Guide to Buying a 2 BHK & 3 BHK Flats? Aparments In Hyderabad

1. Guide to Buying a ​2 BHK & 3 BHK Flats​​/ Apartment In Hyderabad apartment which you are planning to buy is going to be your home which will hold all your memories. So before you invest in your dream home you have to go through some factors which might help you in buying your dream home. ● Budget ● Location ● Amenities ● Security measures ● Legal Documents Budget : ​Buying an apartment will be a huge investment you have to make. look into your properties and calculate how much you are going to invest ​A proper budget has to be planned to know how much money will be left each month to meet your expenses. If you want to buy an apartment on home loan then you must consider that getting a loan should not be a problem with all your legal documents. You have to make sure to meet your monthly expenses even after paying EMI of your apartment. So plan the budget accordingly by checking your monthly expenses and try to avoid extra expenses as you have to clear EMI of home loan. It is a dream for everyone to own comfortable home. The

2. Location: you want to live in. Look out if the location is accessible to transport, hospitals, schools, and IT Hubs. Choosing a location for a living will make it easy to commute. Check if the location which you want to buy an apartment is well developed or not. Check the actual area of the apartment you are going to buy. There are 3 kinds of areas of an apartment ; Carpet Area:​ which is the actual area of an apartment Built-up Area​: which is the total area of an apartment which includes carpet area and balconies Super Built-up Area​: which is the total area of built-up area and carpet area along with common areas of the building like lift, stairs. Check if the location where you plan to buy an apartment has ever encountered any problems such as water shortage etc., Check the land value of the location where you are going to buy an apartment. Amenities: ​Another important factor which has to be considered before buying an apartment is amenities. Be clear on what amenities you require as the price you pay for buying an apartment includes the amenities. Common amenities include a swimming pool, gym, children park. Check the parking area of the building and see if there is sufficient parking area for your visitors also. Do visit the building before buying an apartment and check if the amenities are provided as the builder promised to you or not. Check if your builder provides facilities like power back up, 24/7 water and electricity supply, lifts and security system. ​The main factor to consider when buying an apartment is the location

3. Security Measures​: when you are going to buy an apartment. Make sure if the building is in a secure locality. check if they have round the clock security or not. The building area must be under surveillance and should have 24/7 monitoring. Before buying an apartment from the builder check how safe the flat is and check whether the apartment has been constructed according to the guidelines of national building code norms such as life safety, protection, and prevention from fire Legal Documents : ​Before buying your apartment it is important to do some research ​on the reputation of the builder as it is safe to buy an apartment from a builder with a track record of good projects. Check the builder's other projects and verify the builder from existing residents. Check whether the builder from whom you are going to buy an apartment has all necessary government approvals for the project or not. There are certain documents which you must verify from the builder before buying an apartment from them they are : Title deeds​: It is important that if the project has a clear tile Assessment register ledger entry is a document for verification of title. RERA​: RERA stands for Real Estate Regulation Act under which the builder has to be registered in order to advertise the project. According to this act, the builder has to hand over the project to the buyer on the exact date of possession. Stamp duty & Registration: ​Check the documents of titles to make sure the stamp duty is paid Security should be another main point which has to be considered

4. Tax receipts and bills of the builder​: Check if the builder is paying the taxes related to project or not such as house tax and water bills Sale deed: Sale deed has the complete details of the project like the address and area. It has common details of both the parties along with the payment mode. It has to be signed by both parties along with witnesses. ULC​: ULC stands for Urban Land Act Certificate which is created for a fair distribution of land in urban cities Development Agreement: This agreement has the terms and conditions under which the developer can carry out the construction. It is in the name of the builder. Ownership Documents​: Check whether the builder has the right to sell the apartments of the project. Commencement Certificate​: Greater Hyderabad Municipal Corporation ie. GHMC issues this certificate which allows the builder to begin the construction process of the project Occupancy certificate:​ This is also issued by GHMC along with the project plan Non-Agriculture (NA) permission: ​This permission is given to the land where the project is constructed. This certificate makes sure that the land can’t be used as an agricultural one No Objection Certificate (NOC): ​No objection certificate is required from the government and different authorities such as water department, electricity departments which state that the builder can carry out the process of construction of the project.

5. Encumbrance Certificate (EC): This certificate shows that the project is free from legal liabilities. As a buyer one has to know all the key aspects before buying an apartment as it where you are going to spend your life with your family. So kindly refer to the above key factors which you are going to buy your dream home which may help you.