7 Major Parameters for 2 BHK Flats
One of the largest cities of Uttar Pradesh, Allahabad has been witnessing ample number of developments over the last few years. Whether it is about emergence of new schools or colleges, excellent infrastructure or stating of factories, each and every aspect of the city is experiencing the flavor of development. Real estate industry too has been a major part of this extensive development.
Many residential projects are brimming up in various parts of the city, whether under the famed builders or with new developers. Even more and more people nowadays prefer to buy 2 BHK flats in Allahabad for several factors, including increased security, less maintenance responsibility, more amenities, etc. But before you jump upon buying one, look out for the following factors:
1. Builder’s Reputation:
Checking developer's credibility is one of the foremost things that one needs to see before buying an apartment. It is necessary to look for the projects completed by the builder in the past and whether they have been delivered well on time. Online reviews or consulting the clients who have prior experience with the developer are some other ways to get genuine feedback about the builder. Visiting the site also lends an idea about the project and its progress.
2. Title of the Building:
For an investor, it is very important to know whether the builder hold the rights to sell the apartment or not. A simple way to relieve from confusion is to check whether any of the banks have cleared the property. This is because banks generally perform strict checks on new residential projects so that the aspiring buyers can get their loan petitions cleared off easily.
3. Legal Status of the Project:
Once the individual is certain to buy 2 BHK flats in Allahabad, he must look for two major certifications - commencement certificate, which is issued by the corporation or local authorities, and project completion certificate, which is issued by the concerned authorities.
4. Projects Considered:
Consideration of innumerable projects is important, both for experienced and first time buyers. The individual must buy 2 BHK flats in Allahabad only after seeing plenty of projects. Settling on a single property right away is never a good option and may cost you more in the long run.
5. Location and Direction:
Checking the location and where the particular flat falls in the overall project layout is significant to consider. Visit the site and look for the space each room in the flat faces, in order to avoid any surprise later on.
6. Floor Plan:
Properly understand the floor plan of the property. Check for each room's dimensions as the actual carpet area is always lesser than what has been quoted in the listing. Try to determine if your furniture can fit in or if there is some scope to make modifications internally.
7. Project Phase:
Project phase is another factor on which the price of the property depends. Generally, there are four phases of a property, including pre-launch, launch, completed project and community. While there are few risks associated with the first two stages, it is quite safe to buy 2 BHK flats in Allahabad when they are within the next two stages. This is because you can see the actual constructed property and even speak with the people who have already moved in.
By considering the above mentioned parameters prior to making a real estate deal, the individual can always get good return on value for his/her money.