Purchasing an apartment or flat happens to be a crucial decision, and sometimes involves the maximum expense you ever make in your life. Of course, you need to be vigilant about certain aspects, that are likely to determine the worth of your investment. In this post, you will get to know about certain aspects, that you should consider while purchasing an apartment in India.
- Registration with RERA
In the first place, you need to be on the safe side as a homeowner. Make sure that the property you are willing to purchase is registered with the RERA. This registration ensures that the regulatory body would look after the legalities, in case the developer fails to adhere to their promise regarding price, specifications, and delivery of the project. In case the property isn’t registered, you won’t be able to approach the body if something goes wrong later.
- Property Configuration
Lately, developers are coming up with apartments in different configurations and formats. You might choose from a 1, 2, 3, or 4 BHK apartment, or go for any other configuration. Moreover, villas, bungalows, and penthouses are also available for buyers. Accordingly, you need to shell out the price. Consulting a reputed broker, you will be able to narrow down your options. Also, consider the property’s carpet area when you make the purchase.
- Location of the property
You would love to reside in a complex located close to the business zones in the city. Regardless of whether you are buying an apartment in a metro city or somewhere else, explore the connectivity and transportation system around your home. Prioritize the ease of communication to other places of interest as well, ranging from hospitals to schools. Reputed developers come up with their projects around areas from where the residents can easily get across to the markets, banks, restaurants, etc.
- Range of amenities
It goes without saying that residents would explore the range of facilities, features, and amenities at the complexes they move to. Most of the reputed developers come up with elegant features and security facilities as well. Considering the age groups of your family members, you need to scrutinize these amenities. For instance, you would expect the project to have a play area for your kids. Reputed builders understand that millennials and corporate employees prefer living amidst greenery. Accordingly, they integrate green zones and open areas in the estates.
- Other features
You would love to reside in an estate that comes with allied features like a creche, car parking system, lift, ATM, etc. All these facilities ease up the lifestyle significantly. It would be wise to scan through the official websites of the developers to get a piece of complete knowledge of the features available in the project.
Apart from these aspects, take care of the legalities and documentation regarding possession. There should be no hidden expenses when you purchase these properties.