Buying property in Pune? Here’s what you need to do before you buy!

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People buy property in Pune for various reasons, such as having a permanent home, making a wise investment, or earning rental income. Regardless of the purpose, buying property can be complex, time-consuming, and costly. However, there's a simple way to ensure a smooth purchase – property verification by a competent lawyer.


Property Verification Essentials



When it comes to property verification, there are two crucial aspects to consider:


1. Property Ownership Verification:


Land Title Deeds: Verify how the builder acquired the land for the project. This can be through an outright purchase or a Joint Development Agreement (JDA).


Mother Deed: This document tracks ownership history and is essential for resale properties.


Sale Deed: For resale or ready-to-move-in properties, this deed confirms the extent of ownership.


2. Compliance Verification:


Conversion Order: Necessary for properties with an agricultural past.


7/12 and Index 2 Records: These hold past transaction details and current ownership information.


Registered Agreements: Check Joint Development Agreements (JDA), General Power of Attorney (GPA), and sharing agreements between landowners and builders.


Sanctions and Approvals: Ensure that the builder has the necessary approvals.


Building and Layout Plan Approval


Basic Amenities and Utilities


NOCs from Government Authorities


License for Construction


Commencement and Occupancy Certificates


Latest Tax Paid Receipts


NOC or No Dues from Associations/Societies


Latest Utility Bills


RERA and Property Purchase



The introduction of the Real Estate (Regulation and Development) Act (RERA) has reduced uncertainties in property purchases. Builders must adhere to guidelines and provide property-related documents online, making it easier for home buyers. However, it's always advisable to verify these documents before making your purchase.


In summary, buying property in Pune can be a daunting process, but a thorough property verification can simplify it. Whether you are purchasing a home, making an investment, or aiming for rental income, ensuring that all documents are in order is the key to a trouble-free property purchase.

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