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Thursday, May 19, 2011

New flats in Mumbai: Documents Needed

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New house in Mumbai; are you interested in buying it? If yes, here are the documents to buy a new flat in Mumbai:

Firstly; the buyer has to enter into a Registered Agreement of Sale with the builder and pay the required margin money. Then he has to approach the financial institution and collect the necessary details including application form from them.
On application, copy of registered agreement, registration receipt, receipt of payments made and NOC from Builder have to be handed over to the financial institution.
In case of purchase of a new flat, loan will be disbursed in installments depending on stagewise progress of work-
Supporting documents to buy new house in Mumbai

Requirements for salaried applicants:
1. Employer's salary certificate in the appropriate format and latest salary slip
2. Photo Identity
3. 3TDS certificates, ESIC/PPF certificate
Requirements for businessmen and self employed people
► 3 years IT returns together with P/L account, etc duly certified by a Chartered Accountant.

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