Property Price

The first step in choosing an apartment or house is to set a budget. Knowing how much you are willing to spend on a property makes it easier to narrow down your options.

Carpet Area

The carpet area is the real space within the flat's walls. This area may be 30% less than the built-up area or the area used to determine the property's value. 

Land Record

The property on which your apartment is built is quite important. You must conduct study on the soil quality and topography of the site on which the home will be built.

Legal Check of Property

Determine if the property is legally permitted to be built on the site on which it sits. Area development agencies, water supply and sewage boards, power boards, and municipal corporations should all approve and issue NOCs to the developer.

Home Possession

It has been a pattern for flats to be handed over late due to delays in commercial and residential developments. As a buyer, you should have a good idea of when you will be able to take possession.

Financing Banks

You should be informed of whether banks are ready or unwilling to fund specific builders. Some banks refuse to lend to certain builders due to a negative reputation.

Builder-Buyer Agreement

When you find a suitable flat or home, you may reserve it by paying a small fee in exchange for an allocation letter and an agreement. Before signing, this agreement should be thoroughly read and understood.

Location of the Flat

It is crucial to explore the location where you intend to live ultimately. It's crucial to consider the facilities, physical infrastructure, and accessibility to all essential locations.

Hidden and Additional Charges

Make sure to carefully study each paragraph in the papers and to comprehend the penalties clauses. Additional costs including GST, stamp duty, processing fees for house loans, registration fees, and any other taxes should also be considered.