Verify These 4 Legal Checkpoints Before Investing in New Commercial Projects In Faridabad
When you set out to buy, rent, or lease any new commercial projects in Faridabad, take note of these four critical legal checkpoints to protect your investment from setbacks and losses.
Real estate investments are typically characterized by a potential of generating adequate ROI, high levels of operating leverage, and a notable risk of capital. In simpler words, that means every property-related transaction is vulnerable to
inaccurate assessments and can lead to massive repercussions in the absence of necessary caution.
Finding a property with stellar legal stature is an achievement. Getting there, however, takes work. To better safeguard your investment in any new commercial projects in Faridabad, employ these four legal checkpoints before finalizing the
transaction.
- Property Title
A property title denotes the right to ownership. It’s often defined as a bundle of rights that acts as an authoritative record of exclusive possession.
Conducting a thorough property title search before buying any new commercial projects in Faridabad can help uncover potential problems with the land, i.e., if any exist. Verifying the property title also protects new owners from unnecessary liability, tax issues, unresolved claims, and the risks associated with property
ownership transference.
- Government Permissions
The purpose of checking for government permission proofs is to ensure that you are getting a fair deal, free of impediments.
Ask for documents like a commencement certificate, land-conversion certificate (if applicable), encumbrance certificate, construction approval, occupancy certificate, etc. Most such information is declared to the local authority and can be viewed
through that medium. Otherwise, you may request the same from the Builder/Developer.
- RERA Compliance
It’s a good idea to go for new commercial projects in Faridabad that are
registered under the RERA(Real Estate Regulation and Development Act of 2016.) Verifying RERA registration for the property of your liking can give a buyer enough information to ensure the credibility of the property as well as the seller, thus helping you make an informed choice.
- Authority Approved Plan
This one is more of a precautionary checkpoint than a necessary one. However,
tallying the approved plans with the actual construction offers validation regarding the property’s extent and measurement. It also provides a fair idea of the physical attributes of the space you’d be buying, increasing your confidence in the
transaction.
Looking for New Commercial Projects In Faridabad? Trust The Best; Trust Galaxy Magnum Infraheights Limited.
M1 Trade Tower, under construction at Mathura Road, Sector 37, Faridabad, is a spectacular commercial milestone. Being developed by Galaxy Magnum Infraheights limited- a prominent Indian real estate company – M1 Trade Tower harbors a unique combination of astounding architecture, high-tech facilities, and stellar designs.
Additionally, its strategic location enhances the appeal of this new commercial project in Faridabad.
➔ Zero Kilometers from Delhi
➔ Walking Distance from Badarpur Metro Station
➔ Located by a 200-feet-wide Bypass Road
➔ Within 300 meters of Mohan Cooperative Industrial Estate
M1 Trade Tower also boasts of other features that make it one of the most promising upcoming new commercial projects inFaridabad.
- Luxurious, elegantly planned office spaces
- Retail spaces
- Efficient, aesthetical, and comfortable designs
- Business support systems
- Three-level basement car parking
- Dedicated concierge
- Complete security and power backup
- Optimum use of natural light and air
To know more about M1 Trade Tower or any purchase-related inquiries, get in touch with our team.