Buying a home is the dream of every Indian having more disposable income to invest in a home. The demand for a new home in big cities like Kolkata is surging. The demand for apartments is even more than that of freehold houses considering the budget and amenities. But before making a buying decision, the buyers should follow some basic tips and here they are.
1. Access the requirements beforehand
It is not just having a shelter, an apartment is more of a milestone of achievement in life. It is one of the most important decisions that solely depend on your need and budget. The key purpose for having a flat in Kolkata is to crack a lucrative deal. If you want to buy the property for end-use, you should be more careful about choosing a good community, a location with good communication facilities and amenities. But if it is surely for investment purpose, value of the location is utterly important to ensure better re-sell deal in future.
2. Look for an affordable property
As it comes to the budget, you should consider factors like property type, location and facilities. Home loan is the best option while buying a property. But you should be careful about your affordability. Taking out a home loan that requires you to pay an EMI beyond your capacity is not going to help. The scalability feature should also be considered. With the increase in the number of family members in your family in future, you will need more space to accommodate them with comfort. Be it flats or 4 bhk houses in Joka, Kolkata, this must be taken care of.
3. Documents should be well checked
From approved plan to sale deed of the property, each and every document should be check to avoid any sort of fraudulence. Completion and Occupancy Certificates should also be in place. Sale Deed is the proof of ownership transfer while Completion Certificate is the authentic confirmation from respective Corporation/Municipal authorities that the building is in complete compliance with all specified rules and regulations.
4. Understand the factors behind delayed possession, if any
Delaying in handing over the possession is commonplace, nowadays. Cushioning of up to 120 days from the pre-decided timeline is acceptable. Any delay beyond that may require you to face legal complications. If you don’t want to go for such complications, make sure you check the reputation of the builder well in advance. If the builder has a good reputation and a history of handing over properties to other buyers in the city in time, you can expect them to do the same with you as well.
5. Know the meaning of common area
This is a tricky term. Whether you buy 4 bhk houses in Joka, Kolkata or an apartment in South Kolkata, this remains the same. Some builders include the common area to carpet area for pricing while others believe in differential pricing. So it would be better to make the things clear beforehand. You may engage a professional to check these things. If you need to pay additionally for the common area, it must be mentioned in the purchase papers.
These are a few things you should follow judiciously to ensure a happy buying. You can also read why you should buy 4 BHK houses in Joka.
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