Buying your dream Property in Chennai? Things you must know and expect

by Nishant M. Owner There is a great demand for properties in and around Chennai. If you are also one among the many who are close to signing the dotted line for buying a home you have always dreamt of, then you must read this post to know some helpful points to look at while purchasing a house in Chennai.

Chennai, the capital of Tamil Nadu, has turned into a hot real estate destination not just in India but around the world too. No wonder, the demand has seen a huge rise in the last decade. This has also motivated prominent builders in the country to flock to this city to garner a significant share in the growing real estate market. As for buyers, this has only added to the confusion as the options are just too many. If you too are smitten by the city and looking to buy a dream house, here are few things that you should pay special attention to.

1. Legally sound paperwork

This is the first and presumably the most important thing which you must always look into while purchasing property in Chennai. Before you do any documentation, always check if the builder or the developer is a known, trustworthy and reliable one. Whether it is signing the agreement for sale or executing the sale deed, check all the clauses minutely. If you are unable to comprehend the legal language, then it will be a good idea to get the documents vetted from a legal expert.

2. Area

When looking out for suitable properties, also check the area of the apartment which the builder is offering you and make sure that you are clear on the total area, built up area, carpet area, etc. to avoid any confusion. After all, things like property don’t happen every day in our lives, right? Hence, it is always better to get all your facts cleared at the earliest as that will also help in narrowing down choices.

3. Safety considerations

Although these days every builder offers complete CCTV surveillance in the society, nevertheless, you must still inquire, ask or seek confirmation from your builder whether he will also be providing the same in your scheme as well. With so many wrong incidents taking place on a daily basis, you should leave no stone unturned when it comes to the safety of yourself as well as your family members. So ensure that all the places within the society premises are included in the entire CCTV surveillance.

4. Whether paid or built in designated parking space?

Earlier parking space came in automatically when you bought property in Chennai. However, owing to the lack of available space coupled with the growing population, these days builders often take money for offering you designated parking space in the parking lot of the building. Or he may offer you one parking slot within the cost of the apartment but in case if you need more, then he will charge you for the same. Get the quote or the price estimate of how much he intends to charge because that can also be quite considerable.

5. Club and other amenities

These days builders and developers are engaged in such a fiercely tough battle to get customers that they are willing to offer their clients with the best as well as the finest facilities and amenities. Make sure that you also find out the kind of amenities your builder is offering you. After all, you must get value for money which you are paying right? By and large, developers offer you facilities like club house, swimming pool, kid’s play area, etc.

These are some of the most important points which every home buyer must always bear in mind; after all, prevention is always better than cure, right???

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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