aviation Department. The project should not have any property tax dues to the municipality. The municipality office of the location can be approached to find out the status of the property tax payments.
5. Documentation
The sale and purchase agreement is an important binding contract between the seller that outlines the terms and conditions of the transactions. Make sure that these are understood clearly. If there are any ambiguities, they should be cleared immediately. The document should be vetted by your legal advisor and the agreed terms should be met.
These are important checklists that should be verified before the purchase is completed.
