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  • By Anupama |
  • Apr 25,2018

10 Things To Consider Before Purchasing Flats And Independent Houses In Hyderabad

Owning a house brings a sense of pride and freedom, to an individual and its family. One puts a lot of his hard earned money, time and energy to buy a home. We all know an age-old English proverb, "Precaution is better than cure", which can be applied while buying an immovable property. Whether you are considering to buy a home - flat or independent house in Hyderabad for the first time or second time, you have to be extra cautious and make all necessary verification of documents, property specifications and other criteria related to neighborhood, bank loan facility, connectivity, drainage, water supply, etc.

Below, we have mentioned a list with some of the factors to be considered before buying a flat or independent house in Hyderabad city.

1. Title Deed: Its a document outlining the chain of ownership on a property. It is important that you check the title deed and confirm whether the seller of the property - flat or independent house, has the right, title and absolute capacity to sell it.

2. Land Use Verification: Verify the land use area as per the city's master plan for the plot. This plan is available in all city's local body offices.

3. Release Certificate: If you are buying a resale property, you will have to get a Release certificate from the bank, which signifies that the loan on the property has been repaid.

4. Encumbrance Certificate: This certificate proves that the land is free from all legal dues.

5. Local Body Approvals: It ensures that the entire layout has been approved by the development corporation and the local authorities of the Hyderabad city.

6. Property Tax Receipt: Tax paid receipts are important and should be verified as the tax collected is based on the extent and build up area of the property. Also, check for any pending bills as non-payment of it, authorizes the governing bodies to impose a penalty on the property.

7. Bank Finance for the project: Find out the banks that are ready to fund the project and loan at the lowest rate.

8. Size of the Flat or Independent House: Check out the carpet area of the flat or independent house that you wish to buy. Builders usually provide super built-up area details to you which can be almost 30% more than the carpet area. It is advisable to understand your requirement and then search for the right size property. Reliable property portals like proppick.com, provides you with detailed information of the flat or independent house very clearly.

9. Infrastructure plans: If you are buying a flat in an apartment or house in a gated community, check out the amenities or facilities they are providing to you. The drainage system, water and power supply system are the basic requirements and should be checked before finalizing any property, as they can become a big headache after possession to get resolved by the new owner.

10. Check the site: It is possible that the actual layout may be different from the reality as shown in the brochure. Therefore, it is recommended to do a thorough site visit before booking any property. Interact with neighbours to check any legal disputes related to the property, connectivity to other locations, transport facility, etc. You can checkout genuine properties from Proppick which provides you all property info, quickly and accurately.

Buying a flat or independent house in Hyderabad is a huge financial decision, so ensure that to do it properly. Self-help is the best help and one must do due diligence before buying any kind of property.

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  • By Anupama |
  • Apr 02,2018

Why Gated Community Are Most Favored Choice For Living

A Gated community is a well planned residential housing property, with a controlled and protected environment. It resembles a small township and nowadays owning a house in a gated community is becoming extremely popular among millennials. The demand and sale of gated community villas, independent houses, flats, apartments and plots has increased considerably in all Tier I and II cities. Gauging this demand, the multiple builders and land developers have begun constructing Gated Community for sale in these cities.

The current home buyers are preferring to opt for residential properties in gated communities rather than conventional property options. The most essential point of difference between them is the level of security feature offered by the gated community projects. The secured control at entrance points for visitors & vehicles, monitoring people at exit points, closed perimeter of walls and fencing, gives a higher level of security and privacy to the inhabitants which are usually small or nuclear families.

Here, we are presenting you with a few reasons on why the gated community is increasingly becoming the most favoured choice for home-buyers.

  • The foremost factor which comes to home buyer’s mind is the safety and security of the family. With round the clock security service, surveillance cameras installed in the premises, biometric entries, etc. gives a sense of safety or their families that may have aged parents and children. This helps in building a stress-free environment for the property owner not only for their life & property but also the security personnel or agency can be held accountable for any security breach.
  • With a restricted entry into such localities, there is lesser traffic, noise and air pollution inside the gated communities.
  • The residents of the gated community can feel a sense of exclusivity as these are well planned, loaded with modern amenities, gardens, gymnasium, swimming pool and aesthetically appealing environment to lead a lifestyle that one aspires for.
  • Basic amenities like water supply, drainage system, power supply and property maintenance are provided by the real estate developer in a well-planned way to the property buyers. This reduces many hassles and stress related to putting all these things in order by an individual.
  • Residents share manual workload as well as the cost of maintaining a host of amenities like gym, swimming pool, play areas, community halls, etc. Also, at the time of an emergency, the load of work is shared by community residents equally.
  • There is an easy access to essentials like grocery stores, ATMs, pharmacies, salons,  etc. within the community, this reduces a lot of hassles for daily needs items to busy people.
  • Living in such spaces fosters a great sense of community among the residents. Celebrating festivals, parties, gatherings, etc. help all age group people to interact, share and build strong relationships with each other.

Conclusion

Along with the above-mentioned points, there are many benefits of living in a gated community. The availability of homes in such gated communities at affordable as well as in the luxury price segment is making consumers Gated communities homes as the most favoured choice for them. Also, these properties bring a great value on return to the home-buyer. If you are looking for a home that offers a holistic lifestyle, than just log on to proppick.com to explore more options on gated communities projects.

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