These 7 tips will save you from landing a real estate puddle!
Noida and its nearby areas are seeing
a fast moving growth in recent years. New Okhla Industrial Development Authority (Noida) is one of the best
places to invest in for various kinds of accommodation. Property in Noida is affordable for the working class. However,
there are certain factors that one needs to keep in mind prior to purchasing
real estate in Noida.
RERA Approval
The
Real Estate Regulation Act (RERA) ensures noy just timely delivery but also
protection for the housing projects registered and approved by them. Whether it
is property in greater Noida or some other locality in and
around Noida, RERA Approval is a must in recent times.
Carpet Area
Don’t
get fooled by the super area of the ready
to move flats in noida. Super area usually includes
lobby, elevators, staircases and corridors. Usually these are 20-25 percent of
the super area that has actually been communicated by the builder. Knowing the
carpet area and not just the super area is crucial.
Other approvals
New projects in Noida and other places need to have all the
construction and government approvals in place. Also, another element to check
is whether Bank Loans are approved and what are the fees related to it.
Builder/Construction
Approval
Real
estate companies in noida are flourishing because of
the demand of the place. However, it is significant to see to it that
Builder/Construction approval is present. O.C or Occupancy certificate should
be clear. This is very crucial when you have to sell the property later.
Accessibility
Whether you plan to purchase penthouse in Noida, or a 1 BHK
apartment do not forget why you are planning to purchase it in the first place.
Keep in mind the proximity of the property from school, hospitals and clinics.
Basic necessities and amenities are important even if you plan to invest in a villa in Noida. Accessibility from the
workplace also matters, so do not forget to keep that in perspective as well.
Amenities
Whether it is about villas in Noida extension, or any apartment amenities such as a spacious
parking area, garden, lift, clean and hygienic surroundings is a must.
EMI of the home loan
Last but not the least, the type of property whether it is commercial property in Noida or a
private property, it is very important to check whether you’ll be able to pay
the Easy monthly installments of the home loan.
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