{"id":186,"date":"2019-03-03T11:32:31","date_gmt":"2019-03-03T11:32:31","guid":{"rendered":"https:\/\/nlpl.com\/blog\/?p=186"},"modified":"2019-03-03T11:34:57","modified_gmt":"2019-03-03T11:34:57","slug":"list-of-the-documents-required-to-buy-a-new-apartment","status":"publish","type":"post","link":"https:\/\/nlpl.com\/blog\/2019\/03\/03\/list-of-the-documents-required-to-buy-a-new-apartment\/","title":{"rendered":"List of the Documents Required to Buy a New Apartment"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img decoding=\"async\" src=\"https:\/\/nlpl.com\/blog\/wp-content\/uploads\/2019\/03\/68711055_s-e1551612836487.jpg\" alt=\"List of the Documents Required to Buy a New Apartment\" class=\"wp-image-187\"\/><\/figure><\/div>\n\n\n\n<p>Buying your desired apartment is a dream come true. However, to achieve that you have to go through a lot of distress. But with the adequate knowledge you can easily wrap up the whole thing just by following these steps which informs you about the exact documentation required to buy an apartment:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>A Sale Deed is the most important legal document that proves the sale and transfer of ownership of property from the seller to the buyer. It is a mandatory process and one should execute the sale agreement before the Sale Deed is executed.<\/li><li>Next comes the Mother Deed. It is the parent legal documentation which helps in tracing the antecedent ownership from the initiation. It also helps in further sales of the property establishing new ownership.<\/li><li>Building Approval Plan comes after the above two. It needs to be sanctioned by the concerned official body without which the construction process is rendered illegal. An approved plan needs to be collected from the jurisdictional Commissioner.<\/li><li>Following this is the Commencement Certificate(for an under-construction property) which is legally issued by the local authorities after careful inspection of the site. This document is required for the project to meet given criteria and helps in the initiation of the project by the builder.<\/li><li>After this is the Conversion Certificate(Agricultural to Non-Agricultural land). This is mandatory and has to be obtained from the legal body for the property. It is issued for changing an agricultural land to a non-agricultural land from the competent revenue authority.<\/li><li>Account Certificate and Account Extract- This is the account which registers an account of the person owning the property. An Account Certificate is basically a mandatory requirement for registration of anew property or shifting of a property. On the contrary, Account Extract is all about obtaining the property details of the owner from the assessment registrar. These details are required for the property transaction trade license.<\/li><li>Encumbrance Certificate- An EC is typically registered transactions conducted on the property during the time it is sought.As far definition is concerned, it can be explained as charges in the ownership or the liabilities created on a property that is being held against a home loan as security. A titular fee is collected on a yearly basis.<\/li><li>Betterment Charges Receipt- These are development fees that have to be paid before an account is issued.<\/li><li>Power of Attorney- It involves a legal procedure to authorize another person by the property owner on their behalf.<\/li><li>Latest Tax paid receipt ensuring taxes are being paid on regular basis to the government.<\/li><li>Completion Certificate upon completion of the property and Occupancy Certificate also have to be shown.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Buying your desired apartment is a dream come true. However, to achieve that you have to go through a lot<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-186","post","type-post","status-publish","format-standard","hentry","category-knowledge-based-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>List of the Documents Required to Buy a New Apartment - NL Builders - Real Estate Company in Mumbai, India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nlpl.com\/blog\/2019\/03\/03\/list-of-the-documents-required-to-buy-a-new-apartment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"List of the Documents Required to Buy a New Apartment - NL Builders - Real Estate Company in Mumbai, India\" \/>\n<meta property=\"og:description\" content=\"Buying your desired apartment is a dream come true. 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