Investing in Residential Projects in Gurgaon? Keep These Points in Mind!

Posted by Bharat Rawat on December 29th, 2016

The main motive behind purchasing a property may differ from one person to another but it’s a major financial move that deserves to be planned and executed in a careful manner. You may come across a broad range of alluring properties that may promise high return on investment, but it’s best to investigate the pros and cons before you take the leap.

A list of factors that you should consider before buying or investing in residential projects in Gurgaon has been defined below.

Legal Check

The first and the foremost rule of investing in a property is to make sure that the plot is clear of all legal titles. Thoroughly check the legal history of the land – whether it holds any rights of a second party or has been a matter of case in the court, etc. Get the ownership papers inspected and buy the property only when you’re fully satisfied.

Rights for Delay

The second point that needs to be kept in mind is that it’s always better to invest in residential projects in Gurgaon that are ready to move in. It has become a common thing to see that investors complain about the invested property’s development delays and go through the financial hassles associated. If you are investing in a soon to be developed or under-construction property, regularly enquire about the development from the builder.

Say No to Reserved Lands

With an innumerable amount of property fraud cases being registered every day, don’t be surprised if you end up investing in a property that’s already reserved. Make sure that the plot you are planning to purchase is not built on a land that holds reserve rights of the Government of India for their own purposes.

Developer’s background check

The real estate market of India, especially Gurgaon is flooded with a mammoth of real estate developers that claim to be genuine and offer the best of services. But are they really genuine? The best way to find out is by inspecting about the history of the builders and studying their past track record. Enquire about their previous projects before you finalize a deal.

Ask for Important Documents

Of the above mentioned points, this one holds utmost importance. Before giving the token amount for the property ask for all the required documentation such as property tax receipts, transfer of ownership papers, etc. and get them inspected from a lawyer.

Bear in mind the points mentioned above and we’re sure you’ll crack the right deal when investing in residential projects in Gurgaon.