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Things to Check When Buying a Flat

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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.

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Things to Check When Buying a Flat

  1. 1. Things to Check When Buying a Flat
  2. 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. 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. 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. 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. 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. 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. 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.
  9. 9. Contact Us Address: Plot No. 01, Block CC-1, Sector-32, Noida - 201301 Uttar Pradesh, India RERA no.: UPRERAPRJ3011 Website: http://www.wavecitycenter.in/irenia.php
  10. 10. THANK YOU

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