Myths on Apartment Purchase in India

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Myths on Apartment Purchase in India
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Myths on Apartment Purchase

• Buying your first home is an exotic thing as well
  you need to be very cautious about the choices.
• When searching for the best apartment building
  you may come across hundreds options in both the
  online and offline.
• Some of the investors get scary of the myths on
  apartment purchase in India.

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Myths on Apartment Purchase

• It may be true in some cases but not true all the
  times.
• Before start believing the things you should
  analyze the truth behind that scenario.

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RERA covers all the project

• RERA is an act passed by Indian parliament to
  protect the rights of the investor and also boost
  the investment.
• Many of us think that RERA is applicable for all
  projects. It is not true.
• RERA rule is applicable for the property which
  has the space more than 500 square Meter.
• It is the responsibility of the builder to
  register their project in RERA.

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RERA covers all the project

• It is a mandatory certification for both the
  commercial and residential property where the
  land is more than 500 square meters.
• You can take a smart decision by choosing the
  best apartments for sale in Chennai.

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Down payment is enough

• Having a down payment in saving is not enough to
  purchase a property.
• When you apply for the home loan the bank or the
  financial sources offer you certain percentage of
  the property cost.
• As an investor you have to manage other costs
  like registration cost, stamp duty, brokerage
  fees and GST.

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Down payment is enough

• Apart from down payment you have to be prepared
  for these costs as well.
• To pay these amounts you have more money than of
  the down payment.
• Pick your dream home to live a happy life from
  flats for sale in Chennai.

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You should purchase from the previous owner

• This is not true. There are number of trusted
  builders in Chennai give quality projects at your
  budget.

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You should purchase from the previous owner

• It is more expensive if you buy a home from the
  previous owner rather than a builder.
• The builder can deliver your home without delay.
  It seems a good idea to buy an apartment from the
  builders.
• We hope that the information shared in this post
  found to be useful to make a right choice.

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