What is meant by legal aspects?
The term relates to the verification of all the legal issues that include genuineness of the property, documents to make sure that the builder or realty companies are following all the procedures according to the law. The buyers need to demand all the documents from the promoters or realty companies including the papers of the land sanctioned by the local municipal authorities, and also the permission to construct flats and sell them to the buyers.
Are the promoting companies bound to show the documents?
‘Yes.’ The buyers have the right to check all the documents that are related to the property that is being built on a particular piece of land. The law of the land allows them to crosscheck all the papers by themselves or by any qualified lawyer or attorney. Being the probable buyer of the flat in Kolkata, you reserve the right to see the documents and crosscheck them at different levels.
What will happen if Legal Aspects are not Taken Care of?
The recent instances of fraud in Kolkata have made it mandatory for every buyer of a real estate property to fulfill all the legalities and thus protect themselves from becoming victims of fraud. As you cannot identify a fraudulent person by face, that is why the possibility of becoming a victim is very high. In the last few years, homeowners have been denied the lawful possession of their property only because they were not serious about meeting the legal aspects. They paid the money without maintaining the right procedure, and that ended very badly for them.
How to Fulfill the Legal Aspects:
If you are willing to buy a flat in Kolkata or its suburbs, then you must consider hiring the services of an expert attorney who has a good knowledge of real estate property cases. Such a lawyer can handle all the legal aspects and protect your interests. You should demand copies of all the documents from the building authorities, and verify them at different places. If the documents are proved to be legal and genuine, then you should proceed to make the home your ‘Abode of Peace’.