Things to check before buying apartments in Bangalore

Budget: Before looking for a flat to buy in Bangalore, you need to have a budget in mind. Don’t start by looking at homes and then setting a budget; first, look at what you can afford, and then start looking for homes. Take into account your monthly expenses and how much you can save, and then plan a budget accordingly. Give yourself a safe budget that won’t wipe out your entire savings and monthly income for EMI payments.

Location: Bangalore is notorious for traffic. You can spend 1 or 2 hours in traffic to travel as little as 10 km! If you don’t want to spend most of your day commuting, you need to be careful about where you choose to live. Choosing the right location to buy a flat in Bangalore is not that tough, but keep in mind that it should be close to work, have good connectivity, and have good infrastructure.

With Namma Metro coming to many parts of the city, you can even opt to move to localities that are far yet connected by the metro. For example, if you work on MG Road or in the Central Business District, you can choose to buy an apartment in Baiyyappanahalli or even Peenya! A little bit of planning can save you a lot of trouble.

Documents To Check Before Buying a Flat in Bangalore

When you buy a house in Bangalore or any other city, you must ensure that all the property documents are in order. There is no point in buying a home that does not have the proper paperwork; you could end up losing the house or spending years in court trying to prove ownership. This blog about the Legal Documents You Need to Buy and Sell Property will help you with the essential documents you need to check for.

That said, there are mainly two types of documents you need to keep track of – the primary title documents to prove you as the owner of the Property and the history of the property being sold. There are also some secondary documents to verify before buying a flat in Bangalore to ensure that the information in the primary documents matches and some regulations to ensure compliance of the Property. These documents include:

• The Parent deed includes the sale deed, allotment letter, gift deed, partition deed, etc.

• The building plan sanction is issued by the city BBMP, village panchayat, or BDA, whichever is the local jurisdiction around the Property

• Khata certificate or Khata extract that registers the Property’s transfer from the BBMP

• An encumbrance certificate is the record of all the registered transactions about the Property, including the lease, mortgage, sale, etc., or even the absence of them

• Any tax-paid receipts for the Property

• Any PTCL or Prevention of Transfer of Certain Lands Act endorsement from the Tahsildar or DC to ensure that the property is not on land owned by SC or ST communities

Tata Carnatica prelaunch residential township at Devanahalli, North Bangalore.