About Mysore:
Mysore is one of the important cities in India, the geographical closeness to the capital city of the state makes it economically more developing. Mysore is well-connected to different towns like Nanjangud, Gundalpet, HD Kote, Chamrajnagar, KR nagar, Srirangapatna, Bannur, Kollegal, T Narsipur, Hunsur, Madikeri etc. Mysore is a hotspot for all trade-related and administrative activities for its connecting towns, over the years Mysore has seen an increase in population, apartments in Mysore, and demographic shifting of people making way for rapid urbanization in the region. Mysore has a national bus and railway station, an airport, multi-specialty hospitals, universities, and proper infrastructure retaining its identity as a heritage city.
Buying an apartment in Mysore:
People nowadays are shifting their mindset and opting for apartment culture in Mysore, the main influential factors are the high cost of land and construction prices.
People now need a secure environment to stay peacefully keeping up the standard of living. Also, many big giants have entered and explored this market providing better housing at the affordable price range. Instead of visiting door to door of builders to find your desired home you can contact one expert in Mysore which is Pickyourprop Estates, we have one-stop solution and plenty of options to choose from under one roof.
What documents do you need to check while buying an apartment in Mysore?
Below are the important documents you need to check before buying an apartment in Mysore city
- RERA approval: A number will be issued by Real Estate Regulatory Authority Karnataka which will be usually displayed on project brochures and other documents, if not then collect this number from the builder and verify on RERA website whether the project is approved or not. Currently as per the law, no builder can solicit his project without the approval from RERA.
- Title of the property: If it is a pre-owned flat then sale deed (between builder and buyer) and Title of the property in the name of current owner needs to be checked whereas if it is a new building then there should be a clear title of the property in the name of builder.
- Building plan: A building plan or a site plan approval is usually issued by local municipality this document contains blue print of the project, utilities and layout of floors. Buyers must thoroughly check the approval of the full plan as any structure built differently is considered as illegal and later occupancy may be denied.
- Project Brochure: In order to ascertain proper built-up area and carpet area you need to collect a brochure of the project from the builder, as per RERA rules the builder has to mention both these information in the brochure.
- Conversion Certificate (If agricultural land is converted to non-agricultural): A certificate from revenue department will be issued to the builder if the land is agricultural land and it has been converted for commercial
- MUDA/DTCP: This is applicable based on the jurisdiction under which the land falls in, if the projects is developed within the city limits then MUDA will provide an approval to the builder and if the project falls in outskirts of the city then DTCP is providing approval
- Commencement certificate: This is applicable if the property is under construction, a certificate from local administrative authorities will be issued to the builder to start construction
- Completion certificate: This certificate is issued by local municipality after due inspections, it states that the project is completed as per norms in terms of height, distance from the road and is constructed as per the approved plans etc.
- Occupancy certificate: Once the building is ready then OC is issued by local governing authorities stating that the building is ready to be occupied and builder can start giving the possession to the buyers.
- Encumbrance certificate: With the details available in the sale deed, you can visit the registration office and collect the latest EC, this is to make sure that the property is free from any dues or obligations.
- Latest Tax paid receipt: If it is a pre-owned flat then the current owner should provide bills of the latest tax paid. In case if it is a new building then you have to make sure a new Khata account is created on your name to pay relevant taxes.
Usually reputed builders in Mysore have a legal teams and dedicated lawyers to serve their clients to buy apartment in Mysore, but to be assured one should always double check. Please make sure that you have consulted to a property lawyer or property consultant with all necessary information in order to verify and get expert advice.
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