Vinayak Realtech

With a sale of  2.71 lakh units in 2023, India’s real estate market is undoubtedly growing faster than expected. Be it in Kolkata or tech cities like Bengaluru or Pune; the demand for flats is high now. And if you are also planning to buy a flat or your first home then you are at the right place. We know this process can be overwhelming and you might initially feel confused. So, today, we, Vinayak Realtech are here in this space to provide you with a comprehensive guide to how to buy an apartment complex.

Let’s start!                                                                       

 

1. Buy An Apartment Complex- Prioritize Your Needs:

We all have loads of dreams related to our home. However, keeping those 1000 thoughts in mind before choosing an apartment, can be confusing. So, if you pen down them you will feel more sorted.

For example, the amount of carpet area you want, the kind of interior you want, etc. Could you make a list of them first?

2. Choose the Location:

Once you are sorted with the demands you have, it is time to decide the location you want to live in.

 

Here is a list of points you should consider before choosing a location:

• Make sure that the location has life amenities such as hospitals, schools, markets, etc.
• Have a look at the law & order of the area.
• Research the water logging issues in the area.
• Try to have a location that is closer to your office.
• Always buy properties in the area that are growing in nature, to get a resale value.
• Try to understand the culture of that location.

 

Never compromise any of the points mentioned above. For example, if you buy a property in an area that has water logging issues, no matter how valuable the property is, you will not be able to live there.

On the other hand, always buy property in a growing area. Instance, Rajkunj is the latest project of Vinayak Realtech and it is located in the Newtown area. This area is known to be the second IT hub of West Bengal. So, if you buy a property in Newtown, Rajarhat area, getting a tenant or seller is easier because every day a bunch of people are coming from all over India to work in that area. So, always buy a property in a growing area. It ensures the future of your property.

3. Buy An Apartment Complex-Set a Budget :

After finalizing the area and demands; it is easier for you to set a budget. However, do not burn yourself.

Keep in mind that there are a lot more costs after buying the flat. For example, there are expenditures such as registration fees, interior decoration, etc., waiting for you. So, be careful while setting your budget.

4. Research Online:

The Internet is the best place for finding flats. Use the location and budget as keywords for this.

However, you can hire a real estate agent to save your time and to do this princess with ease.

Here are the advantages of hiring a real estate agent:

• A real estate agent has a lot of options. So, one can choose a property within a minute.
• You can save your time.
• The agent helps in the buying process. So, it is like having an experienced person as a mentor.

5. Choose a Reputed Builder:

It is one of the crucial steps in your flat-buying journey. When you are doing any research online or getting suggestions from your agent; make sure you are checking out the flats made by reputed builders only.

Here are the reasons for this suggestion:

• Reputed builders maintain strict legalities about their projects to avoid any clash with the government.
• They try their best to keep every word to ensure consumer satisfaction.
• Top real estate builders have a strong financial base and complete projects on time.
• Most of them have great post-sales services to ensure a loyal consumer base.

 

So, when you buy a property from a reputed builder you ensure a legal, and hassle-free property buying.

6. Hire a Lawyer:

Real estate has a lot of legalities. Any mistake on this can lead to fraudulent activities in the eyes of the government of India and there is a chance that you might lose the ownership even.

So, the best way is to hire a lawyer. Your lawyer will check the legalities of the land and the project on behalf of you. This ensures the future of your property.

7. Have a look at RERA:

RERA stands for Real Estate Regulatory Authority. It is the government authority that controls every real estate activity in India.

You can get all the necessary information about your desired flat and complex from the RERA website.

We would recommend you to do this step by yourself, instead of relying on your lawyer blindly.

8. Manage the Cash:

You need money to buy your dream property. So, before jumping to the buying session, it is important to arrange the cash first.

If you are planning to take a home loan to buy a flat, you need to start research at an early stage. You have to compare the interest rates between different companies, the pros and cons, etc.

9. Don’t Skip Physical Inspection of the Property:

Do not buy any property without direct inspection. A property inspection will reveal any maintenance issues or damage that could otherwise lead to unexpected expenses.

You can always have an experienced person with you during this, to understand things better.

 

FAQs: Buy An Apartment Complex

 

What is the price range of properties in Newtown, Rajarhat?

That depends on the amenities of the property. However, you can get both affordable and luxurious property here. To do this, you can check out the Vinayak Realtech website directly.

How can I check the amenities of a property?

Physically visit the property for this. Check every minute detail such as water service, lift, security etc.

Additionally, always buy a property from a reputed builder. Mostly they keep their words for the sake of consumer satisfaction.

Moreover, you can get help from any experienced person for this. Ask for their help during the physical visit.

Is hiring a lawyer mandatory to buy a property?

Well, it’s not mandatory. However, this will secure the legalities of your property. A real estate property involves a lot of rad tapes that are beyond the understanding of any common man.

A lawyer can check all the papers on behalf of you and ensure the legalities. Any mistake on this can lead to a legal violation.

 

To Conclude: Buying a property is exciting yet hectic and a huge responsibility. One needs to be very careful and should have a look at all the details of the project. Don’t just get lured by the look of the project or any other amenities. It will cost you a lot.

Hopefully, these tips will help you in this home-buying journey. Best of luck, folks