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HOME SWEET HOME…the sweetness increases by four fold when it is our own. But this pleasure of owning a home comes with its own procedure. Apart from having the funds for the property, it is very important to check if there are any legal complications associated with it. But as a common man, you must be wondering how you can get access to this information. There is a legal document known as Encumbrance Certificate which provides the information about the charges created, if any, on that property. One should know all about Encumbrance Certificate before going for a property deal. 1. What is an Encumbrance Certificate An Encumbrance Certificate is a legal and a crucial document used as evidence of free title/possession of a property. A “Lien” or a charge will be added by the lender on the property if it is purchased by availing a mortgage or if it has been pledged. If there is a loan on a property, then that property has a financial encumbrance and getting a nil-encumbrance certificate for such a property would not be possible till the loan is fully repaid.  An encumbrance certificate, stating the liabilities, will be issued by the municipal body, if that property is caught in a legal dispute.  This is a way to ensure that the borrower/property owner should not sell the property until the mortgage is paid in full.  This legal document declares that there are no charges on that property, be it financial or legal. An Encumbrance Certificate can be acquired for a maximum time span of 30 years and will display transactions only for the specific period.  It is necessary to know that this legal document does not keep track of all previous property transactions. It does not provide any information before or after that specific time period. Any litigation on that particular property will not be reflected in the encumbrance certificate. This legal document is issued by the sub-registrar’s office. It holds all the details of the property, its owner, transfer of ownership, mortgages, etc. Some states issue it online while others want you to collect from the Sub-Registrar’s Office. In Telangana, you can get the Encumbrance Certificate online. 2. What is there in Encumbrance Certificate An Encumbrance Certificate, as we know by now, is a legal document that clarifies whether or not a particular property is free from legal or financial burdens. This document is made for a particular time frame that includes the list of every registered transaction identified with that specific property which happened during the mentioned time period. This document gives you the details of the loan taken against the concerned property, if any and also tells how many times the ownership changed during the mentioned period. It also includes the documentation of any legal claim if made on the property. But all this information will be limited to the mentioned period and not more and it can be for a period of 30 years. 3. Types of Encumbrance Certificates You should know that Form 15 and Form 16 are the two types of encumbrance certificates. This legal document is given for a period for which the applicant seeks the certificate and the maximum period is 30 years. Both the types of Encumbrance certificates are issued by the sub-registrar’s office. An Encumbrance will be on Form 15 if a land/property has any legal liability for the duration of the period for which the applicant has required a certificate. Form 16 is issued by the same office if a property/land doesn’t have any legal liability during the period for which the applicant has sought a certificate. Form 16 is also known as Nil Encumbrance Certificate. 4. Documents Required to Obtain an Encumbrance Certificate in Telangana This legal document obtained in Telangana proves that your property is free from all kinds of liabilities and a few essential documents need to be submitted to get this legal document. One has to submit the details of your property, as well as the title deed, the number of the deed that contains the book number as well as the date of the deed and the Address details of the applier along with the Registration papers of the property. An Encumbrance Certificate can be obtained online in Telangana, with just a few clicks but if anyone wishes to get it done in person, then he will have to walk to the Sub-Registrar’s Office located nearby. 5. When is an Encumbrance Certificate Required An Encumbrance Certificate declares that the property you are interested in has a clear title and free from financial or legal liability. If an Encumbrance Certificate has a charge on it, then it is important for you to rectify it before you make the deal. This legal document will show if there are any existing owners who can legally claim the property. An Encumbrance Certificate is required in the following conditions: 5.1. To avail a Home Loan This document is required if you plan to avail a loan to purchase the property. To ensure a successful approval of the loan, Banks and financial institutions have their set of guidelines that are to be followed and submitting an encumbrance certificate is an essential requisite in the process of applying for a home loan. 5.2. Needed while Purchasing or Selling a Property It is used as evidence of free title/possession of a property and also needed while purchasing or selling a property. This document is considered to be an assurance of the fact that the property is clear and free from any liabilities. It is considered as an important document and has to be made available as part of the records. The seller has to provide an Encumbrance Certificate to the buyer. It is also the duty of the buyer to cross check this document to avoid any hiccups during or after the process of property transfer. 5.3. Employees Provident Fund (EPF) Withdrawal For Property Purchase If an EPF withdrawal is being made for the purpose

Life is always demanding and one such demand is to own an abode of your own. Those who have a penchant for luxury and modern amenities prefer to purchase a villa. In today’s world we find many who desire to live a luxurious life with utmost privacy. For such people, a villa will be the best option. But before purchasing a villa, one should always consider a few factors or points to avoid the future hassle.  1. Choice of High Net- Worth Individuals The high net worth individuals always go for luxurious residences with fine aesthetics, impeccable interiors, and scenic views. Such homebuyers who opt for villas search to have an out-of-the-world experience. Luxurious villas are some of the most impressive, spacious and luxurious assets which have carved their own niche. These villas are a perfect investment and in addition to these they offer exclusive amenities and an opulent lifestyle. A luxurious villa provides an attractive environment and lavish lifestyle. Nowadays, one can find luxurious villas in a gated community. Since this is a huge investment with a myriad of options, there is no room for any error while purchasing the villa. 2. Points to Consider Before Purchasing a Villa Just by looking at the beauty, amenities and exterior outlook, one cannot zero in for a villa. Since a hefty amount is used in purchasing a villa, it is essential to know that the villa you have chosen is as per your expected lifestyle and can serve you for a longer time. One has to thoughtfully consider before purchasing a villa. Investing in real estate is a good and safe option but one has to be very careful and consider some points before investing in real estate. The property where you invest should be free from legal disputes. A few points which need to be considered are mentioned here.  2.1. Safety and Security  Security of the area as well as the security of the gated community is the first and foremost point that one has to consider before purchasing a villa. No matter where the villa is, whether at the fringes or in the suburban location, the safety of the area should be found out first. An important parameter to check the safety and security of an area is the general crime rate within the locality. This will decide whether it is worth living and purchasing a villa. The gated community should also have its own safety and security. CCTV cameras should be installed all over the open spaces and the common areas inside the gated community and stern vigilance should be maintained at the gates.  2.2. Location is Important Location has always remained a key factor in the investment of a property. Before purchasing a villa, one needs to do some research to find out if it’s the right location for you and if the place is secure, quiet, clean, and near various amenities that you may need. A villa should have a good connectivity and should also have a well developed retail infrastructure.  The appreciation of the property in future is also essential; hence one has to take care of this point too. Everything else can be taken care of but a location cannot be changed after purchasing the villa. That’s the reason it is a key point to consider. 2.3. An Essence of Green Villas are said to accompany scenic beauties and ample greenery. The ambience created due to lush green surroundings offer a peaceful and calm atmosphere. Greenery is a stress buster and it will work like a magic after your hectic day at the work place. When you are purchasing a villa, you should check out if there is abundant greenery and landscape beauties that can boost your mood. When you invest in such a villa, it offers you numerous benefits and it will be like you are investing in the pleasant climate which can create a spellbound ambience. A villa should be enclosed in a chunk of nature. 2.4. Let the Head Work More than the Heart Never get swayed by just the heart robbing scenes and beautiful nature around the property. There are many points that you have to consider before purchasing a villa. You just can’t ignore the main elements for the scenic beauties. Here it is very necessary that you think with your mind more than getting captured by the heart. There are many options but make sure that you stay in your budget and do not get carried away with just one or two points, neglecting many more. 3. Villas with All Points Considered Good Time Builders, a name with fame in the real estate of Hyderabad, has two of its villa ventures on the verge of completion, the Waterfront Villas at Patancheru and the Lakeside Enclave at Isnapur. These are those ventures where all care is taken in selecting the location and all the above mentioned points are considered in erecting these villas. If you plan to invest in these villas, then you need not have to consider the above mentioned points before purchasing the villa because they are already taken care of by Good Time Builders.   The Waterfront Villas at Patancheru are 3 and 4 BHK units with an array of amenities. These 94 units are loaded with amenities and offer well ventilated villas. Located in a perfect location, this venture includes all those points which one has to consider before purchasing a villa.  The Lakeside Enclave is spread over 13.5 acres at Isnapur. This venture is very much different from other projects as it holds an amalgamation of villas and flats. One can find two types of homes in a single venture. In all there are 187 units, beautifully and creatively designed and adorned with amenities. The 2 BHK villas offer an utmost privacy to its residents whereas the 2 and 3 BHK flats are well ventilated and have many amenities. Both the types of homes can enjoy the communal amenities. 4. To Conclude No doubt,