Buy Homes beyond any Financial Constraint in Dwarka L Zone of New Delhi

It is rightly said that one can have a means of living in the metropolitan cities of India, but to find a suitable shelter is quite tough. Budget or financial constraints, the neighbourhood, security, ambience, facilities for parking vehicles, civic amenities, access to markets, schools, public transport etc. are the decisive factors when one opts for a residence of choice, be it on lease or ownership.

In this context, a mention may be made about certain persons who are pennywise pound foolish. Take the case of this journalist, a bachelor and resident of New Delhi since 1989. For eleven years at a stretch he resided with a family friend in the posh colony of Vasant Vihar before he thought of being on his own and shifted to the neighbouring Ber Sarai in 2000.

 

It was a compact self contained independent unit of a single bedroom with a kitchen and a spacious passage on a monthly rental of Rs.5000 that was enhanced every year. Later in 2008, when the adjoining room that also had a connecting door became vacant, he took up that place and thus the monthly rent was hiked to Rs.12,000 before he quit the place in late 2014 since he was out of job and no more he could afford such an amount.

 

Thus, he shelled out during this period a whopping sum of Rs.14,40,000 for his shelter whereas had he been sane enough, with probable housing loan from bank and other sources, he could have owned a residential house in Dwarka L Zone, the expansive modern suburb of south west Delhi.

 

No wonder, now in his late 60s, he is cursing himself for his follies in not giving a serious thought on possessing own property despite being a Delhiite for over 25 years and good amount of earnings in the past. And today, although he has managed to land in a job, he has to travel for over two hours to his work place by mixed modes of buses and metro from an isolated corner in north Delhi because of his earlier spendthrift nature.

 

Let alone the above true story, with an essence of savings as habit, there is a possibility for one to buy 2 BHK flat in Colors Krisha Heights in Dwarka. However, after ascertaining the prevailing rates etc. such aspirant house hunters must bear in mind the following aspects while buying the property, particularly if it is a project of a private real estate developer:

 

• The land on which the property is being constructed is not under any legal dispute and the title deed is clean, free from encumbrances
• Ensure the builder has taken all the necessary approvals from authorities like the DDA and MCD to undertake the construction of apartments
• Previous track record of the builder’s punctuality in the completion of projects and handing over the possession
• Hidden charges, if any and also about the specifications of total area – carpet and built-up

 

At the end of it all, get in touch with buyers of other flats in the project to ascertain modalities of regular maintenance in the future including formation of a co-operative society as per prevailing rules and regulations.