Buying a property or luxury apartments in Banglore is a dream for many. But, finding a property at reasonable prices that is free from all sorts of legal tussles is quite an achievement. With the momentous growth of the real estate sector, the industry still lacks some transparency and proper research is required before finalizing your property you have your eyes on. The best you can do is to physically inspect all documents before buying any property with the utmost care without any professional help or without hiring any lawyer.

Mr. Sarveshaa SB is the Managing Director of BHADRA group, cautions that “developer’s sales teams will usually present a buyer with a readymade agreement and a buyer must ensure that this agreement captures every relevant detail. If it does not, the buyer is fully entitled to ask for missing details to be included and a copy of the final agreement must be retained under any circumstances.”

Here is what you need to watch out for when checking purchase documents:

1. Personal Details
Whether you buy an apartment or flats in Banglore, the agreement must capture the sellers’ complete details which include fathers name, full address, PAN number, and bank account information. This agreement ought to be witnessed by two people, each from the buyers and sellers side, and it just also provide exact details of the property’s location, municipal, tehsil or collectors’ land record number.

2. Check for date of possession
It is very important as the date of possession signifies the day on which the property is transferred from the builder to the buyer. The buyer has all the right to sue the party on the basis of agreement mentioning this important document if there’s any kind of deviance from the date of the happening at the builders’ end.

3. Look for a Termination clause
While buying a property in Banglore or elsewhere, your flat purchase documents contain very important information i.e., termination clause which means both the parties should be entitled to “termination by convenience” if the code of conduct is ignored by either of them.

4. Check Payment Schedule
The payment schedule is important for both the parties to know whether the payment is required in a lump sum or in installments which can help the buyer plan things better and on time.

5. Amenities
With the help of amenities clause, the purchaser knows the additional benefits he/she will be entitled to and mentions the supplementary amount towards maintenance charges. The purchaser may consider it as a breach of contract if there is any default on the amenities that sought to be provided.

In the present times, buying a home is a tricky process and checking the document thoroughly can help you understand all the terms and clauses clearly before signing the final paper. Also, before buying a flat in Banglore the reputed builder you can rely on is Bhadra Group. Bhadra group offers 2 bhk flat for sale in Bangalore the best of the city with modern amenities and seamless connectivity via Bangalore metro rail, well-connected roads, and Airport. So, before buying a flat, be little cautious and attentive than being sorry later!

Reference Url: http://www.imfaceplate.com/bhadralandmark/things-you-need-to-carefully-watch-out-for-when-checking-purchase-documents