6 Things to consider while buying property in India

Buying a home is certainly a lifetime investment for many. Thus, it is important to consider few things while you are making a property investment. Following are some of the major factors that you should consider before taking a decision on buying a property.

 

Ensure that you choose a right location

It’s better to do some research of the particular locality where you are going to buy a property. You can check whether the area has good connectivity to prime locations of the city. Also, consider the future developments of the locality in terms of social infrastructure, connectivity etc. If your locality witnesses any of these developments in future, then eventually the capital value of your property will also increase.

 

Check the Builder’s reputation

Before buying an apartment or individual, the home buyer should look into the reputation of the builder. Try to read reviews of the home buyers who have already bought homes from the builder’s previous projects. Apart from it, check the quality of construction, the rate of capital appreciation and future projects of the builder. Importantly, check whether the builder delivers the home on time to the home buyers.

 

Checking on approved banks

Talk to the banks those have approved the projects. A general verification with few public sector bank would help you to avoid some risks before booking.

 

Rental demand of the locality

If you are planning to buy a home for the purpose of earning via rental returns, then localities that have a high demand for housing are considered to be the best choice. Also, you can also consider investing in localities that have an advantage of close proximity to employment hubs, as the demand for homes will be high among the working professionals. For instance, Electronic City in Bangalore witnesses a good demand for rental homes, as it is one of the major IT hubs of the city.

 

Site Visits

When your property is under construction, it’s better to make regular site visits to check the status of your construction and quality of materials. By doing this, you also make minor structural changes in terms of layout of the kitchen, plumbing fixtures etc.

 

Nearby Amenities

While you are searching for a property to buy, always ensure that you have good accessibility to basic amenities such as schools, hospitals, banks, shopping malls, restaurants, recreational centers, and parks.

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3 thoughts on “6 Things to consider while buying property in India

  • January 27, 2017 at 5:24 pm
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    Buying a dream home is everyone’s desire, which involves a lot of patience and hard earned money. Certainly, nearby amenities and attractions, safe and congenial neighborhood, convenient location and builder’s reputation are some of the essential parameters a person checks before buying a home. If you are looking a buy property in Lucknow, then Azeagaia, which is the top real estate development company in Lucknow, will be the perfect alternative. Azeagaia, which is promoted by Singapore-based companies through FDI, is developing 3 & 4BHK luxury apartments in Lucknow for sale, encompassing a strategic location, clean green environment, modern amenities, hi-tech security features, and more.

    Reply
  • January 31, 2017 at 2:20 pm
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    Buying own home is everyone’s dream now this 6 things are very much important while buying flat.

    Reply
  • February 9, 2017 at 12:51 pm
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    Good information you have shared and I think that Jaipur is the most growing city if we are talking about real estate market in India because Delhi NCR is one of the main positive thing for Jaipur which is very near to Pink City.

    Reply

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