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How to buy a flat being Cautious to avoid Problems

For the middle class, a flat home is a life time dream and an achievement too and no one wants to risk it and land up in problems.

RiteshPandey
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How to buy a flat being Cautious to avoid Problems

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  1. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Property Buying Tips Gruhakalyan.com

  2. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com How to buy a flat? • For the middle class, a home is a life time dream and an achievement too and no one wants to risk it and land up in problems. That’s the reason the experts ask for due diligence and investigations regarding certain facts about the home or the property you are buying. • You are of course buying a home for peace but in case the home turns out to be litigated and in case you entangle into legal hassles it will really be an unwanted problem. To avoid all these there is a need of investigation and a due diligence to be carried out before finalizing on the deal. • It must be ensured that the property you are purchasing is free of encumbrances and the title of it is clear and you have the sole selling rights on it too. Gruhakalyan.com

  3. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • What becomes crucial at this point is to understand what are the things to be checked and how. We often do not know the procedure of the due diligence and that is exactly we want you to know and understand which we discuss below. • Background check of the developer is mandatory for a plethora of reasons like prices, timeliness, dealings with customers, quality of constructions and many more reasons too. • This will give an idea to ones to what extent the developer is competitive in terms of prices and timeliness of completion of projects. The developer’s past records should be taken in to consideration and the past customers should also be discussed with regarding the behaviour of the builder. Gruhakalyan.com

  4. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Internet reviews of the builder should also be consulted but let’s caution you that all the reviews may not be genuine and so one should be careful in making an opinion by reading the reviews on the internet. • Flats in Bangalore are priced high comparatively and thus the realtors remark that a background check of developers becomes mandatory in such situations. • Even before you check for the clearances and approvals you should check for the title of the land. If the land is allotted from a government agency the developer should be able to show the allotment letter. If it’s a farmer’s land you should check the title paper which should mention the owner. Gruhakalyan.com

  5. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The agreement should also mention about the common areas and the maintenance of it and the transfer of it to the building society. Defects and delays should also be a part of it and the claim of damages thereof. • There are many developers and projects according to which the payment modes of the apartments vary. There are different payment options being offered by the developers. • Most popular among them is the down payment option which makes the buyer pay 10 to 15 percent of the cost as booking amount. The next payment they ask for is about 75 to 80 percent after 45 to 60 days of booking and the remaining can be paid at the time of possession. Gruhakalyan.com

  6. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The buyer should reconcile the facts that the area specified and charged for is the super built up area and then the built up area or the area with the walls are worked out. From there only can you arrive at the carpet area that is the area excluding the walls. • The design and the layout of the flats should also be looked into and seen that there are ample sunlight and ventilation with air supply in the apartments. In case there is any non-adherence of the specifications mentioned the buyer can approach the consumer court after writing a formal complaint to the builder or the developer. • In Bengaluru there are many flats and apartments that are sold in many stages like pre-construction state, under construction stage and newly launched projects. Gruhakalyan.com

  7. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Points To be considered before buying the Flats • Check the credentials of the Project • Title clearances • The agreement between the buyer & the seller • Prices of the Apartments • Payment Modes • Allowing the bank to do the due diligence • Design and Area of the Flat Gruhakalyan.com

  8. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Location • 6th Main Rd, Sector 6, HSR Layout, Bengaluru, Karnataka 560102. • Mob : 8494 9301 72 • Call Us : 080 40155666 • Website : Gruhakalyan.com Gruhakalyan.com

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