7 Essential Documents You Need When Buying Commercial Property in India

Read Time:-2 Min

It is quite thrilling to ride in commercial real estate, and as such, it's very important that you get the paperwork right so that the transaction goes through; below is a quick guide to the seven key documents you will need when purchasing commercial property in India:

Title Deed This is the golden ticket. What it does is confirm ownership by a seller and prove that the property is free from any form of lawful and legitimate disputes; thus, it forms a cornerstone of your purchase.

Sales Agreement It can be said to be that document acting as your roadmap. The sale agreement provides an indication of all the terms regarding the sale, that is, the price and time frame when the payment should be made, both parties getting to the same page.

Not missing the registration process: Registration of property should be done with the sub-registrar of the local authority. You will need to pay stamp duty and registration fees, of course!

Encumbrance Certificate: An encumbrance certificate is your safeguard for various reasons. An encumbrance certificate states that there are no legal liabilities or outstanding dues against the property.


No Objection Certificates (NOCs): Depending upon the type of property, you would need a set of diversified NOCs from local authorities. NOCs merely confirm that there are no legal matters or objections towards the property.

Building Approval Plan: You would be planning any kind of renovation. Well, if that's indeed the case, you will require a building approval plan from the local municipalities to ascertain that the modifications done are within the zoning laws and regulations.

Tax Receipts: Let Your Records Keep Tidy! Up-to-date property tax receipts are important documentation to ensure that there are no pending dues in relation to the property and that it is free from hassles.

Incorporation of such important papers in your purchase will make the transaction smooth as well as a prudent investor. To ascertain that the purchase has been successful, you can employ real estate experts or the legal counsel of Genuine Plots to guide you through the papers.



Join The Discussion

Related posts
Gokhale Constructions Bags Prime Land in Punes Model Colony for Rs 311 Cr Unveils Ultra Luxury Vision

In a landmark deal that’s set to reshape Pune’s premium real estate landscape, Gokhale Constructions, one of the city's most reputed developers, has acquired 3.5 acres of prime land in Model Colony for a staggering Rs. 311 crore. The land, earlier owned by Seth Hirachand Nemchand Smarak Trust, sits at the heart of Pune, making it one of the most valuable and strategically located acquisitions in recent memory.

Continue Reading
From Site Visit to Sale Deed: What to Expect When Buying a Plot

Buying a plot of land is a big decision—whether it’s for building your dream home or making a smart investment. But for many, the process can seem confusing. That’s why we’ve created this simple guide to take you through every step—from your first site visit to the final registration of your sale deed.

Continue Reading
PCMCs Demolition Drive Sparks Protests as Town Planning Schemes Loom in Chikhali Kudalwadi

The Pimpri-Chinchwad Municipal Corporation (PCMC) has come under fire from residents after the demolition of over 4,500 unauthorised structures in Chikhali-Kudalwadi.

Continue Reading
WhatsApp Icon
WhatsApp
enquiry Icon
Enquiry Now
subscribe Icon
Subscribe Now