The Only Home Buying Guide you will ever need!
The performance of the Real Estate sector hasn’t really taken out the sheen that we Indians attach to property purchase.
With so much of inventory already available and more being added each month, finding the right property that you can call “your home” could be a quite tiring exercise. With the experience our team has working as consultants and as developers for many years, we have put together a detailed guide focusing various parameters that you need to check and validate before you take the final call. This guide not only focuses on legal documentation required but goes much more beyond to other key decision taking parameters such as construction progress, accessibility and future growth opportunities etc., than can help you make an informed decision.
We have bifurcated the guide into two section for ease of usage; 1) Desktop Study – focusing on information that can be gathered from the internet and 2) Site Visit Checklist – consolidating all key parameters that needs to be looked into before you make the final decision.
A. Property RERA Registration: This is the single most power tool the home buyers have today and should be the very first step to your home purchase journey. Few things to check on your local RERA portal:
Ø Check site plan uploaded on site (and cross-check at site when you visit)
B. Availability of original title documents (more so important in case of individual plots/house or small-scale developers
Ø Nature of the title
We would advise you to hire a legal expert who can help you with a quick title search with concerned agencies.
C. Status and validity of all approvals (Note: most approvals come with a validity period and it is the developer’s responsibility to keep them updated)
E. Location Search with respect to growth prospects.
2) Site Visit Checklist
Happy Home Hunting!
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Swetha is an Architect and Co-founder of a new age technology platform for Interiors – squareO.in.
Prior to starting squareO.in, she was a professional designer with over 10+ years designing residential, commercial and institutional buildings.