When purchasing an under-construction apartment in Bangalore, it’s essential to verify the following legalities:
Pre-Construction Legalities
- Approved Building Plan: Verify the builder has obtained approval from the Bangalore Development Authority (BDA) or Bruhat Bengaluru Mahanagara Palike (BBMP).
- Commencement Certificate: Ensure the builder has obtained a commencement certificate from the local authority to start construction.
- Environmental Clearance: Check if the project has obtained environmental clearance from the State Environment Impact Assessment Authority (SEIAA).
Land-Related Legalities
- Land Ownership: Verify the builder’s ownership of the land through the title deed, mother deed, and khata certificate.
- Conversion Certificate: Ensure the land has been converted from agricultural to residential use, if applicable.
- Land-Use Certificate: Verify the land-use certificate from the local authority, ensuring the land is designated for residential purposes.
Builder-Related Legalities
- Builder’s Registration: Check if the builder is registered with the Real Estate Regulatory Authority (RERA).
- Builder’s License: Verify the builder’s license to construct the project.
- Builder’s Past Projects: Research the builder’s past projects and reputation.
Agreement-Related Legalities
- Sale and Construction Agreement: Carefully review the sale and construction agreement, ensuring it includes all necessary terms and conditions.
- Payment Schedule: Verify the payment schedule and ensure it’s linked to construction milestones.
- Penalty Clauses: Check for penalty clauses in case of delays or defaults.
RERA-Related Legalities
- RERA Registration: Verify the project’s RERA registration and the builder’s RERA ID.
- RERA Website: Check the project’s details on the RERA website.
Additional Checks
- NOCs (No Objection Certificates): Obtain NOCs from relevant authorities, such as the Pollution Control Board, Fire Department, and Electricity Board.
- Due Diligence Report: Consider hiring a lawyer to conduct a due diligence report on the property.
- Verify Original Documents: Ensure you verify the original documents and not just photocopies.
It’s crucial to work with a reputable builder and conduct thorough research to ensure a smooth and secure transaction.