List of precautions should be taken before a purchasing residential apartment

by Celebration Residency Celebration Residency

We all are well-versed of a proverb called “precaution is better than cure”, which fits best while buying a property. There are several points that you need to consider while buying a residential property, as we all know buying a property often involves frauds. You may not get what you pay if you’d not take several precautions before buying property.

If you are buying your property from your hard earned money, then you need to have keen eyes. Although the below mentioned is the list of precautions that need to be taken before purchasing a residential property. We’ve shared the points briefly so that you can buy the best Society Flats in Ghaziabad for your family.

1.      Verify the property

You need to investigate if the owner of the property have proper ownership like his property should not be under any loan. Study the documents of the property very carefully otherwise, you’d have to face a lot of problems later. Take the complete inspection of the original title deeds. If you have any doubt regarding the ownership of the property, then you can issue a public notice in the newspaper calling for the claim in respect of the property you’re liking to buy.

2.      Price of the flats

Everyone has his own budget of buying a property. Never get trapped in the net of fraud property dealers. Every property commands a certain price with respect to its locality, accessibility and amenities. Once the developer quote you the price of the property make sure to compare it with the neighbour residencies. Always look after five to six properties before buying, as it would be easier for you to compare the prices.

3.      Location and the upcoming projects

It is essential to analyse the location of the residential property. While checking the location of the property, you should look after the surrounding social, upcoming infrastructure, amenities, accessibility to the public transport, hospitals, schools, colleges, etc. A region with an easy accessibility and ready amenities would help you settle down very easily in your new home.

4.      Possession of your flat

These days, a lot of residential apartments are facing delays and property buyers face the problems later. There are a lot of factors that may cause delays like the availability of the funds, delivery of the raw material, sales of the project, etc. Take a six month grace period for the final delivery of the property you are going to buy. In the contract period, you should check when you will get the possession of the property.

The other aspect you need to peruse is the relevant documents, transfer allotment to the nominee, etc. You must register the property with the relevant documents to avoid frauds. If you searching for one of the best Residential Projects in Ghaziabad, then choose Shri Laxmi Celebration Residency. Here you will get government approved flats with all the essential amenities at the most affordable prices. You can buy 2, 3 and 4 BHK flats for your family and live a life full of luxury and amenities.

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Created on Nov 21st 2018 04:07. Viewed 683 times.


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