Devika Pragati Group : Preparing homes for tomorrow

With the increasing rate of issues related to real estate, ‘Devika Builders and Promoters’ advise the investors to conduct a thorough verification of the important documents before purchasing the property.

To ensure litigation free real estate transaction, it is necessary to check few factors related to property purchase, such as:

Defect free title

In real estate property, a defective title usually means that the land being sold by a party claiming to have good title is actually owned by someone else. Defective title can have seriously negative effects on a real estate sale transaction. It could cause the title to be declared invalid, which ultimately results in confusion regarding the true owner of the property. A defective title can make a real estate transfer more complicated and can delay the process. In order to avoid these complications, investors must confirm that the title is defect free.

Property encumbrances

An encumbrance is a claim against, limitation on or liability against the real estate property. Encumbrances include liens, deed restrictions, easements, encroachments and licenses. Encumbrance usually impacts the transferability of the property and can restrict its free use until the encumbrances are removed. 

Check for No Objection Certificates (NOC’s)

Before investing in any real estate property, investor must check for the NOC’s from urban land ceiling NOC (if applicable) also NOC from electricity, water and lift authorities have been obtained or not. If property is in a society, then a NOC from the society is also required to check the legal status.

‘Devika Pragati Group’ completely understands the value of the hard earned money which buyers invest for purchasing their dream home. With our projects like ‘Devika Gold Homz’, ‘Devika Skypers’ etc, we have fulfilled our commitment to complete the entire procedure of buying real estate property systematically to reduce the hassles for our valuable customers.