Planning to buy a property in Noida? This is the right time for you to buy your own house in Noida.
Noida has emerged a major destination for home buyers over the last few years. Noida and Greater Noida provides affordable alternatives to middle class buyers in National Capital Region (NCR).
Home prices in these regions are comparatively lower than in Gurgaon and Delhi. For those who are looking for property in Noida, are hereby informed that there are plenty of residential flats for sale in Noida are available.
Properties dealers in Noida offers you with different types of schemes while purchasing any flat. Property dealers sometimes also provide sales on residential flats in Noida. So before purchasing your own house or flat you should look after the schemes and sales.
Here are 5 things you should keep in mind while going for house hunting in Noida:
Check the location
It may happen that the layout provided in the brochure could be different from the reality. So do a cross checking of the site before booking the 2BHK or 3BHK flats in Noida extension.
Try to communicate with the neighbors as they know all the details about the property, whether there is any illegal occupation or any other legal dispute related to the property or not.
Choose the right builder
It is very important to do an extensive verification of the builder with whom you are going to buy your property.
Verify builder’s past and present projects. Project being developed by an unknown builders or a first time builder may be cheap but they may remain ungrounded forever.
Buy vs. Rent
Many people buy property by thinking that they will use it as rental for others to pay EMIs. Hoping that the rental income will pay for the EMIs is a wrong approach. The rental income on residential properties is only 2-3%.
Moreover your property may remain vacant for months before you can find a tenant.Calculate the total cost- Do not believe on what broker has mention the price of the property on brochure.
Many time broker just mention the basic cost and no other factors such as internal\ external development fees, parking \club charges, and service charges. These charges later increase your total cost. So ask for the final cost of the property.
Register your plot
After selecting and finalizing the property, you have to register it with the authority concerned so that you can become its lawful owner.
By registration you will be able to acquire the right of the property from the date of the execution of the deed. So registration is very important for your property.
These are some of the most important points which you should always keep in mind before going to buy a commercial or residential property in Noida.
Source: http://fairpockets.strikingly.com/blog/tips-to-consider-when-buying-new-house-noida
