Build Your Home In Your Budget.
Building a luxurious independent home with your given budget in Delhi region can easily done. but there are several factors we need to consider before building a house. we should get proper land and location which have all the facilities and connectivity and also the place should be peaceful and attractive. Considering Delhi NCR region the places like Gurgaon, Noida, Sohna etc are most suitable locations to buy a land and construct a house. The real estate properties in Gurgaon is providing all the needs for a person to have a happy living.
Know more about the most luxurious apartments in Gurgaon.
Luxury Homes Gurgaon |
The different factors you need to consider before buying land and constructing a house are,
- Verify the identity of the seller
- Verification of title and ownership of the seller
- Conversion and land use permissions
- Construction approvals
- Occupancy, Encumbrance
- Check the status of tax payment
- Encumbrance
- Physical survey and access to the property
- Compliance under the Real Estate (Regulation and Development) Act, 2016 (RERA)
You can also look for luxurious ready to move apartments in Gurgaon, which will save you from all the problems while buying a land and construct a house in it. The advantages of buying a ready to move home over building a home are,
Cheaper– Under-construction houses are generally cheaper in comparison to ready-to-move houses. There is a significant price difference of 20 to 30 per cent between them.
Low on EMIs– EMI’s are paid as work on the project progresses. Therefore in the case of under-construction houses the initial EMIs are less.
It’s a win all situation for both builder and the buyer– While the buyer saves money, the seller has customers even before laying the foundation stone.
Higher returns– People investing in under-construction homes get higher returns but that also comes with the risk factor. For instance, in Noida people who had bought flats from Noida authorities got good returns while in a similar case, people who had invested in property in Samshabaad near Hyderabad are still waiting for returns.
While buying a property, it is better to err on the side of caution. With proper legal advice, scrutiny of documents and verification of relevant information pertaining to the property, the buyer can ensure that the investment brings peace of mind and a sense of security. Buyers are often at the mercy of brokers or builders and motivated to make decisions, by the promise of exponential returns or irresistible offers. However tempting and lucrative the prospect may appear, it is imperative for the buyer to exercise due caution and obtain appropriate legal advice, to safeguard his interest before buying a property.
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