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4 factors you shouldn’t ignore before buying an apartment in Chennai

Have a look at factors to ensure a smooth transaction while making your first investment on realty sector 

Thursday August 24, 2017,

3 min Read

Planning to buy a dream home is a definitive goal in the lifetime of a human being, for which they spend most of their hard earned money. As it involves a huge amount of investment, a potential buyer should always consider doing proper research about the project that they have in mind. It is normal for a customer to have queries about the project that needs to be clarified before he/she decides to buy apartment in Chennai. Here are some of the factors that shouldn’t be ignored.

Authenticity of the approval certificates and licenses:

There have been many cases about fraudulent real estate agents and builders who produce duplicate certificates to their customers without proper approval and seal from the authorities. Check whether the builder has CMDA approved commencement certificate for the project. Ensure that the property is legally approved and the plans of the building are accepted by the authorities to prevent any complications in the future.

Reputation of the builders involved in the project:

Reputation of the builders should also be considered before taking the big decision. Look for builders who have developed quality projects under their name. The builders that you choose should be trustworthy and transparent in all transactions. Try to communicate with their previous customers to find out if they are reliable. If you want to buy new flats for sale in Chennai, then it is better to be well informed and clear about the choices that you have in hand.

Amenities that are offered with the project:

Find out the basic amenities that the builder provides for its residents at their convenience. A resident dwelling in the apartment should be able to get all the commodities and services that he/ she needs on a day to day basis. Most of the new apartments for sale in Chennai offer all these facilities to their residents inside the gated complex. These amenities include a supermarket, ATM, play area for kids, pharmacy, swimming pool, library, etc.

Know about the total number of units in the apartment:

Some builders do not follow government norms and regulations that should actually be followed. They build more than they shouldn’t, which might have serious ramifications in the future. Builders who develop high rise apartments tend to do this by building higher levels of floors without proper approval. Find out the exact value of the carpet area in the apartment unit because builders usually state the super built up area, which includes the thickness of the wall and proportionate common area like staircase area, lobby area, etc. As a resident living in an apartment, you will be using only the carpet area and it is vital to know the same.

After considering all these factors, do visit the construction site in person to assess the quality of the materials used, the pace at which the construction is in progress and also the overall quality of the project. It is always advisable to consider the opinions of the people living nearby.