Myths on Apartment Purchase in India
Myths on Apartment Purchase • Buying your first home is an exotic thing as well you need to be very cautious about the choices. • When searching for the best apartment building you may come across hundreds options in both the online and offline. • Some of the investors get scary of the myths on apartment purchase in India.
Myths on Apartment Purchase • It may be true in some cases but not true all the times. • Before start believing the things you should analyze the truth behind that scenario.
RERA covers all the project • RERA is an act passed by Indian parliament to protect the rights of the investor and also boost the investment. • Many of us think that RERA is applicable for all projects. It is not true. • RERA rule is applicable for the property which has the space more than 500 square Meter. • It is the responsibility of the builder to register their project in RERA.
RERA covers all the project • It is a mandatory certification for both the commercial and residential property where the land is more than 500 square meters. • You can take a smart decision by choosing the best apartments for sale in Chennai.
Down payment is enough • Having a down payment in saving is not enough to purchase a property. • When you apply for the home loan the bank or the financial sources offer you certain percentage of the property cost. • As an investor you have to manage other costs like registration cost, stamp duty, brokerage fees and GST.
Down payment is enough • Apart from down payment you have to be prepared for these costs as well. • To pay these amounts you have more money than of the down payment. • Pick your dream home to live a happy life from flats for sale in Chennai.
You should purchase from the previous owner • This is not true. There are number of trusted builders in Chennai give quality projects at your budget.
You should purchase from the previous owner • It is more expensive if you buy a home from the previous owner rather than a builder. • The builder can deliver your home without delay. It seems a good idea to buy an apartment from the builders. • We hope that the information shared in this post found to be useful to make a right choice.
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