I am buying a second hand apartment. How can i check if the property is free from any loan by its original owner?


#1

I am buying a second hand apartment. How can i check if the property is free from any loan by its original owner?


#2

As a buyer you can make use of CRESAI and safeguard yourself from any real estate fraud. You can check the mortgage details of any plot of land you intend to buy or the plot on which a builder is making a new project for any mortgage associated with it. The mortgage database is made public by CRESAI and you can verify the records of CERSAI to check the existence of mortgage on any property by visiting the CRESAI public search portal at https://www.cersai.org.in/CERSAI/JSP/IBACRPaymentGateway.jsp and payment of a nominal fee of Rs. 50.


#3

Hi Sooraj,

To protect yourself from any real estate fraud you can make use of CRESAI by checking the details of the mortgage of any piece or plot of land that you intend on buying or any plot on which a builder is developing a new project. CRESAI has a mortgage database that is open to the public through which you can verify any records so determine if a mortgage exists on any property. You can do this by visiting the following site https://www.cersai.org.in/CERSAI/JSP/IBACRPaymentGateway.jsp and paying a token fee of Rs. 50.

Cheers,
Team BB