• Sunshine: Sunshine around the flat or property is adding value. • Cross ventilation :Cross ventilation keeps home environment healthy and fresh • Carpet area: carpet area is the main part in property buying. • Build Quality: Build quality matters safety of life • Quality of fixtures: Quality of fixtures minimizes your maintenance of daily needs • Amenities: Amenities adding charm and happiness in living style. You no need to wondering to find place to get relax.
• Don’t buy property before title search and legal Paper notice • Not having idea of budget of property and loan approval • Never be in hurry to close the deal without all aspect check of property like title verification. • Lacking of vision of return on investment in property • Ignoring the neighborhood and social infrastructure of property • Paying token money for buying a home, before the loan is approved • Not reading the purchas agreement before buying a home • Purchase home in locality that faces problem like shortage of electricity, water supply. • Not discussing the fixed and variable costs with the builder • Property document check by unbiased lawyer who don’t have any connection with builder. • Don’t buy property before title search and legal Paper notice • Not having idea of budget of property and loan approval • Never be in hurry to close the deal without all aspect check of property like title verification. • Lacking of vision of return on investment in property • Ignoring the neighborhood and social infrastructure of property • Paying token money for buying a home, before the loan is approved • Not reading the purchase agreement before buying a home • Purchase home in locality that faces problem like shortage of electricity, water supply • Not discussing the fixed and variable costs with the builder • Property document check by unbiased lawyer who don’t have any connection with builder.
• Clear Title search proves the ownership of the property • Clear Title search proves that property not having mortgaged • Clear Title search proves property not having encumbrance • Clear Title search shows No dues Pending
• We can check is there any other person have claim on the same property • We have legal proof we gave the legal paper notice in news paper before buying the property if advocate doesn’t get any objection that means there is no any claims of other party.
Budget includes • Loan amount 80 to 85 % • Stamp duty • Registration fee • GST • Interior furniture • Example Cost of flat =40 lakh Home loan 80%=32 lakh Self payment =8 lakh Additional payment like registration fee stamp duty, Furniture, Interior=7 Lakh Total cost =47 lakh Required cash in hand 15 lakh Apart from this keep in mind regular expenses
• Surrounding of the flat and society is very important for harmony and peace. • Social infrastructure adding value in resale of the property. • School near by to the society minimize every day risk of kid as well as travelling charges. • Hospital near by to the society make more safer in any time medical help. • Shopping mall /market near by fulfill all your daily needs without wasting time. • Bus stop near by to the society is important for travelling to you as well as your relatives to reach you. • Metro station near by it is plus point in travelling perspective in any circumstances • Not should near by Industry/Pollution making environment those can affect health
• Broker know the price of neighbor so you get advantage to make a deal • Broker know how to convince both buyer and seller to make a good deal without any hesitation. • He know the plus minus point of property to make good investment • Broker guide the buyers thorough the buying journey to find out best properties as per budget. • Brokers knows the current market trend and prices that full fills the buyers expectation • Comparing different properties available in the market value for money • Negotiate the final price between the buyers and developers or the seller. • Listing properties on online portal with proper description • Real estate agent knows the latest laws and rules in real estate industry.
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Ready To Move
Under Construction
Pre-Launch
Initial Cost
Fixed
Likely to change
Very likely to change
Final Cost
Almost Same
Delays
No delay
Possible
Highly possible
Commitment
No change
May change
Highly probability for change
Approvals/Permissions of Authorities
Generally All available
Partial Permissions/approvals
Almost no approval/Permissions of authority
If you are going to buy or purchase flat there three types of possession 1.Ready to move 2.Under Construction 3.Pre-Launch in all cases Initial cost can be different. Final cost for all possession format may be differ from each other. Delays for passion in ready to move no way, in case of Under construction delays possible but in Pre-launch delays are highly possible. Commitment/promises from the side of builder in case of ready to move get followed. In case of under construction promises may change but in case of pre-launch project high possibility to change in promises or commitment. Approvals/permission of government authorities in case of ready to move generally all available. In case of Under construction project partial permissions/approvals are available. But in case of pre-launch project approvals/permissions of government authorities almost not available.
• Base price-(do refer to RERA Definition when considering area) • Preferred location charges like Floor charges, Facing charges, Parking charges etc • Internal development charges which born by Builder • External development charges born by government • Advance maintenance charges for one year (period may vary) • Charges for amenities • Power backup charges • Stamp duty, Registration, GST