5 Things to Consider While Buying Residential Property in Punjab

Whether you are a young adult buying your first house or are parents investing their savings of a lifetime in owning a home, buying a residential property is certainly one of the most crucial decisions of our lives. When looking for residential prospects, you may spend a lot of time scrutinising the realty market, and these options must be based on your residential needs and affordability. There are plenty of residential options available across the nation, especially in developing states like Punjab- which is increasingly shifting towards urbanisation and improvements in living standards.

However, there is a lot of energy and emotion involved in buying your dream home, and you and your family should not have to suffer if there are any discrepancy or negligence when making a deal. Follow our guideline to ensure that you are buying the right residential property in Punjab.

Keep in Mind These 5 Things When Looking for a Residential Property in Punjab

Finding a house and making a home out of it is certainly not an overnight job. We wish to uncover as many details about the deal as possible, but sometimes a few crucial details are overlooked. Read this guide that every buyer must follow when buying a residential property in Punjab:

Understand your needs

The real estate market in Punjab has a variety of options that suit the requirements of people from all walks of life. But before looking for prospects, you must decide what you require out of a residential property. You may consider factors such as your affordability, and family size. 

Observe the neighbourhood

Now you must research your neighbourhood first-hand to see if the project meets relevant parameters like proximity to institutions like hospitals, your office, schools, colleges etc. Many development projects Hampton Homes on NH-95 offer world class amenities in the township, like a multiplex, gyms, creche, co-working spaces, salons, recreational facilities and more. Moving in such townships can benefit your entire family greatly.

Make an inquiry about your developer

This is perhaps the most important step to ensure that you are not met with any financial discrepancies after making the purchase. Always cross check your dealer’s credentials to understand that your money has gone in safe hands. Select an experienced dealer whose delivery record is good. Their commitment to you should also meet your expectations of their execution. 

Review the plans of the development project

Do check if the amenities and specifications offered to you in the brochure or at the time of dealing are delivered to you or not. You can make a detailed query about the quality of material used in the building project, the size of the residence as promised, essential and recreational facilities etc. Remember to ask if the development project is approved by leading banks and financial institutions- so you can easily avail a home loan too.

Recheck documents before title deed

Always insist the developer to cross check and show a few documents to you- this may include the certificate of completion, and title deed (which should clearly state the transaction between the original owner and buyer). Ensure that the deed is made in your name. Essentially, double check documented details like PAN card, name and address (of the new house) and additional clauses for parking etc.

When scrutinised in time and with diligence, one can find great housing deals like a residential flats in Ludhiana, Chandigarh and Mohali. Additionally, this may be a beneficial time for one to invest in residential projects in Punjab because the state has witnessed state of the art government frameworks for its development. Request a consultation on hhomes.in today.