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I am going to buy a flat in a building under construction, what are the papers should I check

//I am going to buy a flat in a building under construction, what are the papers should I check

I am going to buy a flat in a building under construction, what are the papers should I check

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Q. I am going to buy a flat in a building under construction, what are the papers should I check?

A. Check approved plan of the building along with the number of floors; ensure that the floor that you are buying is approved. Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check the title of the land ownership. Check the building byelaws as applicable in that area and ensure that the building is without any violation of front setback, side setbacks, height, etc. Check specifications given in the agreement to sell and that given in the brochure and see if he is providing the same actually on the ground or not. If the builder is a company incorporated with Securities & Exchange Commission of Pakistan, it may be checked that the company is allowed to do the business of sale and purchase of real estate.

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By | 2016-11-11T19:33:40+05:00 November 11th, 2016|Uncategorized|0 Comments

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