Encumbrance Certificate Explained: Why Buyers Must Check It
An encumbrance certificate is the proof of title clearance, legal documentation, and history of the property prior to your purchase.
An EC is necessary, as it can save you from inheriting an unpaid loan of someone else’s, a pending court case, or any other legal proceedings against the property you are unaware of.
Why RERA Approved Projects Are Safer for Property Buyers
RERA-approved projects came into existence because of the need for an effective system which is based on the protection of the buyer, transparency of the project, and responsibility of the builder, and not due to any other factor.
Before coming into existence, buyers had no options in case of delays in possession, false advertising, or diversion of money.