Property acquisition process

Documentation is an essential and complicated part of a property acquisition process. Different states have different requirements. There are many laws that govern the process.

Purchase of freehold residential plot or house

Purchase of freehold residential plot or house The main documents to be verified in such a case are:

Copy of the sale deed through which the seller got his title to the property, Copies of all earlier sale deeds - to verify the chain of past owners of the property, Registration details of the sale deed, Agreement to sell the property, Receipts of payments made by the purchaser to the seller, Copy of the sale deed for registration purposes

Purchase of property from original allottee

Purchase of property from original allottee of a government development authority (for example DDA)

The main documents to be verified in such a case are:

Allocation letter, Allotment letter, Possession letter, Receipts of payments made to authority.

Purchase of property from power of attorney

Purchase of property from power of attorney (POA) holder of original allottee of a government development authority

The main documents to be verified in such a case are:

Allocation letter from the authority, Allotment letter from the authority, Possession letter, Receipts of payments made to authority, Permission to mortgage, Authorization letter signed by the seller

Receipts of payments made by purchaser to seller, Verification of signature of seller from his bank, General power of attorney, Special power of attorney, Will Agreement to sell the property.

Purchase of flat in a group housing society

Purchase of flat in a group housing society from a original member of the Society

The main documents to be verified in such a case are:

Share certificate issued by the society, Lease deed of society, Registration details of the society, Bye-laws of the society, No objection certificate from the society, Approved building plan, Title of builder, Undertaking from society, Allocation letter, Allotment letter, Possession letter

Receipts of payments made to authority, Permission to mortgage, Authorization letter signed from seller, Receipts of payments made by purchaser to seller, Verification of signature of seller from his bank.

Purchase of flat in a group housing society from a power of attorney (POA) holder

The main documents to be verified in such a case are:

Share certificate issued by the society, Lease deed of society, Registration details of the society, Bye-laws of the society, NOC from the society, Undertaking from society, Allocation letter, Allotment letter, Possession letter

Receipts of payments made to authority, Permission to mortgage, Authorization letter signed from seller, Receipts of payments made by purchaser to seller, Verification of signature of seller from his bank, General power of attorney, Special power of attorney, Will Agreement to sell the property.