#Occupancy Certificate for 2 BHK Flats in Thane | Explore Tumblr posts and blogs

raymondrealty1 · 26 days ago

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Your Step-by-Step Guide to Investing in 2 BHK Flats in Thane

Investing in real estate is one of the most significant decisions you'll ever make. It’s not just about buying a house, but about making an investment that will grow in value over time. For many homebuyers, a 2 BHK flat in Thane offers the perfect balance of affordability, space, and lifestyle. Thane has emerged as a prime real estate destination, and if you're planning to invest in a flat in Thane, this step-by-step guide will help you make the right choice.

1. Assess Your Budget and Financial Planning

Before you start looking at flats, the first step is to evaluate your budget. It’s important to know how much you can afford to invest in a 2 BHK flat in Thane. Factor in the down payment, home loan eligibility, interest rates, and other related costs such as registration, stamp duty, and maintenance charges. When calculating your budget, keep a contingency fund in place for any unexpected expenses that may come up during the home-buying process. It’s also a good idea to get pre-approval for a home loan, which will give you a clear idea of how much financing you can secure and simplify your property search.

2. Research the Market and Choose the Right Location

Thane is a large area with multiple residential pockets, each offering different advantages. When investing in a 2 BHK flat in Thane, it's important to research the local real estate market and identify areas that align with your lifestyle needs. Consider factors such as proximity to work, schools, hospitals, public transportation, and shopping centres. Look for areas in Thane that have seen infrastructure development like metro stations or new highways, as this can lead to property appreciation over time.

3. Check the Developer’s Reputation

One of the most crucial steps in buying a property is checking the reputation of the developer. A trusted developer with a solid track record will ensure that you get quality construction, timely delivery, and good post-sale services. Look at the developer's past projects, customer reviews, and financial standing before making a decision. In this context, Raymond Realty Ten X Habitat stands out as a prime option. This project is backed by the credibility and reputation of the Raymond brand, known for delivering high-quality homes with world-class amenities.

4. Understand the Amenities and Lifestyle Offerings

When choosing a 2 BHK flat in Thane, it’s important to look beyond the basic property features and consider the amenities offered by the project. Modern residential developments provide a wide range of amenities such as gyms, swimming pools, landscaped gardens, children’s play areas, and security features that enhance your lifestyle. These amenities not only improve your quality of life but also increase the future resale value of your investment.

5. Legal Checks and Documentation

Before finalizing your investment, ensure that the property is legally sound. Check if the project has received the necessary approvals from local authorities and whether it complies with the Real Estate Regulatory Authority (RERA) guidelines. The RERA registration ensures transparency in real estate transactions and protects homebuyers from fraudulent practices.

Make sure to verify the following documents:

The title deed of the property

Approved building plans

Occupancy and completion certificates (if applicable)

Home loan eligibility and approval from banks

By doing these checks, you can safeguard your investment and avoid potential legal complications in the future.

6. Visit the Project and Inspect the Flat

Once you've narrowed down your options, it’s time to visit the project site and inspect the flat. Seeing the property in person will give you a better understanding of the space, layout, and overall vibe. Pay attention to details such as ventilation, natural light, and the quality of materials used in construction.

7. Make Your Investment and Plan for the Future

Once you’ve completed all the necessary research and are satisfied with your choice, it’s time to invest. Sign the sale agreement, make the down payment, and apply for your home loan if needed. Be sure to go through the terms of the agreement carefully and clarify any doubts you may have with your real estate agent or lawyer.

Conclusion

Investing in a 2 BHK flat in Thane can be a smart move for both end-users and investors. By following this step-by-step guide, you can ensure that you make an informed decision and choose a home that meets your family’s needs and financial goals. Projects like Raymond Realty Ten X HabitatThane offer a unique blend of modern amenities, strategic location, and trusted construction, making it an excellent choice for anyone looking to buy a home in Thane.

#2 BHK flat in Thane #Raymond Realty Ten X HabitatThane

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snehak-posts · 4 years ago

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Your Must-Have Checklist Before Possession of Apartment | Ashwin Sheth Group

Given that homes evoke such deep emotion in all of us, it’s easy to forgo pragmatism while buying a home for the first time. However, when it comes to your swanky apartment in one of the new projects in Mumbai or that straight out of your dreams – 4 BHK flat in Thane, there are more than just a handful of elements that first-time homeowners need to consider.

Before getting to the fun part of picking your favourite paint shade or framing all those beautiful pictures you have always dreamed of hanging in your own home, there is one slightly off-putting pit stop we must make.

You guessed it – Paperwork and final checklist before possession!

Here we go…

To begin, you must ensure you have all your documents in order. The following documents (originals and photocopies) must be in your hand before possession.

Encumbrance certificate: A mandatory legal document that ensures complete ownership of the property without any financial or legal liabilities. (Ask for the past 30 years)

Commencement Certificate: Issued to the builder by the licensing authority after specifications in the IOD are fulfilled.

No Objection Certificate (NOC): Builders need a NOC from various government departments before beginning construction of the project. These include BESCOM/BWSSB, KPTCL, and Environment Clearance

Completion Certificate: A legal document stating whether the building has been constructed according to regulations and norms.

Occupancy Certificate (OC): A mandatory certificate issued by the civic authority signifying compliance of the building to the approved plan and other building laws.

Khata: The document signifies the person’s name under which the property’s records are maintained in the local civic body’s office.

Joint development agreement (if any): This is necessary if there are two or more parties jointly involved in the project’s development.

General Power of attorney (GPA): A legal document where one party authorizes another party to act on his behalf as his legal representative as well as take binding legal and financial decisions.

Building plan approvals: These states whether the building plan has been approved by the local authority or not. If not authorized, it is an illegal construction. (For instance, BBMP or BDA in case of Bangalore)

Allotment letter: In case you are going for a loan, the builder or the cooperative society issues this letter with details of the property being bought/sold, based on which the bank releases the remaining funds.

Tripartite agreement (if any): In case the builder has taken a loan to develop the property

Letter of No Dues: Letter of possession is issued only after all balance payments are received. Till all such clearances are documented internally, the builder will not be signing the possession letter.

Registered deed of conveyance

Land-use Certificate / Conversion Order

Details of electricity, water and power backup

Agreement by a maintenance agency

Car parking allotment and details

Note: Documents such as sale agreement, sale deed, mother deed and tax paid receipts by the builder on the total saleable area are to be obtained at the time of property registration, in case of an under-construction property.

Once you get the paperwork out of the way, make a comprehensive checklist of things to check at your new home. Here’s a checklist to get you started but you can add or delete points based on your property or your preferences.

1) Dimensions:

First of all, before taking possession of your flat, ensure that the dimensions of all the rooms and utility spaces are as per the approved plan promised at the time of booking and also mentioned in the agreement. Sometimes it is found that some of the dimensions differ by 2-4 inches with the approved plan.

2) Doors and windows:

Ensure that all the doors and windows have been provided of the specification mentioned in the agreement. The doors should open and close smoothly without any noise. The knob and lock of the doors should work properly. Similarly, check whether windows are installed correctly, and they can be opened and closed without any extra effort.

3) Wall Paints:

Wall Paints should also be checked before taking possession of a flat. All the rooms and utility spaces must have a double coat of synthetic enamel paint without any visible patches. While rubbing your hand over the paint, it should feel smooth.

4) Fittings:

Before possession of your flat, it is very important to check the quality and quantity of all the fittings. These include kitchen, bathroom and sanitary fittings. The fittings should be provided of the same or equivalent brand and specification as mentioned in the agreement. It should be ensured that all the fittings are working in proper condition. There are no leakages while opening or closing taps etc.

5) Switches and plug-points:

Similarly, ensure that all the sockets, plugs and bulb holders are connected to the main supply and working properly. Also, check if the main fuse of the house is controlling the whole current supply. In case of provision of an inverter, ensure that if the main switch is switched off, the supply shifts to the inverter without any issue. Also, check if the miniature circuit breaker (MCB) is of good quality.

6) Look for cracks:

Cracks in the wall are one of the most common issues, which are visible at the time of possession. So before taking possession, you should carefully look for the cracks and discuss it with the builder and its engineer about its reasons.

7) Drainage outlets:

Like cracks, clogged outlets are also one of the most common issues of a new flat. Hence you should check all drainage outlets in bathrooms, kitchen, balconies, utility spaces, etc. before taking possession of flat.

8) Amenities:

Builders promise plenty of amenities such as a park, temple, swimming pool, clubhouse, gym, etc. at the time of booking.

9) Lifts and common areas:

Check whether the lifts have been provided of a reputed company or not. Generally, lifts of OTIS or KONE are preferred. Also, check whether the lift is properly working or not.

10) Power backup:

It is imperative to provide power backup for multistoried buildings for the smooth and uninterrupted functioning of lifts, water supply and other essential services. It should be checked that the DG set installed, is of a reputed company and adequate load. Before possession, its proper functioning should also be ensured.

11) Obtain all sets of keys:

Finally take all sets of keys in your custody at the time of possession without any fail. This is very important given the security of your flat. If any key is left with the construction or maintenance agency of the builder that should also be obtained at the time of possession.

All done and dusted! Now you can plan your housewarming party in peace. We at Ashwin Sheth Group wish you all the happiness in your new home.

#2bhkflatsinmumbai #2bhkflatsinthane #newprojectsinmumbai

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