POSTED BY December 27, 2014 11:16 am COMMENTS (2)
ONHi,
I’m buying a new (Under Construction) flat in Pune and would like to know what exactly procedure after paying initial booking amount.
Around 50% construction completed and it will get complete in next year. I have paid initial few amount and rest will be through HOME LOAN. can you please share the detailed procedure for buying a flat. like property registration, sale deed, property card, conveyance deed etc.
Thanks in advance.
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Thanks Manish, this helps me however, can you please help in understanding procedure for sanction of loan before getting home loan. And which home loan you had – SBI, HDFC, or any other? Also co-applicant is necessary (I’m owning flat solely on my name) as bank agent told me that its necessary.
I contacted SBI and HDFC today and both banks gave me list of docs and they told it will take for SBI – 10-12 days and for HDFC 7-8 days for getting sanction letter to me.
I bought a home on loan (but fully constructed and ready for possession last year) . SO I can share my steps with you
Step 1 – Booking Amount paid Rs 2 lac and got a reciept from builder
Step 2 – Started arranging for downpayment and also applied for home loan
Step 3 – Once the loan is sanctioned and the bank has made the cheque ready , I went to and paid down payment
Step 4 -Registration of house and sale deed completed
Step 5 – Paid the cheque to builder from bank side
Step 6 – Got the possession ..
Not sure how much this helped ?