Tips to Buy residential property in Delhi

Before you buy a residential property, you should be able to think about its positive and negative sides. Chanakyapuri, Lutyens Delhi, Golf Links, Sunder Nagar and Jor Bagh offer both individual houses as well as apartments for residential purpose. Most of the residential properties located in these regions are bungalows offering a lavish lifestyle. Once you decide to buy a residential property you would have to look for a number of things, which are, mentioned hereafter.

Need comprises of several factors:

    Accommodation: This is one of the important factors while buying residential property whether it’s Delhi or anywhere that how much people it can accommodate. As when you have kids and parents are also there it is very important.

    Area of the Plot:  This specifies amount of land on which flat is built .In this carpet area and several more factors are involved and builders charge you by this factor in Delhi.

    Preferred floor: This is a main consideration when your kids are very naughty and also some people have severe heart problems for that most people prefer first and second floor.

    Preferred Location (park/road facing etc.) : Actually this factor charges heavy amounts from the buyers when you have apartment facing mall, parks  or roads then automatically your flat costs much higher than the people buying same area flat but in interior location.

    Preferred Locality Property ownership (lease/free hold): This is the main thing that the property you are buying should be free hold neither it should be on agricultural land nor forest area.

    Price range: Price is basically decided by the builders on many factors like presence of all the basic amenities’, posh areas

    Room sizes: Room sizes should also be seen accurately while buying residential property so that nobody can bluff you at the end.

    Builder's/Govt. Properties: You should also investigate about this builder’s other properties also as they are having valuable permission from authorities or not.

    Parking: You should also make sure that they provide plenty of space for your vehicles so that they are not spoiled during rainy season.

    Servant Quarter: Servant quarters should also be nearby so that normal life can be easily dealt.

Other requirements: like distances from Bus/Rly station/Airport, Schools,
Markets etc.

here it is essential to mention that it is very rarely possible to get everything (listed above) to your choice in one property but you can try to find out the maximum of above while selecting your property. Remember, more the positive points, more would be the price. Once done with the above, you should decide the time of your purchase

After you have decided the suitability of the properties seen, you can select the best ones in your wish-list. Then checkup the following :

Who is the promoter?

Has the real estate agent who has shown the property to you, given you the complete information?

Is the property title clear?

Are there any other complications?)

Whether the price is right? (Again this can be verified from people in the vicinity)

What are the common areas and what is status of ownership?

Permissions required from Competent Authorities?

Ask for a draft of Agreement to Sell to be signed (if you intend to enter into a transaction) Once you have decided to buy a property after checking all the above details you should try to get all the terms and conditions of sale and purchase in advance before you part with any amount to the seller.

Apart form the basic amenities of water, electricity and proper sewage facility Delhiites also look forward to other possible facilities like parks, parking space, club house, security, elevators, gym facilities and whether the residential area is in close vicinity to the shopping and commercial areas.

It is a responsibility of the civic or municipal authorities of Delhi to ensure a safe, clean and sustainable environment in the residential properties. While developing residential projects the civic authorities should ensure that the areas have ample of foliage to decrease the pollution. All measures should be taken to make Delhi the first choice of people rather then people fleeing away looking for a shelter somewhere else.

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