The arrest of a Thane-based real estate developer for allegedly selling flats with forged permits has once again underlined the importance of due diligence in property transactions.
According to Maharashtra police, the developer is accused of using fake revised construction permits and maps to build and sell apartments beyond the sanctioned limits in Mira Bhayander, near Mumbai—duping buyers of crores of rupees.
Legal experts say the case is a reminder that buyers must carefully verify all property-related documents before committing funds. “Homebuyers must verify the ownership title and get legal due diligence done before investing,” said CA Aditya Zantye, partner at AKORD & CO.
Below are five key checks every homebuyer should carry out before booking their dream home:
1. Title Deed and Ownership Records
Ensure the developer has a clear and marketable title to the land. Documents such as the conveyance deed, property card, 7/12 extract, property tax receipts, and water connection bills should be examined. Verification with the local sub-registrar’s office can help rule out disputes or encumbrances.
2. Building Plan Approval
Municipal authorities must sanction the project’s layout and construction plan. Buyers should compare the approved plan with the builder’s version to avoid falling prey to illegal or altered layouts.
3. Commencement and Completion Certificates
A Commencement Certificate (CC) confirms that construction has been legally permitted, while a Completion or Occupancy Certificate (OC) ensures the project has been built as per sanctioned norms and is fit for possession.
4. RERA Registration
Under the Real Estate (Regulation and Development) Act, all projects must be registered with the respective state RERA. In Maharashtra, homebuyers can use the MahaRERA portal to verify project details, developer credentials, and compliance records.
5. No-Objection Certificates (NOCs)
Legitimate projects require NOCs from departments including fire safety, environment, water supply, and electricity. Missing or forged NOCs can lead to future legal disputes or safety hazards.
Experts caution that while property purchases often involve emotional decisions, buyers must prioritize legal due diligence to safeguard their investment.
