Preparation to buy a house in Delhi-NCR, do not ignore these advice of veteran realty experts
Delhi-NCR For example, buying a house in a big real estate market is a challenging task. The options here are so much that for the first time a person buying a house gets confused. Planning, preparation and correct information is required to buy a house. You can take the help of real estate agent or broker, but you have to take the final decision, so it is important to have a complete understanding of this process. In such a situation, if you are thinking of buying a property in a location of Delhi-NCR, then what should be taken care of and what mistakes should be avoided? We know about this Veteran Real Estate Expert and Space India CMD Rakesh Yadav Go from Let’s know what they have advised?
Where to start?
Assess your budget: First of all, assess your budget before purchasing property in Delhi -NCR. Which price property can you buy. Then assess EMI, down payment and other expenses. By doing this, you will easily select the right property and location for yourself. After this, check the availability of basic facilities like schools, hospitals, metro etc.
What should be kept in mind before investing
- Location and Connectivity: How is the connectivity of the project from metro, highway and essential places.
- Market Value and Trends: The location in which you are thinking of taking property, definitely check the market value and trends.
- Rental Yield and ROI: Be sure to get information about income and returns from investment.
Assess the advantages and risk of investment
Advantage,
Increase in property value
Regular income from rent
tax benefit
risk:
Project delay or construction quality problems
Which property should be taken for investment?
- Great connectivity: Select a property that ensure easy access through metro networks, expressways and international airports.
- Employment opportunities: Due to multinational companies, startups and IT parks, that area is attractive to the job.
Who can be the favorite area?
- Gurugram: For corporate hubs
- Noida: For fast growing premium lifestyle
- Greater Noida: For world class infrastructure
- Faridabad and Ghaziabad: Emerging options, better possibilities at low price
Legal investigation is very important
After the Kovid epidemic, there has been a sharp increase in the purchase and sale of property in Delhi-NCR. But along with this, disputes related to fraud and title have also increased. Therefore, before dealing with the property, please investigate all the legal aspects related to the property. Also check the credibility of the builder. If you follow a good legal checklist in time, you will survive fraud and years long legal battle.
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