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Property Documentation

By ResidenceBuy India  |  0 comments   |  1869 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

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