Times like these, it isn’t hard to guess that Indian real estate sector isn’t in its best shape. If given the space in the mainstream media, one would find lakhs of homeowners protesting for one reason or another.
In fact, in Noida alone, over 30,000 home buyers are left on shaky grounds with insolvency proceedings launched against Jaypee Group by National Company Law Tribunal (NCLT). Amarpali Group is another renowned real estate builder giving woes to the commoners in the same state. Scores of home buyers have taken it to the streets, protesting for the delayed possession of their flats.
Learning from the mistakes of others
Like the saying goes—mistakes are meant for learning, not repeating. As aching as the Amarpali and Jaypee gaffe is, it’s also the perfect example for other home buyers to learn from.
“It is time for the Indian middle class to seriously reflect and reconsider. The real estate boom-to-bust story has lessons for everyone,” points out Hindustan Times.
Are you looking to buy a new home?
Given the magnitude of the investment, it is very important you venture the path with great caution. Things are much more complex than suiting yourself the right apartment and offering money to the builders. To stay on the safer side of the fence, you must consider a range of factors to not only optimize your return in the busted real estate sector of this country but to also avoid the stress and fate that of Amarpali and Jaypee Group home buyers.
Here are 5 Expert Tips for the first-time home buyers:
Value the reputation of the builders at the very top—and not their popularity. Marketing can inflate their recognition not their repute and quality of work.
Never underestimate the relevance of having a nice neighbourhood. Factor not just the crime rate of the area but also other aspects including the lifestyle of the neighbours.
Keep your finances ready. Make sure even after the payment, you’re left with adequate amount. The rule is simple— you should be able to afford a mortgage three times your income.
Go for the likes of 3 BHK flat near Joka that not only is cost-effective but also have super locality. To that, the affordable 3 BHK flat near Joka also highlights a fine blend of architectural marvel and remarkable connectivity with the city.
Don’t blindly trust the “experts”, news and big banners. Don’t take all the claims at their face value, but put forth your own calculations and measures in use.
Of course, the tips for first-time home buyers run beyond the mentioned ones. The simple mantra to stay safe is to keep your eyes open and brain thinking.
Real estate is a big and tricky deal. It has a variety of aspects which needs to be considered. Your lack of knowledge can be used by frauds to their advantage which may cost you a fortune. Thus, to prevent any such risk, you can seek the help of a registered realtor and find the house of dreams. To know more about how a realtor is important when investing in a property, read on for the article highlights it in details.
To Stay Updated with The Ever Changing Real Estate Rules
The rules and regulations related to real estate are as complicated as rules can ever get. Every house is different; the laws change from state to state, in fact locality to locality. So it is very difficult to know about all of them. Seeking help of a realtor will help you stay within the limits of the guidelines and buy a house by not breaking the rules. They put their knowledge into work, helping you realise the dreams.
Get a Fair Deal and Price
Real estate agents have a fair idea about the market price and can help you get the best deals. They can easily determine whether the asking price is high or low. Price estimation is an important aspect to be considered when investing in a house or an apartment. While it may be easier to just search the net and compare the prices, but to get a real life scenario, taking the help of one of the best real estate companies in Kolkata is always convenient. They can also help you get a good deal with lower prices.
Considering The Ethics
All real estate companies (at least the legal ones) are registered with the National Association of Realtors. Thus, they are bound by the ethics and the codes. This code stipulates that the realtor has to be honest with the customer and has to maintain transparency in the transaction. They are also obligated to put the interest of the buyer before their own. All these restrictions make them abide to the strict moral code, helping you find a better house without having the fear of being cheated.
Tackling The Complex (and Never Ending) Paperwork
When buying a home, you will have to be prepared for the loads of paperwork. To complete the transaction, you will have to arrange a number of documents and it can get extremely complicated. And to add, tiring and irritating as well. When you enrol for the help of a realtor, you do not have to deal with the headache of paperwork for they fill it on your behalf. This will also save time and energy on your part, while your work gets done without any faults (which can be high in your case given you are inexperienced).
Real estate developers in Kolkata offer their best services so that you can find the house of your dream. They are efficient and trustworthy, which justifies their involvement as useful. Also, the deals available on the best houses are affordable and within your budget.
Kolkata is one of the largest metropolitan in the country. Established in the 1600s, the city was the first capital of the British India, which makes it quite a hub for several things. Rich heritage to delicious food, Kolkata offers everything you can ever ask for. The city is divided into three parts – north, central and south. While north and central Kolkata harbor the old city charm, south Kolkata is known for its modernity.
If you are planning to buy a house in Kolkata, then south Kolkata is the best place to reside. Want to know why? Here are the reasons given below.
It is Less Congested
Kolkata may be a large metropolitan in the total area covered, however, unlike the northern part of the city, south Kolkata is less congested. The old part of the city, north and central Kolkata precisely, were built during the wee days and thus insufficient planning is evident. The southern localities, however, came into existence a few decades. The well – planned roads and the neighborhood allow more road space, thus, diminishing the possibilities of traffic jams.
It is Well – Connected with The Rest of The City
The North – South metro channel connects the city pretty well as people can travel long distances in a matter of few minutes with ease. Other than the metro, there are numerous buses and taxis plying to even the remotest corners of south Kolkata. The construction of the recent flyovers has further provided daily commuters with better connectivity around the city.
It has a Number of Tourist Attractions
From the Gold Course to the South City Mall, from National Library to Alipore Zoo, from Victoria Memorial to Race Course, some of the most prominent monuments are located in South Kolkata. If you take a day off and roam around this part of the city, you surely will have enough options to explore. And if you are too tired to move, visit Princep Ghat and watch the sun set in the calm depths of Ganga.
It is an Ideal Place to Grow Up
From Tollygunge to Ballygunge, Alipore to Jadavpur, south Kolkata hosts quite a few residential areas. The 3 bhk and 2 bhk flat in south Kolkata have ample space and provide numerous facilities like parking space, security, etc.. Many of the popular schools and colleges are located here. Families prefer settling here due to the convenience it offers, making this part of the city an ideal place to grow up.
Thus, it can very well – established that South Kolkata is the ideal place to reside in. with its broad tree – clad roads and wide pavements, it is the sophisticated part of Kolkata. buy 2bhk flat in Kolkata, and see your dream come true. The flats are cheap and affordable, as they do not break your bank. Top real estate developers are developing new projects to accommodate more people.