Noida is the preferred destination for homebuyers who want to settle in the national capital region. This is because families can still afford it, and the government is improving infrastructure and civic facilities for a long time.
2. Introduction
Noida is a preferred destination for
homebuyers looking to settle down in the
National Capital Region. This is because
homes are still affordable and the
government is improving the infrastructure
and civic amenities with passing time.
However, while there are ample 3 bedroom
designed flats in Noida, there are a few
things that you should check before signing
on the dotted lines.
3. Approval and Licences
• Check the builder’s paperwork
• Make sure the following are in order:
Commencement certificate
Environmental clearance
Approved building plan
• Also check the title deed to verify ownership
• Builder should have the right to develop and
sell properties
• Ask for the following as well:
Encumbrance certificate
Approvals from the local bodies
Property tax receipt, if you are buying
the flat as a resale
4. Financer for the Project
• Find out who is financing the project
• Get the name and address of the banks
• Get in touch with the banks
• Find out if they are funding the project
• Opt for the bank with the lowest interest rate
5. Verify the Developer
• Do your due diligence when it comes to
the developer
• Ensure the land is not disputed or under
litigation
• Verify the existing and finished projects
through real estate forums
6. Find Out the Total Cost
• Calculate the total cost of buying the flat
• Some of the costs that you should consider
include:
Internal and external development fees
Preferential location costs
Parking, club, and statutory fees
Service tax
• These additional costs will allow you to
ascertain whether you can afford the flat
7. Find the Right Payment
Plan
• Calculate the total cost of buying the flat
• Some of the costs that you should consider
include:
Internal and external development fees
Preferential location costs
Parking, club, and statutory fees
Service tax
• These additional costs will allow you to
ascertain whether you can afford the flat
8. Conclusion
These are some of the things that you should
consider when checking out 3 bedroom
designed flats in Noida.
Checking these factors will ensure you make an
informed purchase decision.