For education to IT jobs, Delhi-NCR is flooded with people looking for real estate properties.
Hence, it is very vital to be careful before you invest in real estate properties in Delhi NCR so that you make the most out of your investment.
Here is a list of things that you must keep in your mind before buying a property in Delhi-NCR.
- Be thorough with the documents
The land governing authority of Delhi, GNCTD(government of the national capital territory of Delhi) is very critical of the authenticity of the documents required for owning a property in the area.
Sale deed, mutation register exact, NOC, building plan approval, khata certificate etc are some of the important documents that you must keep sorted before buying a property in Delhi-NCR.
Make sure you are well aware of the builder and the real estate agent or broker as these people will play a very big role in the quality of your property deal.
Delhi-NCR is filled with genuine and not-so-genuine builders and brokers. Make sure you hunt the best ones for yourself.
- Proximity of facilities
If you are considering buying a property in NCR(National capital region) in areas like Gurugram, Ghaziabad, Meerut etc.
Make sure you are considering all the amenities are available in near proximity to you within two kilometres of your property.
For eg, hospitals, schools, tuitions, gyms, grocery shops etc. As many areas in NCR are still not very crowded and hence it can be difficult to find all these amenities in near proximity.
You must also check if the area has good connectivity with public transport like the metro.
Speaking of transport, if you have a personal vehicle or are planning to buy it in the future, make sure you also consider the garage system of the property.
As Delhi-NCR is flooded with cars and bikes, garages can be a little difficult to hunt in properties here.
- Analysis of usage
The price of real estate with most probably will increase in a few years in Delhi-NCR because of the humungous increase in demand for properties in these areas.
So when you buy a property here make sure you are considering buying it for the long term.
Analyze if in coming years, would you like to own a duplex, a bungalow, or a flat, what area in Delhi-NCR is the most suitable for you according to your job location etc.
Also, consider if you will be able to put it out for sale or rent if required in future.
- Preferable areas for buying a property
Delhi-NCR is huge and you might be confused about which area will be the best for you to buy a house. Here are some areas that you might wanna check out:
Uttam Nagar (West Delhi), Nawada (West Delhi), Khanpur (near Saket), Bharat Vihar (near Dwarka), Ghitorni ( near Vasant Kunj) etc.
These are some of the areas that have good properties at reasonable rates, and the possibility of greater returns in the future.
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