Planning to book your flat? Here are some important checklists to consider
Are you planning to buy your flat? Whether you are planning to buy a 1 BHK flat in Kolkata or in case you want to acquire 2 BHK flats in Kolkata, but you must realize that this is an asset which you will create for your lifetime. It may involve your lifetime savings. It is also likely that you will have to go for a loan to buy the same. You need to be considerably careful before you buy apartments in Kolkata or elsewhere. The following are some important points which you must consider.
Be sure of what you are promised
When you buy any property you must be sure of what was allotted to you and what is mentioned in the agreement. It is possible that there may be discrepancies in what you were promised and what you actually get. It is because of this that it is always best to buy properties in Kolkata only from the more reputed and reliable property developers.
You must ensure to check the details of the property
It is always advisable that you do a actual physical check of the apartment you have bought. You must check this against the area which has been mentioned in the documents. As a property owner you should be aware of some real estate terminologies like built up area, carpet area and super built up areas. Understanding of these basic terminologies will help you to ensure that you are not taken for a ride.
Actual Costing Involved
When you are buying a flat, you may be asked to pay in various stages. There are also some upfront costs which may be involved. Make sure that you have a complete understanding of all the payments which needs to be before acquiring your flat. This will help you work out your budget and overall all finances.
In order to lure property buyers several payment plans might be offered to them. These may be construction linked payment plans, down payment plans and also flexible plans. You must take note of the entire payment schedule and thereafter ensure that the payment is being demanded as per the schedule.
Date of Possession and terms in case of a delay
You must be aware of the fact that project delays are common in India. It is seen that it is the property buyers who have to bear the brunt of any project delays. These may also be significant cost escalations. So before the deal itself you must get to know the exact date of possession and also the terms and conditions in case there is a delay in handing over the property as promised initially.
Choosing the best strategy for exiting a failed real estate deal may be just as important as buying one. So you need to carefully check the exit options before you invest in the real estate deal.
To conclude we can say that while buying property you must be extremely sure that you take all adequate safeguards. However, the best strategy while buying flats in Kolkata is to be the same from the reputed and reliable developers. We at Ushashi are one such very reliable developer who brings for you the best real estate projects for you in Kolkata.