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How To Find The Right Apartment In Dehradun?
Buying a property is a dream for
everyone; it is the ultimate nesting place where one feels secure and
contented. Dehradun is fast becoming a first preference to buy a property in
for a lot of people given its scenic location, presence of some premier
institutions like Indian Military Academy, Rashtriya Indian Military College
and Indira Gandhi National Forest Academy, and of course due to scarcity of
residential space in the leading metropolitan cities of the country.
However, there are several
factors that go into helping you make the right decision.
1)
The first check – Even before you start
visiting the myriad number of properties listed in the Yellow Pages or online
directories, it is best advised to do a little background check on the
property. Real Estate is a flourishing business, which makes it easily prone to
fraud. The best way to check for the authenticity of a project is to visit or
contact a financial institution to check whether they approve of it or not.
2)
Budget – Needless to say, one must always
ensure that the property
is well within the budget. Even if you were to take a loan from the bank
for acquiring it, always assess whether the EMI after the loan is approved, can
be borne by you. You could consider applying to various banks to get
competitive rates instead of sticking to the one you hold an account in.
3)
Location matters – The location of the
project directly influences its appreciation rate. Hence unless you haven’t
inherited a plot from someone, ensure that you assess this aspect carefully. Look
around for the existing infrastructure and amenities. If the area is yet to be
developed, research those that are planned like Metro connectivity, schools,
and commercial complexes. It is also a good point to consider to evaluate your
commute time to work from the property.
4)
Documentation and details – Once you have
narrowed down your search to the dream project, check with the builder about
documents like Commencement Certificate, Intimation of Disapproval, drawings
and development agreement. Meanwhile, also check with them about the intended
completion date and the builder’s financial liability in case of delay in
completion. This point is usually covered in the Development Agreement.
It
should also be of interest for you to know certain details such as carpet area,
super built up and built up area. These will determine the actual size of the apartment and you won’t be disheartened
or shocked in case the apartment is smaller than expected.
5)
Hidden costs - Many a times, buyers have
been taken by surprise by the final cost incurred when buying an apartment. You
need to factor in costs like parking space, utilities, taxes, registration
fees, and other taxes as these can considerably increase the final amount to be
paid.
6)
Constructed properties – If you are going in
for a constructed property, ensure that the property seller has the legal
rights and the required documentation. Check whether the property taxes have
been already paid and that the property adheres to the municipal standards to
avid inconvenience later.
Buying a property is a dream for all, but it can also be daunting
task. Do your research carefully to ensure that the dream comes true with ease.Contact Us:
GTM Builders & Promoters Pvt Ltd.
D-21, Office No. 217, 2nd Floor, Corporate Park, DMRC Building, Sector - 21, Dwarka, New Delhi - 110077