Receiving the possession letter can be considered the final step of a home purchase process before moving in. But many tend to forget that there are other miscellaneous things that need to be taken care of to ensure that the ownership transfer is complete.
Read below about the things that need to be done immediately after getting possession.
1. Digitise and make copies of purchase-related documents for safekeeping and future purposes
2. Update the owner’s name in public utilities like electricity and water connection
3. Initiate change of name in official property tax records
4. Acquire a society share certificate on the owner’s name if it is a co-operative society
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