Investing in real estate is a big decision, and choosing an MVDA (Mathura-Vrindavan Development Authority) approved property ensures your money is safe, secure, and rewarding. Here’s why:
Benefits of MVDA-Approved Properties
1. 100% Legal and Risk-Free
MVDA approval guarantees that the property follows all government regulations, ensuring there are no legal issues like unauthorized construction or land disputes.
2. Verified Land Title
An MVDA-approved property ensures the land title is genuine and free of any encumbrances, meaning you’re buying something with complete ownership clarity.
3. Quality and Safety Standards
These properties meet strict construction and safety guidelines. From earthquake resistance to proper drainage systems, you’re assured of a durable and safe structure.
4. Easy Financing
Banks and financial institutions readily approve loans for MVDA-approved properties, offering you better terms and quicker approvals.
5. Planned Development and Amenities
MVDA ensures the property is part of a larger development plan, including access to good roads, water supply, drainage, parks, schools, and markets, making life more convenient.
6. High Resale and Rental Value
These properties are more attractive to future buyers and renters due to their legal standing and planned infrastructure, ensuring better returns on your investment.
7. Peace of Mind
Owning an MVDA-approved property means no fear of demolition, penalties, or legal complications, giving you complete peace of mind.
Documents to Check Before Buying a Property
To ensure your investment is secure, carefully check the following documents:
- Title Deed
- Confirms the seller’s ownership and that the property is free of disputes.
- Verify that the title is “clear and marketable.”
- Sales Agreement
- Includes details about the property, terms of sale, and payment schedule.
- Approval Certificate from MVDA
- Confirms the property is approved by the Mathura-Vrindavan Development Authority.
- Encumbrance Certificate (EC)
- Ensures the property is free of financial or legal liabilities.
- Building Plan Approval
- Check if the property’s layout and construction plan are approved by MVDA.
- Tax Receipts
- Ensure all property taxes are paid up to date by the seller.
- Completion Certificate (if applicable)
- For constructed properties, this certificate ensures the building complies with approved plans.
- Occupancy Certificate (OC)
- Confirms the property is ready for possession and has met all safety and utility requirements.
- NOC from Authorities
- Check for No Objection Certificates (NOCs) from local bodies like water, electricity, and environmental authorities.
- Identity Proof of Seller
- Verify the seller’s ID to avoid fraud and confirm they have the right to sell the property.
In Simple Terms
Buying an MVDA-approved property is a smart move because it’s safe, hassle-free, and future-proof. These properties come with legal security, better quality, and long-term financial benefits. Just remember to double-check the necessary documents before making the final purchase to ensure a smooth and secure transaction.
With MVDA-approved properties, you’re not just buying a home – you’re investing in peace of mind!
