Tips for Buying Property in India

With swift infrastructure development and growing residential complexes, properties in India are selling like hotcakes. Check out our tips for buying property in this country. 

Whether you are thinking of buying a commercial or a residential property in India, make sure that you follow a few of these tips to get the best rates and services-

Planning and research

Consider this- Do you want a property for long term basis? Do you wish to rent it or sell it after a few months or years? Before you go ahead and invest, make sure that you answer to these questions. Take in consideration the reason for your purchase and the kind of area you would want for the property. Locations, including metropolitan cities, suburban areas can be great for residential properties, while commercial property in Gurgaon, Faridabad, Gandhinagar, Greater Mumbai and Pune are selling like hotcakes.

Search a Franchise

Having a costly property dealer won’t do you any benefit, particularly because they have a limited range of options to choose from. This is where searching a franchise on internet can be helpful. Check out franchises that have a vast range of cities and locations included in their search list. Choose a real estate company that deals with both commercial and residential properties. This will help you select between wider options.

Affordability

What may appear affordable to you might be costly for others and vice-versa. Therefore, before you go ahead and think about buying a property in India, make sure that you have a clear idea about your affordability. Market status of the property should also be taken into consideration. So, decide beforehand about whether you want a new construction, used, re-built or coming soon property.

Check legal documents

On a number of occasions, real estate companies can make you a fool by offering things that they don’t have. So, make sure that you check all legal documents from the seller. If you can’t do that, pay a lawyer to help you. Check whether the building is registered and its layout is approved by the government. Also, in case of a second hand or used property, check that there aren’t any outstanding liabilities or mortgage on the property,

House Inspection

Never ever buy a commercial or residential property without inspecting it on your own. Don’t hurry to make the payment, rather visit the site at least two times so that you don’t miss out any underlying issues. Make sure that the facilities like electricity, water, parking, location and safety are all taken care of.

Get an apartment

If you want a residential property in metropolitan cities like Gurgaon, prefer for an apartment. It not just guarantees you safety, but also ensures that you have a choice between single, double or three and even four bedroom homes. This way if you like a particular building, you can choose it and customize it in accordance to your requirements. Plus, issues like electricity and water woes are less prevalent in apartment culture.

Follow these tips and you can also have a property of your dreams.