For a home loan, you would need a letter of award. This letter is edited by a developer or by the housing authority, which mentions all descriptions of the property and details of the consumer`s payment to the developer. The sale agreement is different from the letter of award. The purchase agreement is documented on a stamp paper, while the attribution letter is marked with a header in an A4 sheet. The letter of award is given to the first buyer by the developer, according to which, if another person buys the property, he must request copies of that letter to the person who sells the property. This document is intended to provide proof of the sale or purchase of a property is carried out by an authorized person in the name of the owner, this document is also required to obtain an approved bank loan this document is the list of all types of information of the property? terms and conditions, specifications and facilities, date of ownership, payment schedule, details of common areas, etc. It is the same agreement that proves that the developer is the one who created the project. When applying for a home loan, this is a document that you need to create at the bank. This is an important sheet of paper that is needed for real estate purchases. The initial sale status must be established when determining the right of ownership over the property. The sale status must be registered with the lower office of the land in which the land is located.
The owner of the property must pay property taxes. If it is a resold property, make sure that the previous owner has paid the property taxes and that these taxes are not due. Property tax revenues are proof of the legal form of the property. You should have the original payment documents if it is a new property. In the event of a re-check of real estate, copies of this document will be requested at a later date in the bank for your credit approval. This document is required for Gram Panchayat properties that contain details of previous possession. The original is generally not necessary; However, it is important to be produced if the property is in a Gram Panchayat jurisdiction, for example a Rajarhat property located inside could use it.