Checklist for Apartment Buyers..!


 by  Mr. Jehangir Gai, Consumer Activist

^^  An apartment buyer has the right to demand inspection of documents before agreeing to buy

^^  The buyer must ascertain the identity & the status of the builder / promoter - whether the builder is an individual, a registered partnership firm or /  a company

^^  The buyer must check the title to the land to ascertain if it is freehold or /  leasehold, and whether the builder has the title or the right to develop the land.


^^ If the land is leasehold, the tenure of such a lease and its assignment must be verfied

^^ A builder can not demand more than 20% of the total purchase price of the flat before executing a written agreement

^^ The agreement must specify the carpet area..

^^  The agreement must specify the date of possession


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