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May
21

Checklist Before Buying a New Flat in Pune

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Property purchase is life time buying decision for every home buyers. So you need to be careful while buying a new flat to avoid getting involved in legal troubles.There are certain facts to look into before you go into the deal. Following is the check-list for the same.

Buying Criteria:-

At the first stage of property purchase, you need to build your criteria on your requirement. In this stage, You have to decide what type of flat you want to purchase. According to the type of flat you can build buying criteria as on-

Accommodation
Preferred Location
Price Range
Area in terms of sq.ft.
Builders reputation
Other requirements: like distances from Office/School/Markets/Bus/Rly station/Airport,etc.

Search for the Property Options:-

After building a criteria, Search for the best option within your budget which will fulfil your requirements. In this stage, you have to look up for many factors like, reputation of builder, location of the properties, features, future development in the area, surrounding within area etc. After considering these factors, stick on the one property option according to your requirement.
You can have a good localities in Pune to purchase a flat. Wakad, Hinjewadi in Pune west and Kharadi, Wagholi, Undri in Pune East are the most preferred locations for the home buyers.

Legal Know-Hows:-

When your are going to book a flat, you should whether the plot of the project on which the building stands is non-agricultural (N/A) and has a clear title, Whether the building is in the name of the builder, whether all the documents should be cleared from the builder’s side or not etc. This will beneficial for the home buyers to avoid the future legal trouble and difficulties.

Requirements of the Documents:-

Before going further into a property transaction process, you should check the documents that are required for the whole process of the property purchase. It is advisable for to home buyers to make a check-list of the documents that you have and required for the same. Accordingly get the required documents and make a file for the same. To check the required documents to purchase a flat, you can refer the link as :- Documents to check before buying a new flat in Pune.

Financial Aspects:-

While considering any project in the process of home buying, first you need to know the rate of the unit from the builder according to th area they providing to you. You have to check Whether the rate offered to you matches with the area rate and the basis – built up or super built up. You have to pay the amount as per the payment scheduled given by the builder.
If you are going to take a bank loan to purchase a flat then you need to take a time to get knowledge of the home loan procedure. For more details you can refer the link as:- Procedure of getting home loan

Other Facts:-

After clearing all above things, there are some other facts that you need to look into. Before buying flat make sure about What maintenance facilities are being offered by the developers, whether it is in proximity to basic facilities and provides good connectivity or not, parking space details, etc. And also Check if the amenities and facilities mentioned in the brochure are provided by the builder. At last, Check if all the necessary approvals have been obtained.

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Category : Flatons Advisors Blog

 

 

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