Document Guide For Buying Apartments For Sale In Goa
The coastal state of Goa has been a popular international tourist destination for some years now
. Over the years, it has also evolved as the preferred choice for a holiday home and as an investment destination. The market has witnessed a steady growth in apartments for sale in Goa. However, like any other real estate destination, it is possible for a first-time investor to be easily misguided. The only way to avoid such a situation is to purchase property from a reputable real estate developer that enjoys a brand value in the market. 1 and 2 BHK flats in Goa are highly popular as of today.
Your property hunt would typically commence with a meeting with a reputable real estate broker. Once you have listed your requirements, the broker will offer properties aligned with your needs. In addition to finding the right builder in Goa, it is also the onus of the buyer to carry out a detailed and careful check of various documents that are important to a property purchase.
Here are some documents that you would need to ask for, and study carefully, when looking for apartments for sale in Goa (and even elsewhere in India!):
The property titles are of utmost importance. When you are considering a property, do remember to ask the builder or agent to furnish photocopies of the title documents. These documents will give you a clear idea about who holds the land/property.
You must also remember to ask for important land documents that indicate the survey number, the name of the village where the property is located, and the registration district of the property. These details not only tell you about the authenticity of the project, but are also essential elements when it comes to the property registration stage.
Check if all outstanding loans and payments have been cleared. Check for receipts of the same, and if required keep a photocopy of these documents with yourself. In short, by the time you purchase the property, it should be entirely clear of all outstanding payments.
Once you find that all these documents are clear, and you decide to buy your luxurious apartment in Goa, you must speak with the real estate developer to obtain documents pertaining to your transfer fees, registration and stamp duty charges that are levied on every property purchase. Whether you are buying 1 BHK or 2 BHK flats in Goa or any other type of property, these payments are a given.
For every payment that you make, keep the receipts carefully in a single file. Other expenses incurred on apartments for sale in Goa are water and electricity charges, maintenance charges, property tax and so on.
As the purchase of your luxurious apartment in Goa reaches the final stages, you would have to obtain various NOCs and sanctions. Finally, when all payments are made, you would need to take over the original property title documents from your property vendor.
by: Sachin Kshirsagar
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