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4 Important Factors One Should Consider Before Buying a House
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4 Important Factors One Should Consider Before Buying a House

Buying a house involves lot money, which a person has earned over a period of time. No matter what budget a person has for buying a house, for him/her it is a huge amount. So, if it is huge amount then it should be invested responsibly. Don’t you think? Buying a house is not our day to day activity in which we have a lot of expertise. Therefore we much carefully look into this matter and should associate with someone who has full knowledge about it. Buying house involves lot of paper work and background check. There are two ways in which we can move ahead, first, is by becoming an expert in it which seems very time consuming or second, buying in the property in the safest place.

Real Estate market is very dynamic in nature. No matter what is the purpose of the individual for buying, it can be investment or self-occupancy. Either way it involves outflow of money. Buyer always wants his money to be invested in safe and secure place. This is only possible when some of the important things are taken care.

Things Such As:
  • Verify the Title Deed
  • Property Tax Receipts
  • Check Encumbrance Certificate
  • Conversion Certificate or KLU Certificate in the case of converted land
  • Sanctioned Building Permit
  • CRZ Clearance certificate if applicable
  • Environmental Clearance
  • Mandatory No Objection Certificates (NOCs)/ Sanctions
  • Check RERA registration
  • Occupancy Certificate

This seems to be a lot of things. One may feel very hectic to touch all the above-mentioned aspects but it can neither be skipped. There another simple way which can be useful for most of you. There are 4 important things which needs to be taken care for buying a house. They are:

1. Pedigree of the Developer

With so many Developers being unable to complete projects, going into debt, or going bankrupt, it’s more important than ever before to understand the pace of completion of previous projects, the financial status of the developer, and even the banks that are lending to them. This sort of due diligence will save you a lot of pain in the future. Go for renowned developers with a proven track record. A reputed developer will be a member of industry associations like Confederation of Real Estate Developers Association of India (CREDAI) or the Builder’s Association of India (BAI). These bodies have strict norms for builders and deviating from them can lead to the company being blacklisted by the associations.

2. Legal Matters

Check to see if the property has been authorized by the local government and has received all NOCs such as the IOD and the CC from the local authorities. Check the land rights and records as well, to make sure everything is above-board. You can hire a lawyer to conduct the due diligence.

3. Hidden Charges

Understand all the documents in detail and raise any questions or doubts you may have. Keep in mind other charges such as GST, registration charges, etc. Check with an accountant if all the documents are in order, and what other charges you can expect to pay.

4. Location

This isn’t a lesser-known fact, but it deserves mention because of its importance. One thing you can do is visit the site, and explore the vicinity. You can also time yourself to the main points of travel that you will be using regularly, like a metro or train line. Additionally, check the location out at different times of the day as well, since traffic at night will differ from that during the day. Ideally, understand the traffic flow around the times you usually would leave to and get back from office.

These are a few of the several basic due-diligence tasks that must be done before signing on the dotted line, as they will materially affect your peace of mind, and will have your financial issues in the long run.

During the pre-RERA scenario, builder used to delay the possession dates because of which people used to suffer a lot. As the amount is blocked with the builder, they were helpless. Builder didn’t used to provide with everything which was promised and many other issues were existing which made the buyer’s life more difficult. After RERA these things were solved, thanks to the efforts of the government to implement it and made the real estate sector more transparent.

4 Important Factors To Consider Before Buying a House:

Q. I am planning to buy a house in Dombivli, which builders can I go for?

Answering to your question, Dombivli has some reputed builder which you can go for. As most of the problems are solved when one goes for a reputed builder.

1. Lodha Palava Codename Smartbuy:

Lodha Developers, India’s No 1 real estate developer has launched a new project under the code name ‘Smart Buy’. It is located in Manpada Road, Dombivli. Lodha Palava city has now been ranked as No.1 ‘Smart City’ in India. ‘Smart Buy’ as the name suggests it has unique advantage of location and connectivity. This project has various features such as affordability, connectivity, livability and accessibility. As the project is recently launched it is expected to be completed by 2022. The prices start from 37 lakhs with various options of 1, 2, 3 BHK’s. This is a once in a decade opportunity for buying this house at this rate along with various features.

 Location:
  • It is just 5 mins from Kalyan – Shil road.
  • Dombivli Station is just 15 mins away.
  • Nilje station is 15 mins away (connecting Diva, Panvel and Vasai)
  • Airoli is 20 mins away and future development of tunnel road will reduce the time further.
  • Upcoming Airport is 30 mins away.
  • Upcoming metro stations are just on a walkable distance. (3 Metro stations near Palava City)
  • Shuttle services are available on paid basis for Mumbai for office going people.
Prices:
1 BHK WITHOUT BALCONY420 SQ.FT  USEABLE AREA37 LAKHS  
2 BHKOPTIMAWITHOUT BALCONY519 SQ. FT USEABLE AREA45.5 LAKHS
2 BHKULTIMAWITHOUT BALCONY588 SQ. FT USEABLE AREA51 LAKHS
2 BHKULTIMAWITH BALCONY632 SQ. FT USEABLE AREA57 LAKHS
3 BHK WITH BALCONY714 SQ. FT USEABLE AREA65 LAKHS

Lodha Codename Smart Buy | The deal of the decade:

2. Ruwal MyCity:

Established in 1978, the Runwal Group is one of Mumbai’s premier real estate developers, operating in the residential, commercial and organized retails verticals. With a robust track record of 51 delivered projects with over 20 thousand families happily living, the group has continuously striven to keep the ‘customer’ as a focal point in the designing, planning and construction of all its projects.

Location:
  • 45 Min Drive from South Mumbai (via the Eastern Freeway)
  • 30 Min Away from The Upcoming International Airport
  • Connected by Rail. Nearby Stations Include Dombivli, Diva & Kopar, Vashi & Nilje
  • Situated at the Centre of the Economic Triangle of Navi Mumbai, Thane & Kalyan
Prices:
1 BHK33.3 Lakhs onwards
2 BHK45 Lakhs onwards
3 BHK76 Lakhs onwards

Possession: Already Started allotting the flats.

Actual Video of Runwal MyCity, Dombivli Mumbai:

3. Runwal Gardens:

Established in 1978, the Runwal Group is one of Mumbai’s premier real estate developers, operating in the residential, commercial and organized retails verticals. With a robust track record of 51 delivered projects with over 20 thousand families happily living, the group has continuously striven to keep the ‘customer’ as a focal point in the designing, planning and construction of all its projects.

Prices:
1 BHK353 Sq. Ft.38 Lakhs onwards
2 BHK504 Sq. Ft.54.27 Lakhs onwards
3 BHK908 Sq. Ft.92.04 Lakhs onwards

Possession: 2023 

Location: It is located Manpada road, Kalyan shil road, Dombivli East.

Actual Video of Runwal Gardens, Dombivli Mumbai:

For Site Visit & Queries Call- +91-7428091724

You can watch the actual videos of other residential projects of Navi Mumbai Click here

You can also check some other residential properties in Navi Mumbai Click here

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