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before Investing in a Property

7 Documents to check before Investing in a Property

Before zooming in on your dream home in the Delhi-NCR region, there are many documents you need to check to ensure the security of your investment.

As a prospective buyer, it is essential you develop a checklist and check out the validity of the property with regards to approvals and sanctions.

HappyKeys provides a basic list of documents and essential steps investors need to take to ensure they put their money in the right property with clear validity and ownerships.

At the top of the list is the need for buyers to hire the services of a lawyer/advocate who specialises in Real estate (especially residential sectors). These are professionals who will be able to identify any loopholes in the documents that may prove to be a risky investment at a later stage.


Check out: Checklist For Choosing A Builder In Delhi-NCR


The list of documents one needs to check before buying property are:

  1. Local state/district approval plans along with the Intimation of Approval/Disapproval (known as an IOD)
  2. Title Certificate indicating the history of ownership of the property. There is often a trail of ownerships, as the property may have previously been a farmland/gram panchayat land that was passed down through generations (and even sold changing ownership from one family to another). It is essential to ensure that all names mentioned in the records have clear ownership rights to ensure the sale is legal.
  3. Prior to buying the property, a draft of the Allotment Letter of a particular premises and its draft Agreement of Sale should also be legally inspected by your lawyer/advocate. It is their job to ensure that the terms and conditions mentioned therein are legal, logical and targeted date of delivery reasonable within limits.
  4. As the Commencement Certificate (CC) is issued in parts, the buyer must take a note of the progress of the project. In the initial phase, the builder gets a CC only till the plinth level. Later, the next levels of approvals follow as the project progresses. This approval varies from state to state depending on the land bought (farm land converted or land earmarked for development). Checking the CC regularly is in fact the right of the buyer and builders rarely object to it.
  5. License of Land/Property helps you check for any discrepancies in the land deed.
  6. In the builder/buyer agreement, the terms and conditions must be stated clearly in the document. In fact, it is a proper legal document with all legal formalities.
  7. One should collect the No Objection Certificate (NOC) from the builder stating that full and final payment has been made for the property purchased. 


Check out: Checklist For Investing In Pre-launch Property