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7 Things You Need to Check Before Buying A Home PRATHAM By Dhoot Group
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Buying a home can be an arduous process and it is of paramount importance that you make your investment fruitful one. In such a situation there are few mandatory points that you need check off before take the final step.
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Developer's Reputation Makes sure that the developer you choose has a good reputation. Research the developers properly before shortlisting them. Check user reviews of the developers, and you can even post queries on real estate forums.
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Legal Issues:
Checking the legality of the land you are purchasing your property on is another crucial check you should perform. These checks are especially true if you decide to buy a flat in either north or south Kolkata. Some very important legal checks you should complete:
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Title deed to confirm the developer’s right to use the land NOCs and approvals from local municipal corporations Make sure the Development Corporation and the local body of the city has approved the entire property Make sure the land is free of all legal dues through an encumbrance certificate In case of a resale property check the release certificate
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Financial Health of Developers: Banks have become more particular when loaning to developers, as only the ones with the best reputation are selected. While the ones sitting on unsold inventory and unable to complete a project are not. This scenario benefits you as now you have a better pool of options to choose from.
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Location, Location, Location:
Before you begin shopping for affordable flats in Kolkata. Make sure that the location of the housing project has optimum access to transportation and also is accessible by various types of transportation. Also make sure that in the vicinity are schools, colleges, hospitals, markets, banks and other commercial facilities. These facilities will give you a superior living experience.
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Plot Registration: Register your plot through the concerned authority to become the lawful owner of your apartment.
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Final Cost: Check the final total cost of your apartment. Make sure that all the amenities like parking, club, statutory charges, internal and external development fees, GST, home loan processing fee, registration charges and stamp duty are included in the final bill.
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Builder-Buyer Agreement: A flat can be bought by a token amount, against which the developer is entitled to provide you with an allotment letter, automatically creating a tripartite agreement between you, the bank and the builder. Make sure you have read this document completely and properly before proceeding.
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Keep all these pointers in mind before proceeding and you have made your investment worthwhile. A house is the most crucial investment in your life so make sure that your every decision count and acquire that home you have always desired.
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Contact us ADDRESS
26 Barackpore Trunk Road, Beside Prasad Nagar Housing Complex, Nehaboot Nagar Kolkata 700058
PHONE NUMBER 033 4040 1010
EMAIL ADDRESS
pratham@nkrealtors.com