In this age of “new normal’, when lifestyles are getting more and more automated, online websites are ruling the roost when it comes to the realm of real estate. The current trend indicates that more and more potential home buyers are reliant on these portals in the quest for their dream house. In fact, they are even opting for “virtual tours” online to “see” the property before making their choices.
So how do we shortlist the perfect home from the wide array of options that we have today?
Important factors to consider
The infrastructure in the locality, connectivity, the credentials of the builder or seller and the banking institutions involved in the projects are some of the major aspects any buyer needs to look into before purchasing any property.
Research on your location and pricing: Obviously, location comes foremost when it comes to choosing a home. The price of any property is directly proportional to its proximity to highways, markets, business districts and the overall area, including living conditions prevalent there. Of course, prices of apartments in the same complex can vary owing to factors associated with the ancient science of Vaastu Shastra, the direction which the flat is facing as well as premium floors.
Opt for reputed builders: It is also very important to check the credentials of the builder such as their track record, construction quality, payment terms and testimonials of other projects before arriving at a final decision.
When is the best stage to buy?
Your budget and size of the family should ascertain the size of the home you finally decide on. If you are looking for accommodation, ready-to-move-in homes should be your preference. If you are looking for a home for the purpose of investment, it is more prudent to opt for under-construction projects. It must also be borne in mind that for under-construction properties, the tax benefits only commence once they are completed whereas buying a ready-to-move-in house makes you eligible for such sops from day one.
Nifty documentation is critical
As a conscientious buyer, it is imperative for you to check for the following documentation before signing on the dotted line to ensure you do not go wrong anywhere when it comes to buying your dream home.
- The Deed of Conveyance
- Execution of proper Allotment Letter as per your payment schedule
- Ensure the project is endorsed by reputed financial bodies. This will help you procure your home loan.
- You should ask for the Completion Certificate from the builder once you are ready to move in.
- After completion of the entire payment schedule, ensure the Conveyance Deed is registered.
- In addition to the Deed of Conveyance, you should also procure copies of the Mutation Certificate (for completed projects), Land Registration Status, Sanction Plan, Search Report and Payment Schedule (for under-construction projects).
- Go through all documents pertaining to sanction from various official bodies dealing with building plans, fire safety and so on.
Arrjavv: Simplifying the process
Arrjavv needs no introduction vis-a-vis the realty space in Kolkata and eastern India. This reputed developer has created a niche for itself for building top-notch homes in and around the City of Joy. Their enviable projects are packed with world-class amenities with a vision to serve every need and pocket.
Being a conscientious builder, Arrjavv recognizes how tedious and harrowing the home buying process can be for the customers. In order to simplify the method, they have designed a very transparent process for investing in any of their attractive and state-of-the-art properties. Deeply rooted in honesty and sincerity, it is one of the few builders to take concrete steps to relive customers from the stress associated with home-buying. Always upholding the interests of the customers, the Group takes pride in guiding and hand-holding them right from the pre-purchase stage till all the formalities of the home-buying is complete.