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Important Things to Remember Before Buying a Flat


Important Things to Remember Before Buying a Flat

Investing in a new dreamy home or flat is a crucial decision in anyone's life and is possibly an idea you have nurtured since a very small age. Years of saving and planning cannot be let go at the right moment you make the final decision. Hence, you must consider all possible points before taking the decision. As purchasing a flat may also include taking a certain amount of loan, followed up by monthly equal installments flowing out of your monthly income, one need to be extra careful. However, some key factors to be considered while zeroing in on a new flat or house are location, possession date, and price, some more parameters must be considered while purchasing a new flat. Real estate investment is by far the best investment in the recent times, provided you choose the best property. A bad property investment decision can take a toll on your financial health as a considerable amount of money is involved in buying this asset. It is thus vital to stay cautious at every step of your property buying journey. They include:

Property Price:

The first factor in selecting a house or a flat is to fix a budget. It makes it easier to shortlist a flat if you know how much amount you are willing to spend on your home. Compare the property's price with those surrounding it from various developers to get an idea if the developer has offered you an apt quotation. There are several ways to compare properties in the area you are looking for.

Flat's Carpet Area:

A property's area, or the SBA listed, is the entire area, comprising of shafts, elevator space, stairs, the thickness of walls, among others. But the carpet area is the actual area within the flat's walls. This area can be 30 percent less than the built-up area or the area used to calculate the property price. When a builder's floor is shared between two owners, the cost of the common spaces is shared between the two owners.

Land Record:

The plot on which your home is built is very crucial. You must research the soil quality and geography of the land on which the house is built. The ground should also be clear of all dues and be legally registered. Before buying a home, the title deed must be verified and checked in detail. The act gives all points on the property rights, ownership, and duties towards the flat.

Flat Possession:

Due to delays in commercial and residential plans, it has become a popular trend of delayed possessions of flats. As a purchaser, you should have a precise estimate of the timeline. Usually, a builder asks for a six-month grace period; however, there should be a valid explanation.

Financing Banks:

You should know that banks are willing or unwilling to finance confident developers. Due to a bad reputation, some banks do not offer loans to some builders. So, you must check with the banks willing to fund the project you plan to invest in.

Location of the Flat:

Not to forget, it is essential to look around where you will eventually be living. The facilities, physical infrastructure, and reach to all the important places must be analyzed. These points will help you have a peaceful living in the house. The home should be safe and secure, offering some security to families dwelling in the flat.

Buying the property from a trusted builder:

There is no shortage of realty companies in India, and with several property deliveries coming out simultaneously, selecting the right real estate developer becomes difficult. However, choosing a flat from reputed real estate builders has several benefits. Besides, reputed real estate builders usually have a good track record of experience and consistent success. By analyzing their ground report, you will realize that most of their projects are registered under Real Estate Regulatory Authority (RERA). Moreover, most established developers are members of an industry association, like the Confederation of Real Estate Developers Association of India (CREDAI) or the Builder's Association of India (BAI.

Homeownership is the foundation of a man's growth in net worth. Your home will impact your standard of living, so choose wisely and start your research early to help you make the best decisions. You can check the Godrej Splendour project by the Godrej group in Whitefield, Bangalore. It is the home of your dreams.

Godrej Splendour

Godrej Splendour

Godrej Splendour in Whitefield, Bangalore, presents an unmatched dwelling with an outstanding style and a possible mind of tranquillity. The Godrej Group is running on a promised mission of imparting customers an exceptional lifestyle, security, and happiness. Though the property is in the pre-launch phase right now, this is the only project we should buy in these ranges with complete confidence.

Godrej Air Nxt

Godrej Air Nxt

Godrej Properties presents another magnificence, Godrej Air Nxt apartment complex, located again in the heart of the strategically planned East Bangalore location, Whitefield. These are spacious abodes with unrestricted views, loaded with superb amenities and facilities like organic farming, jogging tracks, etc., ensuring every dweller can enjoy an awe-inspiring living experience. High retail streets, top IT and global companies, renowned healthcare, education, and shopping malls are there in the neighbourhood. Innovative Oxygen Enriched Homes are available in 2.5 and 3 bedroom sets and penthouses that come with air purifiers in every unit. The prime focus of these residences is every resident's health and well-being.

Godrej Park Retreat

Godrej Park Retreat

Godrej Properties presents another opulence, Godrej Park Retreat hosted in another sought-after East Bangalore location, Sarjapur Road. The project offers more than you ever desired from your dwelling. Spoiled with options in sizes, layouts and configurations in 1, 2, and 3 bedroom categories, each resident can enjoy living in the spacious and envious abodes. There is a sprawling 28,000 sq. ft. Clubhouse with 50+ lifestyle amenities will pleasantly take care of your leisure, wellness, and convenience needs. There are great fun-filled activities loaded amid nature stretched across 1.64 hectares of greenery. Godrej Park Retreat will take you and your loved ones to another level and boost you holistically!

Godrej Ananda

Godrej Ananda

Godrej Properties' residential project, Godrej Ananda, is located in Bagalur, Bangalore North. A total of 20.33 acres of land are included in the development. A 10 per cent open area is included in the design. Housing has been made available in an amount of 806 units. Apartments and Studio Apartments with a perfect blend of contemporary architecture and the features available as part of the project, ensuring a cozy living environment. 1RK, 1BHK, 2BHK, and 3BHK are the different apartment configurations. The project has excellent connectivity and is positioned among existing and emerging neighbourhoods and facilities at the crossroads of BK Halli Road, adjacent to Bagalur Aerospace Park, Gummanahalli, and Bagalur. A fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children's play area, AV Room, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 security are just a few of the 25+ amenities available at the property. The Bagalur region is essentially a small township located a few kilometres outside of Bangalore. The road connects important Bangalore towns such as Malur, Hoskote, Whitefield, Bommasandra, Dasarahalli, and others. There are numerous industries in the area. There is a sound bus system in this area, and the railway station and airport are also close by. Property rates on Bagalur Road are significantly more affordable than in other parts of Bangalore, which is why so many people like to live here.

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