postheadericon How to Buy an Apartment in Bangalore

Everyone has a dream of owning their apartment. There are lots of advantages in buying an apartment compared to buying a house.

How to Buy an Apartment in Bangalore

1 Choose your preferred location. Try to find a location that is close to your workplace, and your kids’ schools/good schools, and universities, if possible.

How to Buy an Apartment in Bangalore

2 Decide whether you want a place in the middle of a shopping area or a quieter but upscale, Westernized apartment. If raising kids, the latter may be better. Choose a place that is surrounded by a good area, and not slums or crime.

How to Buy an Apartment in Bangalore

3 Make sure your apartment has all facilities you want-like a washing machine, carpeting, enough rooms, new walls, and enough bathrooms with showers. Many homes in India have a bucket and pail, and no showers.

How to Buy an Apartment in Bangalore

4 Decide your budget and requirements of your dream home.

How to Buy an Apartment in Bangalore

5 Prepare a list of builders and check for their projects in that location.

How to Buy an Apartment in Bangalore

6 Check if it matches your budget and requirements.

How to Buy an Apartment in Bangalore

7 Choose a flat and verify the BBMP approval certificates for the building.

How to Buy an Apartment in Bangalore

8 Check the encumbrance certificate if any loan has been taken on the property.

How to Buy an Apartment in Bangalore

9 Check the Khata certificate for the flat and land

How to Buy an Apartment in Bangalore

10 Take a Xerox of all the documents mentioned above and verify it with a good real estate lawyer.

How to Buy an Apartment in Bangalore

11 Also verify the Sale Agreement and Sale Deed with the lawyer. Sale agreement is the first agreement to be signed on stamp paper between the buyer and the builder. It includes the booking advance, carpet area, built up area and super built up area, final amount to be paid and the due date to pay the final amount.

How to Buy an Apartment in Bangalore

Sale Deed is a document that states that you are the owner of the apartment,that is certified by the sub registrar of that area.It includes the address of the apartment and the amount for which you are buying the apartment.

How to Buy an Apartment in Bangalore
How to Buy an Apartment in Bangalore

12 Book the flat by giving the booking advance and get the sale agreement from the builder on stamp paper.

How to Buy an Apartment in Bangalore

13 Give the final amount of the flat before the date mentioned in the Sale Agreement.

How to Buy an Apartment in Bangalore

14 Get the Sale Deed registered from the sub registrar in the locality.

How to Buy an Apartment in Bangalore

15 Get the khata for the property.

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