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Do you know someone who never has enough space? You probably do. It could be a neighbour, friend, or family member whose house is overtaken by...

No Property Papers? What Sellers & Buyers Should Do
06 May 2015

No Property Papers? What Sellers & Buyers Should Do

When it comes to the most happening places in India, Mumbai can never be out of the list because it is the most populated state in India. People today are making good money in their work front and hence investing the hard earned money is really important.

Compared to the various means of investments like stakes, gold and others, the properties, lands are the most sorts after for investments. This is why there is huge demand in the real estate market of Mumbai. Many people from different parts of the world are very curious and at the same time anxious in finding the best property for them in the region of Mumbai.

How To Go About In Choosing The Property?

There are few things that are most important when you are looking for a property to buy. Be it land or a house, the documents are the proof and this has to be legal from the buyer whom you are buying. The impression about row houses in Mumbai is becoming much demandable. On that note, to buy row house in mumbaikeep in mind the overall estimate, market price and document registration cost. You have these row houses much popular in areas like Navi Mumbai, Goregaon and many more places.

You are sure to get one within your budget and just looking for essential aspects like documents are the only bothering factors that will eat your head if you don’t have one. In such cases, the best option is to go for a duplicate copy of the documents. Since this cannot happen in a short time from the government, you should be able to apply for the duplicate copies well ahead in time and not when during your immediate buying or selling of the house. The process now has become quite stringent with policies, giving you only one copy of the document as a duplicate. So make sure you are having it safe and no mal practice will be entertained by the government in the document.

Just in case if you don’t have the property papers or the duplicate as well, you can make all the arrangements for the papers with the help of an advocate who will be able to guide you the best. Since row houses need perfect documents for buying and selling, that should be the best option to approach through a legal source. There are lots of fraudulences in the market today with unlicensed brokers in real estate who simply fling your money by making false promises. Ensuring if the property is legal or otherwise is also a point to be noticed. As the Supreme Court’s order properties that are found to be illegally built in unapproved sites, land grabbing and subjected to demolishing. Pay close attention to all the laws and legal processes that are involved in selling as well as buying. You may also avail bank loans for buying the properties and proper analysis of the right approach towards taking the loan determines your safety towards investing in a popular state in India.

 

Source- http://realty.economictimes.indiatimes.com/news/industry/scrapping-dp-2034-what-mumbai-really-needs/47104277

Lan An

Lan An is a professional editor in the field of architecture and interior design. Having a strong desire for architecture and design in her writing career, Lan An attempts to provide readers the most wonderful architectural news and projects.

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