When is the best stage to buy?

If you have the required finances, ready-to-move-in is the ideal option for an enduser. This property would be significantly more expensive than at the launch stage but the buyer is protected against time and cost over-runs and also the EMI payment during the period when the house is under construction. For an investor who wants… Continue reading When is the best stage to buy?

Factors you should keep in mind before getting a home loan.

The main criteria are: Your income and your track record of repaying previous loans – this is obtained from the Credit Bureau. Your current expenses including other loans you are servicing. The amount of loan related to the property value. Ownership of the property – this means that the lending bank should be comfortable that… Continue reading Factors you should keep in mind before getting a home loan.

How do you know that a project has legal approvals from authorities?

The best way is to check if the banks are funding the project. Generally, banks approve projects and start disbursement only after all the approvals are in place. Ensure that the documents of Title of the property you intend to purchase are clear. A defective Title will create problems. Ensure that the building has been… Continue reading How do you know that a project has legal approvals from authorities?

Things you should check at the time of signing the agreement?

Here are the important things to check before you sign the agreement with the developer: Specific apartment allotted, tower number and size Details of area including super area, covered area and carpet area Costing Date of possession, penalty in case of delay Exit option Specifications committed Payment plan Details of Land on which project is… Continue reading Things you should check at the time of signing the agreement?

How to choose the right property?

One should buy property in an area which has adequate basic amenities such as power, water, sewerage, etc. It is important to do your checks and balances while deciding on a project. Infrastructure in the area, connectivity, builder’s goodwill and price of the property are key components a buyer needs to take into consideration. A… Continue reading How to choose the right property?