Selecting and purchasing the perfect home requires a lot of research, legwork, and planning. No matter whether a person is investing in ready-to-move apartments in Gurgaon, Noida, Delhi or some other city, they have to be extremely systematic in the property investment process. There are many instances where homebuyers take up a good sum of home loans to buy their dream house whose instalments shall be paid from their income over several months or even years, so it is crucial to be extra careful.
Apart from the property location and price, there are many factors one must consider when buying an apartment. Here are a few of them:
The carpet area of the apartment: Typically, the area of a property listed comprises the overall space including stairs, elevator space, shafts, the thickness of the walls, and other such elements. The carpet area, however, is the actual area within the walls of a flat. Usually, it is around 30% lesser than the built-up area of the property.
Land record: The land on which a building is developed is extremely important. One must research well about the topography of the land on which the establishment has been constructed. This plot should be properly registered and cleared of all dues as well. Before investing in a house, its title deed should be effectively checked and verified. This deed features all the important details related to the ownership and ownership of the property:
Legal check: Homebuyers must make sure that the building they are investing in is legally authorized to be constructed. Any developer shall have to obtain NOCs and approvals from relevant sewage and water supply boards, electricity boards, area development authorities, and Municipal Corporation before developing a building. Homebuyers should ask their developer for a copy of these NOCs.
Apartment possession is another factor to consider when making a property investment. The issue of construction delays is quite prevalent with under-construction properties. Hence, it is always better to invest in ready-to-move apartments in Gurgaon, Noida, Delhi, Mumbai, or some other large city. Details of such properties can be found online.
Comments