What documents should I ask from the builder at the time of registration of my independent house/villa?

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Buying a house from a builder is a long drawn process which requires various documents that the buyer have to be obtained from the builder at various stages like before paying any money. Following documents should be there at the time of registration of your villa, which the builder should provide to you:


Allotment Letter- Allotment letter is an important document that a buyer should obtain from the builder as it includes details regarding the property being sold by the builder and the details regarding the project as a whole.


Builder-Buyer Agreement- The Builder-Buyer agreement includes all the terms and conditions, clauses and legal implications for both the builder and buyer in case there is a default from either side. Various important points in this such as the time frame of the project, the terms and clauses of payment, interest, penalties and default charges of the buyer, approvals and sanctions obtained by the developer to construct the project, approved layout plans and drawings, title and approval of the project etc.


Copy of Possession Letter- After the builder provides all the amenities that he has promised at the time of purchase, the house can be then considered ready for possession. The buyer signs the possession certificate based on the criteria mentioned above and gives it back to the builder while keeping a copy of it.


Full payment break-up- It shows the break-up of all the payments made by the buyer to the builder towards possession of the property. It also states that there are ‘No Dues’ from the buyer towards the builder.


No objection letter- This document essentially states that the builder or any other person has no objection over the buyer of the particular property (villa in your case) from claiming possession over it.


Agreement letter- The Agreement letter lays down the agreement that exists between the Builder and the Buyer of the property. This includes the terms and conditions for purchasing the property, which includes the consideration, time period in which the agreement needs to be completed, etc.


Encumbrance Certificate (EC) - Encumbrance means charges in the ownership or liabilities created on a property that is held against a home loan as security. An EC consists of all the registered transactions done on the property during the period for which the EC is sought.

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