By ResidenceBuy India | 0 comments | 1872 views |
Feb 26 2012
Here is the required property documentation for NRI home loan:
Original title deeds tracing the title of the property for a minimum period of the last 13 years
Encumbrance Certificate for the last 13 years
Agreement of sale /construction, if any
Receipts for payments made for purchase of the dwelling unit
Approved plan / license
ULC clearance /conversion order etc.
Receipts for having invested the margin money through normal banking channels from the Non-Resident (External) account in India and / or the Non-Resident (Ordinary) account in India
Latest tax paid receipt
Allotment letter from the co-operative society / association of apartment owners
Agreement for sale / sale deed /detailed cost estimate from Architect / Engineer for property to be purchased / constructed /extended / improved
Copy of approved drawings of proposed construction/purchase/extension
Key prerequisites: Make sure that you have all the legal documents ready and all the govt. regulations fulfilled before the project starts. Otherwise the project can be mired in long legal
Enhance the home value:Given that you have decided to sell, and have a good pricing strategy based on extensive research and market trend, it is time to make your property attractive.