How to buy a flat in Delhi NCR?
Koheli
Investing in a new home or apartment is one of the
most important decisions of your life and perhaps one that you have cherished
since childhood. It is best to avoid spending all your income and savings at
once without taking into account the factors related to the purchase of houses
or apartments, as this could influence your current decision shortly.
Therefore, before making a choice, you must process all associated results.
Many people have always dreamed of owning an
apartment in a prime location. To buy an apartment, knowing and finding the
right place is essential. There are many options on the market, but finding the
right one for your needs can be difficult. People generally look for places
that fit their lifestyle and where they can get basic amenities within a
specific budget to spend less and save more. But it is not easy to buy an
apartment solely to satisfy one's psychological needs. If you are in front of
the lifestyle part, you must be in the area of your financial factor if you
want to settle in a place like Delhi.
Locality Selection
Whether buying a house or a flat in Delhi, you
should check out the best places to purchase real estate in Delhi/NCR. If you
are looking for affordable housing, especially in Delhi NCR, you should list
some sites where property prices have not increased yet. Instead of looking for
real estate in developed areas of the city, you can focus on new projects in
Delhi, Gurgaon, and Noida. These locations may not be fully developed yet.
Still, given the rapid expansion of Delhi/NCR and the growing demand for
housing, these locations will soon have good amenities and infrastructure. Many
builders and developers have their projects here and offer options for
purchasing apartments in Delhi / NCR.
Advantages of getting flats in the NCR region
1) The apartments meet modern infrastructure
requirements and guarantee top-notch security. The project developers used the
entire area efficiently to create as much space as possible.
2) Well-ventilated apartments in some prime
locations
3) The apartments usually have a nice view of the
garden or the playground. These companies have a robust backup system to take
advantage of uninterrupted power.
4) Many real estate companies make seismic
structures an essential safety feature.
Features you must consider before getting a flat
A famous saying says, Owning a home is a
cornerstone of wealth. What you mean by this is that before investing a
considerable amount out of your wealth, you must be armed with a plethora of
knowledge, especially before buying a flat in Delhi NCR.
Let's discuss some features first ;
Flat Carpet Area
Flat carpet area refers to the area within the
walls, excluding shafts, elevator space, parking lot, and balconies. In
addition, it is a good feature that everyone must acknowledge before moving on
to the price factor.
Legal Obligations
Statutory auditing of property and other assets is
a must. The best way to do this is to hire a lawyer. The lawyer will help you
find the right type of property for your needs. The interested party must
confirm suitable documentation before proceeding with the purchase.
Additional charges
The charges refer to applicable additional costs
that could arise from future contingencies and constitute an obstacle to the
real estate purchase. These must also be considered to stay within your
financially bounded factor.
Registration deed
A registration deed is a system of land titles
where all necessary documents relating to common law rights to land are
recorded in a register held by the state to facilitate the transfer of title. A
copy of the same
must be self-attested by the interested party
before the actual consideration.
How to get your property registered?
Follow the mentioned steps to register your property in Delhi NCR :
1) Create Real Estate Registration Deed
Visit the official government website to prepare a
registration deed online.
2) Calculate Real Estate Registration Fee and Stamp
Duty in Delhi
3) Select the sub-registrar's office next to the
property to be purchased.
4) Purchase of postage stamps at the required price
Stamp duty and registration fee are calculated according to the location, the
amount equivalent to the transfer of the current property, the primary area
ofthe property, the parking area, and the year of construction
5) Visit the website of Stock Holding Corporation
of India.
6) Click on Electronic Registration Services.
Finally, if you plan to buy a flat in Delhi NCR, you should consider all the mentioned tips to get a better quality of life and live the lifestyle you have always wanted.
Frequently Asked Questions