How to Buy an Apartment in Bangalore
Choose your preferred location., Decide whether you want a place in the middle of a shopping area or a quieter but upscale, Westernized apartment., Make sure your apartment has all facilities you want-like a washing machine, carpeting, enough rooms...
Step-by-Step Guide
-
Step 1: Choose your preferred location.
Try to find a location that is close to your workplace, and your kids' schools/good schools, and universities, if possible. -
Step 2: Decide whether you want a place in the middle of a shopping area or a quieter but upscale
If raising kids, the latter may be better.
Choose a place that is surrounded by a good area, and not slums or crime. , Many homes in India have a bucket and pail, and no showers. ,,,,,,,, Sale agreement is the first agreement to be signed on stamp paper between the buyer and the builder.
It includes the booking advance, carpet area, built up area and super built up area, final amount to be paid and the due date to pay the final amount.
Sale Deed is a document that states that you are the owner of the apartment,that is certified by the sub registrar of that area.It includes the address of the apartment and the amount for which you are buying the apartment. ,,,, -
Step 3: Westernized apartment.
-
Step 4: Make sure your apartment has all facilities you want-like a washing machine
-
Step 5: carpeting
-
Step 6: enough rooms
-
Step 7: new walls
-
Step 8: and enough bathrooms with showers.
-
Step 9: Decide your budget and requirements of your dream home.
-
Step 10: Prepare a list of builders and check for their projects in that location.
-
Step 11: Check if it matches your budget and requirements.
-
Step 12: Choose a flat and verify the BBMP approval certificates for the building.
-
Step 13: Check the encumbrance certificate if any loan has been taken on the property.
-
Step 14: Check the Khata certificate for the flat and land
-
Step 15: Take a Xerox of all the documents mentioned above and verify it with a good real estate lawyer.
-
Step 16: Also verify the Sale Agreement and Sale Deed with the lawyer.
-
Step 17: Book the flat by giving the booking advance and get the sale agreement from the builder on stamp paper.
-
Step 18: Give the final amount of the flat before the date mentioned in the Sale Agreement.
-
Step 19: Get the Sale Deed registered from the sub registrar in the locality.
-
Step 20: Get the khata for the property.
Detailed Guide
Try to find a location that is close to your workplace, and your kids' schools/good schools, and universities, if possible.
If raising kids, the latter may be better.
Choose a place that is surrounded by a good area, and not slums or crime. , Many homes in India have a bucket and pail, and no showers. ,,,,,,,, Sale agreement is the first agreement to be signed on stamp paper between the buyer and the builder.
It includes the booking advance, carpet area, built up area and super built up area, final amount to be paid and the due date to pay the final amount.
Sale Deed is a document that states that you are the owner of the apartment,that is certified by the sub registrar of that area.It includes the address of the apartment and the amount for which you are buying the apartment. ,,,,
About the Author
Sharon Carter
Brings years of experience writing about home improvement and related subjects.
Rate This Guide
How helpful was this guide? Click to rate: