Things to remember while buying Flats in Bhopal

Posted by belief bhopal on May 28th, 2016

If you are planning to buy flats in Bhopal, indeed it is a very important decision to make. There are a variety of cases where a buyer is many a times misled by the builder and is not alert about the facts and figures of the flat at the time of buying. There are several problems which a buyer faces based on the inappropriate authentication and carefulness. Here are some tips which should be considered before buying flats in Bhopal or anywhere else.

Make sure that it is not on an illegally occupied land:-Before you invest in Bhopal real estate, you should confirm that you find out about the any types of legal issue with the land on which the flats are built. The property must be free from any legal troubles and in case it has any legal issues, you might have to abandon the flat in near future for unacceptable reasons. You must also make sure that builders in Bhopal should have a standard plan and in case it is a ready to move in apartment, ask for the completion certificate from the builder. In case the flat is under construction, you must ask for the initiation certificate from the builders in Bhopal.

Have Permission from the Government:-The property on which the flat is being constructed should have legal permission by the government for construction. As per the government records, the property should come under the category of the ‘build-able’ land. If the property doesn’t have the permission, it will be considered as illegal construction. An authorized building plan will be the best to invest in.

Property Taxes:-It is very imperative that the property tax for the land is paid on a regular basis to the concerned divisions and that the amount you are paying is in accordance to the property rates in Bhopal. The payment should be made in advance and also the builder should give you with a receipt of the latest tax payments.

The possession of the flat:-The investor should ensure that the flat has the right ownership and has surpassed all the legal formalities. Ensure that the owner owns the building legally.

Flat pricing:-Another important point to consider while buying flats in Bhopal is to verify and compare the prices of flats. make sure that you are well conscious about the current market prices and the rate offered to you should match the built up area, carpet area and the super built up area. If you have no idea about the theory, you can always question the builder about it.

About Stamp duty:-The stamp duty should be paid only on the purchase of the flat and the investor should enquire with the builder to reveal the hidden costs in the transaction process. The complete actual cost of the purchasing should be calculated by considering the stamp duty, registration and other charges.

Facilities:-The buyer should make sure that he is well aware about the amenities that are being along with the flats in Bhopal. If there is a membership fee on any of the facilities, the buyer should find out and bargain with the builder.Follow these tips at the time of buying property in Bhopal and make sure that you are not being cheated or misguided by anyone.