SERVICES

SKL carries out a comprehensive Property due diligence exercise for its client. This is done to ensure that the title of the property are clear, there are no encumbrances or disputes relating to the property. This ensures that there are no major risks associated with the buying of property. Due Diligence involves scrutiny of all documents and ownership chain diligently to figure out, risks ,if any involved in purchasing the property .This gives a basic comfort to the buyer that he is investing money in the property with clean and clear title. The buyer can evaluate the risk (liabilities)associated with buying of the particular property. It all depends on the risk appetite of the buyer as to whether he wishes to go ahead with the deal or not.

There are lakhs of buyers of property in India whose money is stuck as they have not carried out proper due diligence of the property before buying the property. Therefore the proper due diligence of property assumes great importance in real estate deals.

There are host of details, which are looked into while conducting the due diligence exercise .The team conducting due diligence independently verify all permissions, NOCs, representations made by a seller .All the relevant permissions/approvals and NOCs are examined by the team to ensure that all necessary approvals etc are in place and there are no major potential risk in buying the property. In addition to the physical state of the property, there are a many other aspects that are to be looked into while evaluating a site of property. Each document concerning the land, building and its operation is to be examined. Thorough examination is carried out of chain of ownership documents ,any missing link therein is highlighted .Further documents such as Land use certificate, certificate of occupancy, tax history, licenses , NOCs ,approvals, contracts for parking etc. are also examined in detail. Physical Inspection of all the original documents of the seller are also carried out .

Due Diligence involves scrutiny of all documents and ownership chain of a property diligently to figure out, risks ,if any involved in purchasing the property.

It could take 10 to 20 days depending on the value and age of the property