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Things to be consider before buying a flat

It’s the biggest investment of your life and usually requires immense sacrifices. But staking your savings and signing on for a bank loan do not guarantee that your dream home will materialize.

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Things to be consider before buying a flat

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  1. Mapsko Group Things to be Consider Before Buying a Flat Mapsko Group Friday 3:23am Filed to: READY TO MOVE APARTMENTS IN GURGAON It’s the biggest investment of your life and usually requires immense sacrifices. But staking your savings and signing on for a bank loan do not guarantee that your dream home will materialize. As a home buyer, you have to run many checks on the apartment you are eyeing. Most people in the country dream of owning a house. Also, investing money in real estate is always rewarding, In order to help home buyers take the necessary precautions before entering into a deal to buy a house. Checking credentials Before finding out whether a builder has secured all the approvals to start construction, you must check the ownership of the land on which the project is to be developed. For this, you can ask the developer of apartment to show the allotment letter of the land, if it has been purchased from a government agency. The major set of approvals that must be obtained by a builder are building plans and floor plans,

  2. structural safety certificates, no-objection certificates from the civic authorities, environment clearances, urban land ceiling certificates , commencement certificates and title deed. They will also have to secure an NOC from the authority of water to use water for the whole construction. Written agreement You must insist on a written agreement with the developer. It should clearly mention the specs of the apartment or flat and all the terms and conditions, including payment plan, time of delivery and quantum of penalty if any party defaults — construction deadline in the case of the developer and payment schedule in case of the buyer. This will also take care of hidden costs, if any. If a person is buying an apartment in a completed project, the person should physically check the occupation certificate, fire safety equipment and mechanism, water and electricity connections and property tax receipts for the project. Background check of the developer This will help assess the execution capability of the developer on timeliness and quality. It will also help to differentiate the project with that of the developers’ competitors. The financial soundness of the builder should also be studied as it will indicate his capability to execute and complete the project in absence of external borrowings. The developer should have a traceable record which is a reference point for new launches and under-construction projects. Gurgaon is one of the most prosperous and beautiful city of the India. Now days a large number of people are moving to this city due to various amenities like sanitation, the standard of living, private parking etc. Here some of the real estate companies like MAPSKO, are offering the most affordable ready to move apartments

  3. in Gurgaon as per our lifestyle and budget. So it’s a best city to start a new life by having your own dream house.

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