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Considerations before buying an apartment for Investment Purpose
by Atul Goel Pune Atul Goel Pune - Goel Ganga GroupAcquiring a residence is perhaps one of the most substantial decisions that one makes in their life. People capitalize their hard-earned money and life savings into bartering an estate and hence they must take supreme precaution afore time buying it so that they do not repent later in life hence it becomes even more critical to make a conscious decision.
Before taking the plunge, it is fundamental to lay down a pragmatic and practicable plan. Make sure to comprehend how the real estate market works and conduct extensive research to find clues on what to buy, where to buy from and how to buy by Atul goel pune.
The contemporary trend of real estate investments has majorly changed course from houses to flats. People find it suitable to acquire a flat as unlike other properties it doesn’t burn a hole in the pocket and is more convenient.
Thus, we have assembled this list of aspects to contemplate before acquiring a house in India, in order to make a mindful decision. Following a modest approach, in this article, we will analyze solely the forethought that is restricted to buying a house (an apartment or a flat) with the intent to resell. The following are the factors:
• The Developer Brand - The prestige of the builder or the developer who is going to build and assemble the property is the most crucial. This thing is more significant if you are planning to purchase an under-construction property so as to be sure that the developer will pass you on promising quality property in the stipulated time. You need to look at the former furnished projects of the builder and his track report whether he has been able to deliver those within the relevant time period with ultimate quality as promised. Goel Ganga Group Owner, Atul Goel is one such prestigious developer in Pune. Atul Goel Ganga Pune has delivered numerous quality competent projects and has many more yet to hand over.
• Decrepitude of the property – If in case you are the second or later buyer of the property then an outmoded property should not be acquired. Properties older in age compel frequent renovation, redevelopment, refurbishing, remodelling, repairs and maintenance which inflates the cost. The age of a residential unit generally ranges from 60 to 70 years. In light of this, one must buy a property that is somewhere between one to five years old and no older than ten years if one wants to get a reasonably fair investment deal and even look to resell it in future.
• Dispersion of populated vs desolate spaces - While considering any project, one must scan as to how many open and devoid domains are there within the project. If there are too many buildings or too tall buildings and there are limited open spaces, it induces overcrowding in the amenities or parking lanes and even traffic issues. Thus, it is integral to ensure that there are ample vacant expanses to uphold the multitude of occupants that will be ultimately using the premises.
• RERA Registration - RERA is an acronym for “Real Estate Regulatory Authority” Each state has a supreme authority which regulates real estate ventures. One must ensure that a specific project is enrolled with RERA. Also, if a project is RERA registered, it doesn’t indicate that there are no further issues with it. It is barely the confirmation that the developer has reported the project to the authority and if there are any issues encountered by the buyers, they can approach RERA.
• Layout Efficiency - The efficiency of the layout suggests that one must have access to the maximum functional territory for the price that you expend for a specific property. For the representative purpose, let us consider two flats ‘A' & 'B’. Flat A has an area of 900 sqft but the room sizes are immense while flat B has an area of 1250 sqft but the room sizes are too small and a lot of regions is squandered in the passages and lobbies within the apartment. Although it seems attractive and striking you end up spending more for a flat that has a comparatively lower usable area.
• Quality Of Construction – There are a few quality control standards that are vital to consider like, the structural formats, efficacy and safety, room sizes listed in the layout, the wall’s density by the agreement’s arrangement (knocking on it might disclose its hollowness & concrete assortment), Look for evenness, after getting dried in the paint, the toilets, and other sanitary fixtures, along with the water flow in the bathroom fixtures. Also, check for the Window and door alignment and locations of supply lines of various utilities.
•Locality and Infrastructure Development - The vicinity considerably influences the property’s across-the-board Return on Investment and price upswing. Check the area’s infrastructure advancement level before acquiring the home. The standard of living in the area is discerned by a variety of components, encompassing transportation, connectivity, parking, power backup, freeways, water supply, amenities like a clubhouse, a children's area, and government services.
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About Atul Goel Pune 
Atul Goel Pune - Goel Ganga Group
1 connections, 0 recommendations, 24 honor points.Joined APSense since, December 2nd, 2021, From Pune, India.
Created on Mar 1st 2023 05:30. Viewed 117 times.
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