Shaheed Sukhdev Singh Block,
DBA Gurugram, Haryana
India is a country of strict and lengthy documentation procedures. Major paperwork is demanded in fulfilling all the formalities before you can finally own a property. It is very important to have a good understanding of this paper work and to be aware of what each document says.
Our real estate legal service team is very well placed to leverage its experience and in-depth legal knowledge for the benefit of owners of luxury apartments in Gurgaon. Our legal service team has championed various local regulatory issues and RERA regulations. Our legal council team has association with various state authorities and regulatory bodies and the team is apt for outcome driven legal advice.
The legal team regularly attends industry seminars and RERA council meetings to enhance legal acumen to remain more meaningful and relevant to vehemently changing regulations. This kind of industry based practice definitely complements our legal skills to offer appropriate counsel. The legal team has worked on several very critical RERA cases for our clients in the past and got them the desired results. The real estate legal services include the following:
– Real estate transactions
– Residential & commercial lease
– Representation at state authorities
– Litigation & out of court settlement
– Due diligence of the real estate projects
– Real estate valuation and capital funding
– Security instruments relating transactions
– Legalities in development & construction
Advocate Devender Yadav recently contested for the position of Vice President held in December 2021 at Gurugram Bar Council. Over the years this legal service team has worked on some of the largest, most critical and complex engagements in Gurgaon real estate. The client spectrum varies from land owners, developers, builders, construction companies, investors, lenders, corporates, and HNI buyers.
The team is experienced to leverage its industry know how of local regulatory issues and represent at various state authorities and regulators to provide commercial and outcome-driven advice.
You must be aware that all documents should be in your possession in original form.
Ratification Deed is required to arrive into a case if changes are to be made in the Principal Clause.
Occupancy Certificate is issued when the construction is completed according to the sanctioned plan and is ready for occupancy.
Important Legal Documents You Need For Property
To ensure a smooth property transaction and avoid possible surprises, the following set of important legal documents should be in right order. The most commonly used legal jargons for property transactions are decoded below to keep confusion at bay. We have made an attempt to simplify these for you. You may use this as a handy guide to navigate the possible real estate pitfalls while transacting a piece of real estate. The following documents are sequenced below:
Agreement to Sell (ATS)
This is one of the most commonly used legal document. It is the first document prepared in anticipation of a sale of the property. This document contains a complete description of the property and mentions the terms & conditions of a sales transaction between the buyer and the seller. The broader details as agreed are sale/purchase price, terms of payment, mode of payment, handover of property possession.
Power of Attorney
The original legal document of Power of Attorney is always required to execute a sale/purchase transaction for the person is acting on the authorization of the property owner. This power of attorney can be general or specific.
Sanctioned Building Plan
The sanctioned building plan by state statutory authority is required to ensure buildings are developed to the state approved building plans. This is a mechanism to enforce development under a strict code plan. This is to ensure that the buyers are cautious about any deviations from the sanctioned plan made by the developer.
Non Objection Certificates
This is a very crucial set of legal documents for any developer irrespective of their size of project. It is important for you to know that project work can’t start without having the appropriate NOC in a said project. You can ask the developer to produce copies of various NOCs that must be procured from various state departments such as Pollution Board, Sewage Board, Environment Department, Traffic and Coordination Department, etc.
This legal document is often termed also as completion certificate. Occupancy certificate or completion certificate is given by the municipal corporation of the city after the construction of a building is completed in the right legal framework without any deviation and according to a sanctioned plan. Effectively meaning the building is ready to be occupied by the property owners.
Receipt of Property Tax
The updated receipts of property tax indicate that the outgoing owner/occupier has paid all the taxes and none have been left as due. The receipts of property tax serve as an important document of evidence to establish the legal status of the property.
Title search is a very set of legal document in the process of retrieving the chain of documents relating to the history of ownership the property. The method is to retrieve these title search documents from the state authority where the property has been registered from time to time. The Title search includes a description of the property and names of title holders, joint tenancy, etc. It is especially important for procuring a home loan.
A sale deed is also called Title Deed, Mother Deed or Conveyance Deed, it is the major evidence of sale and transfer of ownership of property from the seller to buyer. It is also essential for the buyer at the time of resale to ensure the other party that he is the legal owner of the property. A sale deed is a proof of acceptance of the sale agreement, by the buyer. Sale deed must be registered with the state registrar under the jurisdiction of which the property bought is located, within 4 months from the date of execution. The buyer must possess this document in its original form. It is required for a property purchase or taking a home loan.