Wait a minute! Are you planning to buy a luxury home in Gurgaon? If your answer is yes, then take a pause immediately and read this blog till the end.
In recent times, Gurgaon has emerged as one of the fastest-growing centres of industrial and residential activities in north India. It is an ideal urban settlement for property investors, residential home buyers, entrepreneurs, job seekers and new businesses. Throughout the years of its resurgence, The city has shown enormous signs of sustained growth, received massive investments in terms of public and private infrastructure, and have successfully allured more than 250 plus MNCs and numerous fortune 500 companies in the city. So, there is no doubt that it is a city of limitless opportunities, delivering best in class infrastructure and convenience for people living and working there. But honestly, that does not relay a comprehensive picture of the whole reality.
Nine-Points-Proposition for New Home Buyers!
Now before we move further, I want to draw your attention to a newly launched residential township called Mapsko Mount Ville, offering ready to move 3 and 4 Bhk flats for sale in Gurgaon with a wide range of ultra-luxury amenities, superfast connectivity and a clean environment and that too at a comparatively low price. Mapsko Mount Ville Gurugram is a RARA Registered Residential township with a RERA number-HRERA 328 of 2017. So, you don’t have to worry about the legal authenticity of your rights as a home buyer. Besides, the presence of Aravalli hills further adds complement to its beauty and magnificence. To get more information about Mapsko Mount Ville Gurgaon and its Premium Hill View flats and apartments in Gurgaon, Just Click Here and visit the website now.
What is your budget?
The first thing you must do while surfing for new luxury homes for sale in Gurugram is to determine the budget. With a fixed budget, you know how much you are willing to spend to buy a home in Gurgaon. You can easily filter out properties that do not fit your pocket and eliminate a lot of confusion that would usually arise out of the abundance of properties in the online market.
Comparative Price Analysis
Compare the price of your chosen property with the properties offered by other builders in a similar price range. It will give you a clear idea of the average price range of properties prevalent in the market. A thorough comparative-price analysis would help you to figure out if your builder has offered you a genuine quote or not. There are many sources to which you can refer for price analysis. Some of them are portal listings, newspaper listings and property brokers of your area.
Check out the Carpet Area
The carpet area is the actual area that comes within the walls, and it includes your actual living, washing and cooking spaces. And the total built-up area that you see in an enlisted property also includes the area that falls under the elevator space, stairs, walls, balconies, railings, shafts. So don’t confuse your carpet area with the built-up area. Ideally, the carpet area is something that you should be more concerned about and it can be almost 30 to 35 % less than the total built area.
Verify the Land Records
The verification of the land record on which your property is standing is extremely crucial. So, before you buy a luxury home in Gurgaon, Go through the actual land records and verify the title deeds as it contains detailed information about the ownership rights. Also check the soil quality, and water levels and do some research on the topography of the land where your project is located.
Verify the Legal Aspects
Ask your builder to show all the necessary legal agreements and documents related to land acquisition, land records. Make sure that your builder has acquired all the legal permissions and NOCs from the respective area development authorities, water supply department, Village or municipal corporations and electricity boards. However, if you are applying for a home loan, then the bank itself will verify all the legal documents.
Possession of Properties
Delay in property possessions has become a common trend in India. This usually happens because of the delay that takes place in the overall construction projects. But as a home buyer, you should always have a clear idea about the final timeline of your property possession & limit. You Should ask your builder for a proper clarification if he is unable to deliver the property possession in a predefined time. However, you don’t have to worry too much if you are buying your property from a reputed builder like Mapsko Mount Ville Gurgaon. They are the big fishes and they are very much concerned about their corporate image.
Bank-Financing & Builder-Reputation
Find out the bank that is funding your builder. Usually, banks do not fund projects struggling with some legal dispute. Because of the bad reputation, banks deny allotting any big loans to a few builders. So before coming to a final decision, it is necessary that you, as a responsible home buyer, consult your issues with the bank that is funding the project you are thinking to invest in. Also, don’t forget to scrutinize your builder’s reputation. Check out his official portfolio. Try to comb his work history-especially the projects that he claims he successfully delivered, in detail. You can also talk to the homeowners and the investors who had previously collaborated with the same builder.
Builders & Buyers Agreement
When you pay the token amount for booking, you will get an allotment letter from the builder’s end. Then you will have to enter a tripartite agreement with the builder and the bank. This agreement is crucial as it binds you and the builders to pay the rest of the amount in a pre-scheduled time. Now, before signing this accord you should thoroughly scrutinize the tripartite agreement that you are about to sign with the builder and the bank. Critically analyze the clauses mentioned in the agreement, understand whether they are written in your favour or not and raise questions if there is any doubt.
Locational Advantages & Amenities
Consider these following factors-
- Is the location safe and secure for a residential living?
- What are the additional amenities you are getting here?
- How far is the bus stand, railway station & Airport?
- Whether the project is connected with metro lines?
- The number of reputed schools, colleges & universities
- The overall ambience of the surrounding areas.
- Distance & connectivity to multispecialty hospitals
- Are there any shopping & retail malls near the project?
- Find out the additional amenities you are getting?
For More Information about Mapsko Mountvillle Gurgaon Please Click here