Very helpful info indeed. Just add one more question, if you want to renovate or refurbish the flat and any civil work is needed to be done (like demolishing a wall or removing a window or extending or merging the balcony) permission of society is needed and will be granted without any hassel?
Here are more questions which you should ask :- 0) What is the reason for sale of property? 1) Is there any loan on the property? 2) Is the current owner an Income tax payee? 3)(a) If yes, do he/she claim any tax benefit on the same? What is the amount. 3)(b) What is the loan amount and with which bank. How much has been paid? 4) Is the property a bone of contention among family memebrs and any case is pending in court or alike? 5) Most Important. In what time can the original papers be handed over to the buyer? 6) Most Important. Hire an advocate on your own. Give him the fees and ask him to go for all round check of the property from the side of Law. If there is any legal issue, he will be in a position to share the same with you and guide you accordingly.
Here are some imp points which you must ask the seller before buying the house(Resale):
1. Is the Society registered ? 2. Is the Society having proper Conveyance deed ? 3. Is the Society having O.C (Occupation Certificate) ? 4. Can the Society issue NOC in favour of Buyer? 5. Ask the Society Secretary and get in writing that no dues of Seller are pending. 6. Is the flat mortgaged? 7. Are there any plans of the Society to raise the monthly maintenance charges in the near future ? If so, how much? 8. Is the building going to be demolished in the future for resonstruction? If so, details. 9. Does the Society allow non-veg eating ? 10.Check the neighbours and their behaviour .
