How to buy a flat in Navi Mumbai

Real Estate buying check-list for Navi Mumbai

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Mayur
  • Identify flat/property you like
  • Scrutinize property papers, title documents, municipal permits, flat ownership papers, society status, CIDCO NOCs etc
  • Make sure society conveyance has been done (without this, no CIDCO NOC will be possible and without CIDCO NOC no bank will give you a loan). This is not for fresh purchases in a New Project. In a new project, no society is formed until 60% of the flats are sold by the builder.
  • Fix Price
  • Formulate MOU (Memorandum of Understanding)
  • Make Token/Part payment if taking a loan. Take a receipt for the same
  • Formulate and register the Agreement for Sale (Sale Agreement) If taking a bank loan
  • Apply for CIDCO Transfer/CIDCO NOC
  • Obtain CIDCO NOC
  • Apply for Mortgage NOC (Only if taking a loan)
  • Obtain Mortgage NOC from CIDCO
  • Get bank to disburse the loan
  • Formulate and register Sale Deed
  • Apply to CIDCO for ‘Final Order’
  • Submit CIDCO ‘Final Order’ to Society for transfer of name in Share Certificate
  • Apply for change in name in Electricity and Gas department records
  • Apply for change in Property Tax Records (If applicable). Cost of Transfer is approx Rs 200 per square meter in Navi Mumbai. No Property Tax Transfer can take place without CIDCO Final Order.
  • Apply for change in Water Department (If applicable)
  • Transaction Complete

Rate list for our services

CIDCO Transfer only15,000
Mortgage NOC only15,000
CIDCO Transfer + Mortgage NOC20,000
Only Drafting/Documentation5,000
Drafting and Registration of Sale Agreement/Sale Deed10,000
Brokerage (Purchase/Sale transaction)2%
Brokerage (Rentals)1 month rent/year
Consultation over Phone/Whatsapp/Zoom/Google Meet5,000/30 mins
Property Tax Name Transfer10,000
Water Bill Name Transfer10,000
Rate list for Real Estate Services in Navi Mumbai

CONTACT US

Get in touch

Sky Properties
Sector 19a, Nerul,
Navi Mumbai

Contact us

9987452642

Mail us at : mayur@navimumbairealestate.org

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By Mayur

Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors. When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy. With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google. He can be reached on 9987452642

2 comments

  1. Hi Mayur, I recently purchased a property in kamothe and I was thinking to do cidco transfer. But the agent is saying that I should wait because panvel municipal corporation will take over and then I won’t have to pay for cidco noc. Panvel municipal will issue the noc and it will cost very less. Do you have any idea about this?

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