At last, you have made this decision to buy a resale property by investing your life's savings. In case of a property being bought from a builder, the registration process is typically guided by the builder's legal team. But if one is buying a resale property, at a lot of times seller or buyer aren't well versed with the documents that are needed or how the whole process works. As part of this post, we are trying to give an overall picture of the process and different aspects of buying a property as well as key things to know as a buyer. Continue reading →

As the word suggests, Encumbrance means impediment or liability. In our context of Property or Real estate, the Encumbrance certificate or EC is evidence that the property under discussion is free from any liabilities or not. The liabilities could be monetary or legal in nature. The EC has details of all transactions about the property like loan or mortgage of the property. The EC is always issued for a period of time and all transactions during that period are captured in the EC. Continue reading →

Buying a property could be a matter of investing in a growth industry, making a dream home or a buying a property for a living. In any case, the money involved is so huge that it is prudent on buyer's part to make a choice after doing diligence on his/her part. A bank loan isn't always a guarantee that property has been verified diligently by the bank officials as the main aim of verification by the bank is on valuation and marketability of the property than the legalities. Proper legal verification is needed to avoid any issues shattering your dreams. Continue reading →