Buying a property in India is a first-time prospect for some home buyers or a one-time decision for others. Some get excited, some stressed, some do so in a hurried fashion.
Despite having a smaller population than China’s and being the second most populated country in the world, India has the highest youth population in the entire world.
When you see a property for sale, you sometimes get a feeling of attachment thinking of it as your ‘Dream Home”. When you like some special aspect about the property you tend to overlook other aspects that could impact the prospects of the property.
Then, when you get a feeling as if it’s the best house in India, you feel the urge to book the property immediately. You start arranging the booking amount, try to sort out the down payment and the home loan as well.
If you think carefully, you will realise that the decision of buying a property in India is not something you do in a rush. It is something you do in a calm manner as it is a decision that impacts your lifestyle, family and most importantly your finances. This decision is one you don’t want to regret later.
It’s like this. When a detective investigates a case, they deliberate deeply and analyse the scenario and then come up with a conclusion. A home buyer must also do the same. You must investigate elaborately when buying whether apartments in India or villas or plots.
Keeping this in mind, we have come up with a list of 10 things every home buyer must know before buying a property in India. Take a glance and take a strong mental note. Think intricately. It’s important. It determines your future.
These 10 factors must be your parameters for determining the credibility of the property. Homes247.in is with you in every step of this process checking all the things to know and be sure of, off the list. Still, we believe that everyone must have a firm idea and insight into the Real Estate market in India.
Checking the credibility of the Builder or the Real Estate Developer developing the project is a very important step. Scoping the profile of the developer and knowing the business history of the builder is very important. Looking into the past developments of the developer, the upkeep of time of delivery or if there was any delay. Since RERA, every developer has a website with all the completed, ongoing and upcoming real estate projects. The internet is at your fingertips and salvaging it to find everything you need to know about the property you’re interested in. It’s important to know what others are talking about the builder and the property.
The proximity of your workplace from your home is the next big concern. In today’s times, almost everyone in a family works 5 days a week. This means you or your family members have to travel regularly from your home to your workplace. If the distance between the property and the home buyer is long it translates to inflated fuel cost, loss of time in travel, getting burned out due to the long & tiring commutes each and every day for years to come.
Checking how far are the nearest schools, colleges, hospitals, markets, shopping malls, bus and train stations from the property is very essential. If you save money on the property but end up wasting money and energy on travelling farther distances there’s no point. Having the best house in India is no use if your kid’s school is distant. Being able to access important places easily is necessary.
The thought of living in your dream home in the future manages to distract you from the fact that there is a strong possibility you might soon move out of that property soon due to some reason. In that situation, people occasionally understand the fact that the property they bought is suitable for them but not for someone else. This is why experts insist on the importance of Resale Value of the property. Determining whether the property has good resale value, if it will be attractive to someone else are things one must be clear.
Factors like the credibility of the property, parking, supplies, connectivity, proximity to metro/bus or train stations, upcoming infrastructure developments in the locality like roads or flyovers or proposed malls or any other developments that can take place in the vicinity of that project are important and must be duly considered to understand the resale potential of the property.
Occasionally in the past, it has been seen that after buying a property, people choose to not stay there due to some reason. They rent their property and live in a different home. In a scenario like that, if you learn that the property doesn’t have good rental prospects, it is disheartening. So before buying the property glancing it from this angle is also very important. This shouldn’t be a deciding factor but it surely is an important one. People looking to rent your property might be looking into proximity from top schools and colleges nearby or connectivity to other areas or various transport options. IF you take a centrally located property you will never face an issue in this concern.
Cross Ventilation & Flow of Natural Light into your home is an important aspect. They affect your daily lifestyle more than you know. A lot of apartments in India are oxygen deficient due to the lack of these both. Such homes become stuffy and suffocating. Checking the flow of light & air is very important. There can be buildings nearby that are blocking the flow of light and air, the balcony or terrace might be facing the opposite side, anything can be possible. When you visit the property, checking all these factors is very important.
Every residential property today comes with various amenities to choose from. To optimise the living experience of residents is what real estate developers today are focused on. A clubhouse, parking, lift, power backup, swimming pool and gym are some of the commonly offered amenities. Even if you are a simple person or a person who doesn’t need these amenities, ensuring all these amenities are available will impact the resale potential of the property. Anyways, amenities are something that everyone from the family or people close to you might need or even the future buyer of your property for that matter.
While visiting any property for sale, one must ascertain the quality of the construction used. Checking walls, overall look and feel, quality of finish, quality of paints used, wiring, fittings, tiles and quality etc. If it’s an under construction property you can ascertain all these facts only by checking the credibility of the property developer.
Some properties are exceptionally developed and have wonderful amenities but the road leading it is either too narrow or in ruins. If this approach road is not the main road, then the scope for development in this road can be less. On a daily basis, this might be tolerable to you but in the long run, it can be quite frustrating. This is the reason it is advised to glance the overall condition of the roads within 500 meters from your property.
Lastly, understanding the locality is an important task. Knowing what sort of people live in the locality, whether they are all from good family backgrounds is essential to the safety & wellbeing of your family members. Different families have different lifestyles and standards of living. They come from different backgrounds, having different styles of thought. People living in the locality make the locality what it is.
For any home buyer, it is tough to determine all these factors at one go. But is always advised that they must check all of this.
In today’s times when people are extremely busy with their daily lives, going on site and simultaneously checking all these things can be pretty meticulous.
Homes247.in, the leading real estate portal in Bangalore optimises all of this for you in a time efficient and a cost-effective manner to make your home search easy and successful.
We do an intensive screening process that checks all of this for you. Having on-site support we have regular updates on each and every property we feature and any other developments in the Real Estate Market in India on the Home Guide Section of our website.
When you get in touch with us, we already have the background checks on all the properties that you might be interested in. So, don’t worry. We’ve got your backs always!
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Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
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Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!
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As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.
Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!
We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
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At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.
On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.