Buying Apartments in Chennai: 5 things to Know

Posted by realestate986 on July 31st, 2017

Chennai is at the centre of all the hustle bustle in South India. With crowded streets and rich culture, the city offers a once in a lifetime experience for everybody. Are you looking to buy an Apartment in Chennai? Here are five things to keep in mind before you finalise your purchase.

Chennai is the capital city of the Indian state of Tamil Nadu and is located on the Coromandel Coast of the Bay of Bengal. It is the biggest cultural and educational hub of south India with various Universities in its vicinity. Chennai is the fourth largest city in India and is also the fourth most populated city in the country. The city is a hotbed of tourist attractions and gets the most number of foreign tourists than any other part of India. The city is densely populated, and hence apartment becomes a viable choice of residence with the least amount of hassle. Here are five things you should know before you finalise your apartment purchase in Chennai:

1- Keep the Weather Conditions in Mind

The city of Chennai resides on the Coromandel Coast off the Bay of Bengal. Due to this location, the city experiences heavy rainfall each year with the onset of monsoon. An average of 55" of rainfall is recorded annually with few areas or Chennai getting affected extensively. These areas are prone to water logging and a shortage of clean drinking water. Ensure that your apartment does not fall in one of these areas, to avoid hassle for drinking water in the near future. The city is also subjected to the wrath of cyclones from the Bay of Bengal; hence make sure that your apartment is in a safe and disaster ready zone.

2- Avoid Under Construction Projects

There have been several cases in Chennai, where many years have passed by yet the construction of a building has not been completed. People are stuck in a situation like this because they decided to buy the apartment during the construction phase without checking proper papers. Most constructions halt due to the malpractices of the builder which makes the people suffer. Hence, you should avoid investing in under construction properties unless reputed builders are backing them. Although ready to move in Apartments in Chennai might cost you more, you will be able to guarantee a return on your investment at the least.

3- Do not be fooled by Paid Parking Spaces

Often, builders disguise common areas as parking areas and then sell them to you as personal parking space. It's illegal, as the area has been already paid for by the whole building. It should be free, but the builder will sell it to proposed buyers to increase his/her profits. Hence, check the building plans beforehand to identify common areas that are disguised as parking spaces. This way you can avoid getting duped.

4- Water Damage

If you are buying a property in resale, ensure that it does not suffer from water damage. Most parts of Chennai experience heavy rainfall during monsoons, which is bound to create problems for residences as the time passes. Hence, it is a good idea to check for water damage in a resale apartment as it could save you tonnes of repair money in the near future. Water Damage includes damaged walls, seepage, cracks and broken pipes.

5- Check all legal papers and the builder’s credentials

Most builders in India increase their profits by opting for malpractices, which includes Occupying land illegally, illegal construction plans, Corruption, Dilution of construction materials and a lot more. Hence, if you want to avoid such malpractices, then you should do a thorough background check on your builder to ensure his reputation. You should also make sure that he/she is recognised by the builder’s association and the government locally.

All in All, Chennai is an excellent city to buy your next apartment. With a unique culture and rich heritage, the city of Chennai will not fail to make your stay a pleasant experience. The above-stated points will help you avoid legal troubles and chose the best apartment in your budget.