Things to Check Before Buying a flat in Pune It will be very dangerous to carry on buying a flat in Pune only by liking a particular flat. The article says about some of the critical things to be noted while booking a flat. People spend the hard- earned money to buy a flat or some other property. Even for many, a bank loan also should be taken along with their own hard earned money. In that case, the EMI on the loan will be deducted from the monthly income of the borrower. So, it is very crucial to invest flawlessly on property in Pune. Verify the price of the property First thing is to have a clear idea about your budget and then look for a property keeping the budget in mind. A property demands a price according to its locality and the amenities provided. Once the provider gives you the quote, the first thing you will have to do is that you should compare it with the properties in the neighboring areas. You can acquire information about the flats in Pune from newspaper advertisements, websites and property portals and may be from the brokers operating near your area. Builder-buyer agreement The buyer receives an allotment letter when he or she books the flat by paying token amount. After this, the buyer, dealer and the lending bank together make a tripartite agreement for the remaining amount. At this stage, the builder- buyer agreement should also be signed. Often this agreement is made in favor of the builder and the buyer should take the effort to read study thoroughly to avoid future troubles by understanding all clauses in it. It is advised because the builders likely to insert a clause in the agreement which gives them the power to raise the price of the property during the time of possession. The clause is likely to mention that due to ‘unfavorable condition’, ‘things out of their control’; the developer can increase the price of the flat in at the time of possession of the flat in Pune. Recently similar issues happened in the city of Pune and many other cities. So these things should be taken care of before looking to buy a flat in Pune. Location and its upcoming infrastructure It is also equally important to make study on the location of the flat you are looking to buy. As 2&3BHK flats in Pune are very costly, it is better to buy in a good location where you will have all facilities around. A flat buyer should look at the factors like the physical and social infrastructure, facilities and amenities provided in the project and the easy access to the other locations in the city. To settle down in your new flat in Pune, you must have region with ready amenities. These are opinions from the experts and the professional in this matter.
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.