The NCR belt in Delhi has witnessed huge strides in urbanisation. The development of satellite townships all ensures that the area is well connected to the capital. With numerous home buyers choosing to invest in a residential property in this area, developers are offering a diverse range of homes, from budget apartments to semi-luxury and luxury apartments and penthouses.
For most, buying real estate here could mean spending a lifetime of savings. So if you’re planning to do so, take your time, read the agreement, assess the builder, and only then agree to sign.
The following considerations will prove useful in your property-buying endeavours.
Are you buying the property to use it for yourself or is it an investment option? If you’re treating it as an investment, then you need to calculate the returns that it will fetch. If you’re planning to live there, first check out the infrastructure in the surrounding areas.
The Delhi NCR is a vast area and not all sectors command the same price. So before investing, it’s best that you check out the real estate trends that affect the capital appreciation and rental values of the area. For example, Eldeco Amantran is located on the upcoming Faridabad-Noida-Ghaziabad corridor, which boosts the value of the apartment.
Choose a property that does not burn a hole in your pocket while you try to pay back the EMI. Check to see whether the project is approved by banks and financial institutions. It’s a lot easier to get home loans on approved projects. Also, check out the various payment options offered by the builder. You might find a sweet deal that suits your current financial situation.
There are way too many projects to choose from. So you need to jot down your key requirements because that will help you narrow down your search. For example, if you want to live in an area with excellent infrastructure and connectivity to the expressway, you can filter your choice to a handful of properties. Or if you’re planning to live in the K-1 Zone, Dwarka, you can buy a home in Revanta Suryaa Homes.
With cases of project delays and cost escalations on the rise, it would be prudent to have a legal expert examine the title deed and sale deed, to safeguard yourself against any irregularities. That way, you’ll also be sure that all legal formalities related to the project have been agreed upon by the builder.
Once you’ve employed these pointers, choosing a property won’t be such a daunting task anymore.
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