Documentation Required for Buying and selling house in Delhi

Are you planning to sell your old house and willing to procure a new one? So be ready as the residential, commercial properties selling are spicy material in metros cities especially in our national capital city Delhi. But you should always keep a check on very important issues before setting up a deal:

What is the documentation to be carried out for selling house in Delhi?

Document checklist has to be prepared in advance so that there are no tendencies for miscomputation of single document. Couple of documents necessary for making deal, which can be housing society share certificate, sales / purchase deed of the residential house as “Deed of Sales” confirms that the land belongs to seller name i.e. the owner who is responsible for selling further owner has only full right to sell the piece of land not anyone.

You may also need a copy of previous deeds if the property is sold before which could be more than 1 also this is required to confirm the authenticity of the current dealing in process and the right of property used currently and used previously with the original copies of stamp duty with registered house document. The seller of land also requires a “No Objection Certificate” which has to be collected from the housing society. If the ownership is lies under a joint ownership concern then in that case joint signatories have to submit documented consent for selling house.

Above all documents are necessary incase home buyers are willing to opt for loan through banks or financial institutions.

Next question: is your property financed from the bank?

Make sure that your current property or house is free from loan disbursement as incase you are servicing on property with loan or tenure period is due then this situation you cannot sell property. As original copies of all documents, papers are kept with the banks or financial institutions from which you have opt for loan and this will be only handed over to you after the completion of loan amount with the interest rate only not in any condition before the clauses so selling house without the documentation will not actually happen.

Constant Demand of Property in Delhi & NCR

Constant development and growth are the prime reasons for the hike in property rates of Delhi, and increasing non-stop at a very high rate. Consequently it has become out of the reach of people who belong to the middle income group. And at last they start searching property in NCR (national capital regions) i.e. Noida, Greater Noida, Faridabad, Gurgaon etc. as a result this high demand causes the increase of property rates of NCRs’ property as well. The presence of various financial units and banks has made it affordable and easy to buy the property in NCR. These financial units & banks are providing loans at a very reasonable rate of interest. Thus, people can now think to get their dream come true by having property in NCR. They need to pay a small amount as EMI to the bank against the loan.

At present the procedure is very easy to avail loan because most of the builders are tied up with the banks that are providing loans at very nominal rate of interest. Because of this easiness & comfort people can invest their money for having property in NCR with free mind.