This could range from an Apartment, Flat, Duplex, Pent house, Row House to a Bungalow.
Size of Residence:
Depending on your family’s requirements & preferences like the no. of rooms, balconies, etc. the ideal size of your home will be defined.
Location:
Proximity & convenience of access to work place, public transport facilities, market places, places of worship, schools, hospitals, etc should be taken into account while selection.
Surrounding:
The surrounding social and natural environment impacts the moods, behavior and general living conditions of the people. It also plays a vital role in upbringing of kids. When selecting a location for your home, safety against theft and anti-social elements, pleasant surroundings, the neighborhood etc should be taken into account.
Arranging Home Finance (Home Loan):
This factor needs a special attention as ultimately you have to arrange to pay for the cost of the property.
If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents,RTC etc. Consult an advocate before you purchase a property so that he can advise you.
The price that a property can command in the open market is known as its market value. Stamp duty is based on the market value or the agreement value of the property, whichever is greater.
This is a legal document that binds the builder to sell and buyer to buy the particular document. With this document there is an assurity that it cannot be resold to any other buyer without your permission as the sole rights of the property are then in the buyers hands.This document even helps you gets finance to purchase the property as it accounts for one of the most important document in Home loan approvals.
1. Carpet Area: This is the area of the apartment/building, which does not include the area of the walls.
Built up Area: This is the area of the apartment/building which includes the area of the walls also.
Super Built up Area: This includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc.
The valuation process evaluates the market value of the property. Demand and supply forces operating in the market, as well as other factors like type of property, quality of construction, its location, the local infrastructure available, maintenance, are all taken into consideration before the market value is decided.
The price that a property can command in the open market is known as its market value. Stamp duty is based on the market value or the agreement value of the property, whichever is greater.
