Real Estate Checklist: You Must Follow Before Buying A House In Ahmedabad

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hardik, December 28, 2018

Real Estate Checklist: You Must Follow Before Buying A House In Ahmedabad

Should you be looking at properties in Ahmedabad, remember that the city has now become a melting pot of cultures, owing to people and expats coming in from different parts of the country.

Realty players have seized this opportunity and have a number of residential properties on the platter for you. While the internet is abuzz with multiple property document checklists for buying a house in Ahmedabad, this one streamlines the more important ones in order to make it convenient for you.

1. Fix Your Budget

This should definitely lead your real estate checklist. Knowing your budget makes zeroing-in on your house that bit easier. You can obviously compare the property with others in the vicinity and check if the builder has quoted you a genuine deal.

For instance, the Yash Arian residential project (developed by Yash Arian Infra LLP) – located at Memnagar, Ahmedabad offers 2 and 3BHK apartments, spread across carpet areas. In addition to this, the apartments lie within an affordable price-bracket and the project boasts of fine connectivity with all the major institutions in the vicinity.

Must read: How to Choose the Right Property in Ahmedabad

2. Look at the Total Cost Structure of Owning the Property

Don’t make the mistake of missing out on some of the more important additional charges. These include stamp duty, registration fees, parking costs and expenses related to new furniture and fittings that you might have to buy. It is these add-on charges that constitute the total ownership cost and is likely to have a significant bearing on the budget.

3. Know the Apartment’s Carpet Area

It is the property’s built-up area that is most commonly listed in the brochure. However, this includes the total area, including space for stairs, elevators, shafts, and the wall thickness as well. Know that the final area that you would be utilizing is the carpet area that’s enclosed within the walls of your property/apartment. This can be up to as much as 30% less as compared to the built-up area that determines the property price.

When you are buying a property, it is imperative that you be absolutely comfortable with the final livable area or the carpet area, as is the more accepted terminology in real estate parlance.

Must Read: Real Estate Investing Tips For Beginners

4. Be Sure of the Land

It is absolutely vital that you be certain of the land’s viability in terms of the soil and topography. Moreover, find out if the land is stuck in a legal dispute; should there be any conflict, don’t zero in on the property till the creases are ironed out. Go through the title deed carefully as that will give you a look-in to the rights, possession, and obligation (if any) towards the property.

5. Do a Legal Check

Find out if the property has been sanctioned by the Ahmedabad Urban Development Authority, Municipal Corporation (and other respective boards in the city). Ask your builder of any NOC or approval certificate that might be pending. Also, ask about the water and electric supply to do away with possible glitches.

6. Think it Through Like a Tenant

Post the purchase, you might want to rent out your property. Therefore, it is crucial that you do a feasibility check of your apartment’s location, from a tenant’s point of view. For instance, consider a couple that might have to commute to work regularly. In this case, the residence’s proximity to the bus stop/railway station would be a bonus for the tenant(s).

7. Probe Into the Builder’s Past Construction Record

Should the property still be under construction, it is advisable to probe into the promoter’s construction history. Don’t skip the leg-work; visit other completed properties (of your builder, if necessary) and be sure of the quality of raw materials and overall construction. This will give you an idea of what to expect and the standard to judge whether the minimum would be delivered or not.

Must Read: What is RERA?

8. Finally, Check The Location

There is a reason why the location is a major determinant of the property price. You would ideally want to be satisfied with the area of residence, and this warrants taking stock of all amenities and access to the nearest social hub.

On the same note, Godrej Garden City, located near the SG Highway in Ahmedabad, is an upcoming residential project that boasts of spacious 2 and 3BHK apartments, spread over up to 2,278 square feet. Moreover, the property enjoys proximity to the thriving social hub – theaters, eateries, schools, healthcare facilities, banks, and a booming marketplace – everything within easy reach.

From finding the right home to getting in-person assistance for site visits, to availing a loan and getting documentation assistance, home loans by Bajaj Housing Finance Limited help you do it all.