A Few Points About Land To Keep In Mind When Buying Property In Zirakpur

Zirakpur, the satellite town off of Mohali, located some fifteen kilometres away from Chandigarh, has emerged as one of the most popular destinations for buying residential real estate in the northern part of the country. Part of the popularity of Zirakpur lies in the myriad options of housing available as well as the reputation of Zirakpur as a hub for affordable housing. With more and more working professionals being drawn to buy property in Zirakpur, here are a few points concerning the land on which the project is being developed all potential buyers must keep in mind when buying a home in the area:

1.Ask for the Encumbrance certificate – The Encumbrance Certificate certifies that the property and/or the land on which the project is being constructed are not under any legal dispute. Whether you are investing in 3 BHK apartments in Zirakpur or planning to invest in a villa, the Encumbrance certificate is one of the documents the builder must provide you with.

2.Check the Torence Plan- The Torence Plan of any property is prepared by a licensed inspector and details the accurate measurements of the project in terms of the borders, length, breadth, etc. This will give you a detailed idea of whether the measurements indicated for the 4 BHK flats in Zirakpur you wish to own are accurate.

3.Ask if the land is pledged – Sometimes the developer may be constructing the housing project by pledging the land itself on which the project is being developed. If so, do check whether the amount for the loan has been paid or that the developer has adequate resources to pay off the loan.

4.Is the land the property of an NRI? – In the state of Punjab, several properties are owned by NRIs which they sell to builders. If the project you are looking at is being developed on land previously owned by an NRI, check the documents to see of the power of attorney to the third party and papers relating to transfer of property have been duly signed in the presence of an official of the Indian Embassy.

5.NOC certificates from all owners – When the project is being developed on land which has more than one owner, it is important for the developer to have obtained the No Objection Certificate from all parties to avoid legal trouble in the future.

Experience the comforts and convenience of living in the most opulent and sprawling homes in Zirakpur at the Exotic Grandeur, a luxury housing project with world class residences. Offering exclusive penthouses and 4 BHK apartments in Zirakpur, the Exotic Grandeur brings together rich interior specifications, high quality construction and superior amenities for an enriching modern lifestyle in one of the most well-connected areas in the region.