Before purchasing any property, you should verify from the Registrar of Companies that the property is neither mortgaged nor collateral security against any loan etc.
Before purchasing a property, you should look at the sanctioned layout plan, building plan, ownership documents etc. As all these processes are very hectic and requires a lot of legal probing, it is advisable to contact an advocate for further advice.
You should check the approved plan of the building along with the number of floors.
Be sure that the floor you are purchasing is approved.
You should check that either the builder owns the land on which he is constructing or he has undertaken an agreement with a landlord.
You should check if the builder is constructing without any violation of front setbacks, side setbacks, height etc.
You should check that specifications given in the agreement to sell of the sale brochure is entirely followed by the builder or not.
Check the reputation of the builder in the market.
Ensure that urban land ceiling NOC, NOC from water and electricity authorities, NOC from lift authorities has been obtained or not.
Research: Select what features you most require in a home, what localities you desire, and how much you are willing to shell out each month for housing.
Review your finances: Review your credit position and ensure you have enough funds to cover your down payment and completion costs. Then, consult a bank and get prequalified for a loan or looking at your loan eligibility and repayment scheme that is offered by the bank.
Decide when to move: When is your rent up? Are you allowed to lease? All of these factors will help you determine when you should move.
Long term approach: Are you considering an initial ‘nest’ flat/home with plans to shift in a few years, or do you plan to stay in this home for a longer period? This decision may decidethe kind of home you buy as well as the type of loan terms that will best suit you.
Insist on a property/flat inspection.
Getassistance from our Salesperson.
Tax Saving: Property tax benefit and other incentives
Appreciations: Real estate has long-term, exponential growth in value.
Equity: Money paid for rent is money that you will never see again, but loan payments let you build equity ownership interest in your home.
Savings: Building equity in your home is a convenient savings plan.
Unlike rent, your fixed-loan payments don’t increase over the time so your housing costs may actually decrease as you own the home longer.
Get prequalified for a loan: You will be able to make a firm commitment to buy the property.
Stay in close communication with our salesperson to discover about the newest listings. Be ready to see a property as soon as it goes on the market – if it’s a great home, you are likely to lose it fast.
Be ready to make a decision: Spend a lot of time beforehand deciding what you must have in a home so you won’t be unsure when you have the time is right.
Keep possibilities to a minimum: Restrictions such as needing to sell your flat/home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a rigid market, you will possibly be able to sell your house rapidly. Or talk to your bank about getting a bridge loan to cover both loans for a brief period.
Maintenance of bank accounts in India
Investments in securities/shares of, and deposits with, Indian firms/companies
Investments in immovable properties in India