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Novi
Beginner
( 17 posts )

[1 answer]
I would like to buy an apartment in IC1, CBD, Lady Ratan.

Currently that apartment doesn't have title deed, as per the agent the title deed will be ready after 2 months. My question is:

- How can I assure that the title deed will be ready after 2 months?

- How I can assure my ownership without title deed? Suppose the worse possibility if the owner takes back the ownership after the payment completed.

-How can I register my apartment for the title deed and what are the documents required?

-Is title deed=ownership? Is there any other document that could prove the ownership?

1800 days ago In Buying Process
Zeeshan Khan
Senior Authority
(731 posts)
Hi,

Regarding your question about title deed being ready after 2 months, you can simply contact the developer directly and inquire about the construction status. From what you have mentioned the building is incomplete at the moment and few payments are remaining. In such a case you will visit the developer with your broker and they will record the sale of apartment from the previous owner to you and issue an ownership certificate to you. The developer will further instruct you regarding the completion date and any other specific requirements.

For incomplete off-plan properties the ownership certificate issued by the developer will be your evidence of purchase. Furthermore if you conduct the transaction before completion then the remaining payments required to be made to the developer will be completed by you.

Title deed for a property can only be acquired once the property has been completed and will be issued by RERA (Land department). Your developer will process all the documents and apply for the title deed on your and all other customerís behalf after the launch of the property. Please note that for all incomplete properties the ownership certificate issued by the developer acts as your proof of purchase and for all completed properties this is accomplished via a title deed.

Hope this helps and let me know if you are still not sure about anything.
1800 days ago 

(1 answer)
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