What do you think is the best way to buy property?

You can choose options from websites. These days all information, including model apartments, is available on the internet. After this it is important that you or your relatives visit the sites of shortlisted properties and experience the brand before booking.

How to choose the right property?

One should buy property in an area which has adequate basic amenities such as power, water, sewerage, etc. It is important to do your checks and balances while deciding on a project. Infrastructure in the area, connectivity, builder's goodwill and price of the property are key components a buyer needs to take into consideration. A buyer should also carefully check points such as the builder's experience, number of projects completed and delivered, banking institutions involved and present buy options available to suit your requirements. It is better you conduct a field survey before identifying a suitable property meeting your budget and location preference.

When to Buy?

Ask yourself why you want that house? What really is the motivating factor when it comes to your decision to buy that house? Do you want to buy it because you want to live in it with your family or do you look for an extra income that the house will bring in the form of rent? Or, are you simply buying it for long-term value leverage? The more you know about why you should buy a home, the more focused your search will be and the better you will be able to select one that meets your requirements.

What are the documents you need to check before buying?

  • Check for proper conveyance of Title in favour of the builder.

  • Check the licence/development right/approvals of the builder.

  • Check clear and marketable title of the project.

  • Ensure execution of proper Allotment Letter/Sale Agreements on your payments.

  • Ensure whether reputed financial companies approve the project. This will help you in getting financial loans.