A lot of people tend to make
property related decisions in a haste and then regret later on. Falling in the
trap of advertisements and glossy magazines, one should never overlook the main
factors that
need to be considered before finalizing any property
deal. Few of these factors are mentioned below to ensure a ‘smooth purchase’
for all the to-be owners:
1) LITIGATION FREE LAND:
Apart from checking the
availability of the amenities, one should also check the land is not bound by
any legal issues since it may lead to unpleasant surprises later.
2) ASK FOR THE ‘SANCTION PLAN’
A sanctioned building
plan proves that the government has permitted construction of buildings at the
site. Absence of such a plan is a clear indicator that you can land up in
trouble because of residing at an ‘illegal’ property.
3) PAYMENT OF PROPERTY TAX
Unlike all the tasks
that you might forget, this one should be always taken care of. Making the
payment won’t suffice, collecting the payment receipt is equally necessary.
4) OWNERSHIP OF FLAT
The owner of the flat
should possess all the necessary ‘legal’ documents which prove his ownership of
the property. This proves the fact that he has cleared all the legal
formalities.
5) FLAT PRICING
One of the most
important aspects of buying a flat is its ‘Pricing’. The prices should match
the current market prices. However, if you don’t have knowledge about the same,
it’s better to consult your builder.
6) WALLS AND SPACES
Tallying the dimensions
mentioned in the booklet with the actual dimensions ensures that you are not
cheated in terms of space and width and length of the walls.
Look after all these factors
and you’ll never face any property related problem anytime in the future.
