It is preferable to be attentive in the process if you intend to invest your savings in real estate.
Making the right choice in investing in commercial property requires a checklist. If you carefully
read each point, your curiosity will eventually turn into knowledge.Here are documents required
for buying commercial property.
- Check for rera registered propertyA RERA certificate is a formal record that attests to the registration of a property, project, or real
estate agent with the state-level RERA body or tribunal. Real estate agents and projects must
register in order to receive a special registration number under the main law, the Real Estate
Regulation and Development Act.
Along with the registration number, the certificate contains details on the developer, the property,
and the agent. They are able to lawfully practice thanks to the registration number. A developer,
builder, prompter, or real estate agent cannot promote or schedule the sale of homes without
2) Sales DeedA sale deed is a legal document that demonstrates how ownership of a piece of property is
transferred from a seller to a buyer.
It is the most significant piece of legal documentation that certifies the buyer and seller’s
evidence. For both the buyer or transferee and the seller or transferor, it is a crucial document.
A sale document between the buyer and the seller must be read and signed before the
purchase or sale of the property may be considered legally concluded. A sale document is often
only signed once both parties are happy and have complied with the terms and conditions.
3) No-objection certificatesOften known as NOCs, are official papers that may be needed to complete a wide range of
duties. However, when it comes to real estate transactions, NOCs are incredibly important. The
beginning of a housing project requires a considerable number of NOCs, as do the sales of
properties; some NOCs may also be required for property purchases by homebuyers. This is
why anybody participating in the sale or purchase of real estate must have a thorough
understanding of this crucial document.
4) An allotment letterIt is one of the most crucial documents to obtain when buying commercial property in India.
After receiving the buyer’s deposit for the reservation, the builder issues the assignment letter. It
is only issued to the initial owner; subsequent owners may request a copy of the original letter
from the seller.
5) Keep an eye out for hidden fees
The upkeep and operation of the property are among the hidden expenses that are present in
almost all properties. These prospective expenses must be calculated, negotiated beforehand,
and addressed in the actual “contract.” (Cost of maintaining a property)
Commercial real estate due diligence checklist is crucial since it is one of the most costly
investments a person makes, involving a significant portion of his savings.
● Reach Us for Commercial Property in Pune:-
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Tired of searching these things? We know your worries about buying/selling property. We are
here to help you.
Who are we?
Ahuja Realtor is a professional real estate agency founded by Mr. Anil Ahuja on 15th June
2006 with the sole motive of providing Ethical real estate services, where customers are guided
professionally for making conscious and aware Real Estate Decisions.
We have been offering real estate services and providing corporate offices and homes
to leading MNCs like TVH India, Ferrero, Jotun Paints, Fiat India, Racold, etc.
Recognising his exemplary work in the dealings of exclusive premium properties and
contributions to corporate housing solutions, he was awarded the “Best Performing Real
Estate Consultant” award by Solitaire, Marvel Realtors, Kalpatru Builders, Panchsheel
Realty, LodhaGroup, etc.
Having high knowledge in the real estate field we are also the most trusted business to
contact for real estate needs and contracts. The team made an excellent understanding
of customer needs and an excess of instant choices
Because of honesty and consistency in hardwork and determination our company has
reached pinnacles of success in a record time!
Get yourself the best commercial property from us!!!
For any queries related buying/selling commercial property get the best solutions from
Contact R R Dhoot-901107334