If you are planning to purchase a flat or independent house you will find these tips given below very useful:
1. Verify original land documents, construction plan and tax paid receipts for at least last 15 years. Consult a lawyer if necessary to get them verified.
2. It is better to purchase flat when it is in the initial stages of construction than a completed one as you can opt for modifications in the plan like remove particular wall, opt for open kitchen, shift the entrance of any room to another place, have separate pooja room, storeroom, etc.
3. Read the Sale Agreement carefully. Normally the builders allow 18 months grace period for themselves and do not give any grace period for the flat owners. Also they will mention that they will pay 4% interest if they fail to deliver the flat on time but owners have to pay 18% interest if they are unable to pay the installments in time. Ensure you read and know what agreement you are signing for.
4. Availability of basic things like the needs of your family (proximity to schools vs. proximity to offices), the space you need ( 1bhk, 2bhk, 3bhk, etc), size of the house (sq. ft), Connectivity (near a main road/ bus stop, etc.), Safety and security inside and outside the building, Social Infrastructure in and around the area, Lifestyle amenities and facilities in the apartment, Furnishing (fully furnished, unfurnished or semi-furnished).
5. Decide if you want a property that is a standalone building, gated society, independent society, etc.
6. You can also look for Vastu if you believe and most importantly budget.
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What are the things to keep in mind while buying a flat in India?
Sooraj
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1
4 Year
2020-08-27T16:20:12+00:00 2020-11-19T15:57:55+00:00Comment
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