The first step towards buying a property starts from being able to identify the one that suits your needs and fits your budget. With best rates and best quality homes, Arihant Superstructures Ltd. offers you a perfect home.
Questions to be asked
Location Of Site
While choosing the location, you need to keep the following parameters in mind like proximity to the main roads, bus stops, railway lines, transportation services, civic amenities like educational institutions, park, police station, temples, community hall, hospitals, and auditorium within reach.
Does the location fit your budget?
Place of work
How far is the office from the desired location?
Where is the nearest market?
Where is the nearest school?
Are buses/trains easily available from the location?
Does the builder have a good reputation in the market?
Availability of water and electricity
Is there a steady supply of both?
Commercial areas face traffic jams during working hours and level of noise is rather high
Are they available easily?
Is the monthly outgo on the society and maintenance a strain on your budget?
Are the security systems in place, like a professional guard or electronic systems?
If you own a vehicle, you will need space to park it
Type of ownership
In some areas, property is available only on a power of attorney or "pugree" basis. Getting funding for such properties is a problem.
Self constructed property (SCP)
SCP is a situation where you buy a plot of land and construct a house there. All banks may not fund such projects.
Under construction property at an early stage
Many banks may not prefer to fund such projects. But if the builder is well reputed then it should not be a problem.
Questions to be asked
Chain of title
It is important to have all the proper registered documents from the proposed seller that declares his ownership. These documents are important for you to garner a loan from the bank.
Check the internal as well as the external condition of the building
A flat with water leakages should be strict no as it adversely impacts the overall condition of the building.
Condition of the flat
Is the paint peeling off or concrete crumbling?
Grumpy neighbours can make life very unpleasant.
If they are too high then you need to factor that in your budget.