India is one of the most highly populated countries in the world. With such high population density, there is barely enough space for anyone. Naturally, the availability, price and the overall value of property keeps escalating with seemingly no bounds anywhere soon.
Everyone wants to buy sell property in India to invest and make profits, but a lot of complications can arise while or after buying a property. This article highlights the most critical factors to look out for before purchasing any property.
Estimate the Final Cost:
All properties have a bare cost, but a lot of hidden charges are never revealed or specified during the initial discussions. Hidden charges may include registration charges, stamp duty, and parking charges. Customers should find out about them before short listing any property and make an informed decision.
Find out the Actual Size:
While specifying the area of the apartment, builders usually include the areas of the lobby, staircases, walls, etc. To get the exact picture of the living situation, customers should find out the carpet area of the apartment, which is the actual livable area.
Verify the Legal Documents:
Verifying the legal documents related to the property is essential. Small discrepancies in the legalities can cause huge problems, in the long run, causing conflicts and the customer to lose a lot of money to rectify the issues.
Customers should check the Title Deed to know whether the builder has the full right to the property. If the property being considered has been used as a mortgage, it is suggested to request a Release Certificate from the owner.
Customers should also verify the land use zone as per the city master plan for the plot and make sure all the essential local bodies have approved the layout.
Check Out the Location:
The exteriors matter as much as the interiors. Checking out the location for necessities, connectivity to the city, and plans coming up nearby that may increase the value of the property is an excellent idea.
Any customer who wants to buy sell property in India should know about the above tips to make his/her experience worthwhile regardless of their future plans with the property. website is an excellent website in dealing with property in India as it allows sellers to display and buyers to know the specific details of the property like flat amenities, society amenities, and even construction status without any additional charges or restrictions.
Like us on Facebook.