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These 7 tips will save you from landing a real estate puddle!

by Jesica Sen Jesica sen

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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About Jesica Sen Junior   Jesica sen

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Joined APSense since, June 24th, 2019, From Mumbai, India.

Created on Aug 23rd 2019 14:32. Viewed 454 times.

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