5 Things to Consider While Buying Apartments in Budget

1
One10
5 Things to Consider While Buying Apartments in
Budget
2
Legal Documents

• Prospective buyers should check and verify the
  details of the legal documents before the
  finalisation of the deal.
• The documents carry vital information of the
  transfer of property from the builder to the
  buyer.
• Completion certificate (CC) of the property
  referring to the completion of construction of
  the property.
• Buyer should ask for the building plan, mutation
  certificate as well as an encumbrance certificate.

3
Scout The Location

• Buying an apartment on a budget does not mean you
  have to compromise with the location of the
  property.
• Builders may offer properties at unfavourable
  locations in the name of offering budget
  apartments.
• Affordable apartments at strategic locations,
  giving buyers an opportunity to enjoy the
  standard living lifestyle.
• Make sure to consider the value of the location
  by assessing the nearby social and civic
  infrastructure.

4
Record of the Land

• Verify the land record of the property you are
  planning to buy.
• The record should have the geological information
  and data about the plot of land.
• Understanding the land record will help you know
  if your apartment has been built on land that is
  fit for construction.
• Having the hold of records can also help you
  understand the tax calculations of the property.

5
Reputation of Builder

• Reputation of a builder becomes an extremely
  important factor to consider before making a
  purchase decision.
• Must look into developers reputation
  reliability when purchasing a flat in New Town,
  Kolkata.
• The buyer should undertake due diligence on the
  developer to determine its market credibility and
  financial ability to complete the project on
  time.

6
Look for Additional Charges

• Apartments can seem affordable at first glance,
  sometimes you do not get hold of the actual price
  quote until later.
• Ask for any hidden charges that may get added
  while signing the deal.
• Additional charges such as stamp duty,
  registration charges, maintenance and parking
  fees often increase the initial quoted price.
• Often, flats within a budget may not come with
  furnished interior decor.
• Ask your builder for any additional charges that
  may come up during the transfer of the property.

7
Thank You