<\/span><\/h2>\n\n\n\nHere are the documents that both buyer and seller should ensure are properly drafted, verified, and kept:<\/p>\n\n\n\nDocument<\/th> Purpose \/ Importance<\/th><\/tr><\/thead> Title Deed \/ Mother Deed<\/td> Proof of past ownership & chain of title<\/td><\/tr> Sale Deed<\/td> Legal document transferring ownership<\/td><\/tr> Encumbrance Certificate<\/td> Shows if property has any liens\/mortgages<\/td><\/tr> Building Plan Approval \/ Layout Plan<\/td> Ensures legal construction plans, zoning compliance<\/td><\/tr> Occupancy Certificate \/ Completion Certificate<\/td> Certifies legal use & safety before possession<\/td><\/tr> NOCs (Society, Municipal, Fire, Environmental)<\/td> Permissions & clearances from relevant authorities<\/td><\/tr> Possession Letter<\/td> Confirms date of possession to buyer<\/td><\/tr> Tax Receipts \/ Utility Bills<\/td> Confirms dues are cleared<\/td><\/tr> Agreement of Sale \/ Builder-Buyer Agreement<\/td> Sets terms, payment schedule, timelines etc.<\/td><\/tr> Power of Attorney (if applicable)<\/td> When someone acts on behalf of buyer\/seller<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<\/span>5. Common Issues & Mistakes to Avoid<\/span><\/h2>\n\n\n\nHere are frequent pitfalls that buyers & sellers face, and what your legal service should help you prevent.<\/p>\n\n\n\n
<\/span>A. Buying from Unregistered Projects \/ Builders<\/span><\/h3>\n\n\n\n\nProjects not registered under RERA, or advertisement made when registration not done, which is illegal under RERA. This can lead to lack of legal recourse.<\/li>\n<\/ul>\n\n\n\n<\/span>B. Advance Payments Too Early \/ Without Proper Agreement<\/span><\/h3>\n\n\n\n\nPaying large amounts in advance without a proper written agreement. If advance is not documented, or agreement lacks key clauses, one might lose recourse.<\/li>\n<\/ul>\n\n\n\n<\/span>C. Poorly Drafted Agreements<\/span><\/h3>\n\n\n\n\nMissing clauses about delay, possession, amenities promised, penalties.<\/li>\n\n\n\n Vague timelines or ambiguous terms.<\/li>\n<\/ul>\n\n\n\n<\/span>D. Hidden Liabilities<\/span><\/h3>\n\n\n\n\nProperty tax dues, society dues, encumbrances not disclosed.<\/li>\n\n\n\n Building plan changes, legal disputes, zoning or conversion issues.<\/li>\n<\/ul>\n\n\n\n<\/span>E. Stamp Duty & Registration Errors<\/span><\/h3>\n\n\n\n\nUnder-valuing property to reduce stamp duty (legal risk).<\/li>\n\n\n\n Not registering the property properly, resulting in ownership\/documentation problems later.<\/li>\n<\/ul>\n\n\n\n<\/span>F. Delay in Approvals \/ Occupancy Certificate<\/span><\/h3>\n\n\n\n\nHanding over possession before occupancy certificate or completing legal approvals can expose buyer to risk.<\/li>\n<\/ul>\n\n\n\n<\/span>G. Ignoring Tax and Capital Gains Issues<\/span><\/h3>\n\n\n\n\nSellers not considering tax obligations; buyers not considering TDS or taxes in certain transactions.<\/li>\n<\/ul>\n\n\n\n<\/span>6. How to Choose a Good Real Estate Legal Service Provider<\/span><\/h2>\n\n\n\nTo ensure your transaction goes well, here are criteria you should seek when hiring a legal advisor \/ real estate lawyer or firm:<\/p>\n\n\n\n
\nSpecialization in Real Estate Law<\/strong> \u2013 They should have experience in property transactions, RERA, transfer, registration, etc.<\/li>\n\n\n\nTrack Record<\/strong> \u2013 Good past clients, testimonials, success with delays\/dispute resolution.<\/li>\n\n\n\nTransparent Fees<\/strong> \u2013 Fixed fees or clear structure; avoid hidden costs.<\/li>\n\n\n\nKnowledge of Local Laws<\/strong> \u2013 Since real estate laws vary by state (zoning, stamp duty, local approvals etc.), the service provider should understand local municipal laws.<\/li>\n\n\n\nAbility to Do Due Diligence<\/strong> \u2013 Checking title, verifying encumbrances, preparing document checklists.<\/li>\n\n\n\nDrafting Strong Contracts<\/strong> \u2013 The draft agreements should protect your interests.<\/li>\n\n\n\nSupport in Dispute Resolution<\/strong> \u2013 If things go wrong, you want someone who can help with RERA, consumer forums, or courts.<\/li>\n<\/ol>\n\n\n\n
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