That is a significant decision, and thorough due diligence is crucial to protect your investment. The checks can be broadly categorized into Legal , Physical/Technical , and Financial .
Here is a detailed checklist of things to check before buying a property or plot:
Step 1: Legal & Document Verification (The Most Crucial Step)
Always engage an experienced property lawyer for a complete legal title search.
Step 2 : Physical & Technical Verification
These checks relate to the actual condition and surroundings of the land.
Step 3 : Financial & Transactional Checks
More Questions
Q1: What is a Completion Certificate (CC)?
Ans: The CC is a document issued by the local municipal authority that confirms the building's construction is finished and adheres to the originally approved building plan, design, and local building codes. It proves the legality of the structure itself.
Q2: What is an Occupancy Certificate (OC)?
Ans: The OC is the most vital document for a homebuyer. It is issued after the CC. It certifies that the building is safe, habitable, and legally fit for occupation , meaning all essential services (water, electricity, sewage, fire safety) are properly installed and functional.
Q3: What is the sequence of issuance?
Ans: The Completion Certificate (CC) must be obtained first. Once the construction is legally complete, the developer applies for the Occupancy Certificate (OC) .
Q4: What is the biggest risk of buying without an OC?
Ans: Illegal Occupation. Without a valid OC, occupying the property is unlawful. Authorities can issue eviction notices, impose heavy penalties, or even order the demolition of unauthorized structures. Additionally, banks typically will not sanction the final loan disbursement, and obtaining permanent utility connections (water, electricity) becomes impossible.
Q5: Can I resell a property without an OC?
Ans: While physically possible, it is highly difficult and severely devalues the property . Most informed buyers and all major financial institutions will refuse to deal with a property lacking this crucial legal document.