Perfect Tips for Home Buyers for Buying Under Construction Property

1. Keywords: under construction property, under construction projects, under construction flats in navi Mumbai, Kharghar, ulwe Topic: Perfect Tips for Home Buyers for Buying Under Construction Property Everyone has a dream of buying the house which they want to make a home for that house. But buying a property involves long-term financial commitment and you have to be in that position to afford that investment. Under construction property always draws the attention of home buyers since it calls for payment lesser than the ready to move properties in a realty market. However, one can't overlook that putting money into an under construction projects is a dangerous issue. You might face the delay in possession and if the project is stuck due to a certain issue, there might be a long legal battle to be fought. Therefore, it is very important to know the tips that one should keep in mind while buying the under construction property. ✓ What to check before buying an under construction property? In the beginning if you are thinking of buying an under construction property, then the developer’s bona fides and market standing should be precisely inquired and verified. ➢ Being a purchaser you are qualified to request for a duplicate of the project’s drawings, which should be properly stamped by the city specialists. ➢ Choose the location keeping in mind that it should be according to the future appreciation potential. ✓ Always calculate the total cost This is the basic tip that you must keep in mind. If you have hired a broker then don’t follow him blindly. Many times brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which might escalate the total cost. So, you should always ask for the final cost of the property. ✓ Always consider size of apartment according to your choice: When you come in contact with builders they generally mention super built-up area in their brochures. This incorporates regular zones, common areas such as staircase, lobby, and so on. The carpet area of

2. the flat could really be 30 percent less than the super developed zone. It is advisable that you should to always go by the carpet area, the area enclosed within walls. Also, ensure that you check how much land you will need to build your dream home. ✓ While making payment after buying your under construction property, you need to ensure that you get the Allotment letter issued by the builder mentioning exact detail of the property to be purchased along with the entire consideration amount payable. This is most necessary tip that you should follow. ✓ In most of the cases, the flat buyers avail housing loan from various financial institutions. If you are the one who have taken loan for buying property then you must need to ensure that the project is approved by the bank and all the formalities have been completed, so that you don’t suffer from any issues related to bank in near future. ✓ Register your plot: After selecting the property, you have to register it with the authority concerned for you to become its lawful owner. Through registration, you will be able to acquire the rights to the property from the date of the execution. Also, you must do some research about the developer's record in terms of total square feet developed, market feedback and project delays. Resource box: If you are thinking to buy an under construction property then you must contact Satyam Developers, the best company who have developed more than a million square feet of under construction flats in Navi Mumbai, Kharghar, ulwe. Summary: Above article will brief you with tips that you must consider while buying an under construction property.