Buy Property in Bhopal? Take some cautions

Buying a home is the biggest investment that one ever makes in life because you invest all your life's savings into this. Therefore, it is very important to make sure that you are putting your money at the right place and you're buying the right property in Bhopal. So, here are some of the points that you must keep in mind in order to avoid any mistake during buying a property in Bhopal or making a bad investment.

Super area Vs carpet area:-

Real estate companies and property dealers always quote the super area of the flat and use this measurement for estimation of the price of the property in bhopal. though, the real surface area of the flat will be slightly smaller than the quoted number. This is called the carpet area, which is the actual floor area of the house. These carpet area is generally just 80 per cent of the super area. The super area contains common spaces such as staircase, elevator space, lobby, shafts, and even the width of the outer walls of your flat. Consequently, if a floor has four houses, then each house holder will have to pay 25 per cent of the value of these common spaces.

Don't consider the Sample flat:-

Often, a sample flat is supposed to catch the fancy of customers and comprises several furnishings that the real flat won’t include. The ceiling is a very significant thing to look out for. Model flats have higher ceilings that means bigger wall storage spaces in flats in bhopal. Also, the ceilings of the sample flat will also have plaster of Paris work, attractive lights, etc, which will give a feeling of more space. The utilization of glass doors is also regular, which give a sense of consistency and, hence, more room. Glass-partitioned bathrooms, costly tiles and bath fittings, modular kitchen, etc. may not be proposed in the original flat. If you want those, you may have to make extra payment. So, don’t get smitten by all the attractive things you'll see in the sample flats. You must inquire about all the features of the property.

Know if the builder have permits:-

Before buying flats, plots or duplex in Bhopal, you must find out if the builder has all the permits and clearances in place prior to starting the construction of the house or building, or else you may face problem at the time of registration of the flat. The Bhopal real estate permits may comprise of correct land use permit, permissions from the electricity board, water board, the local registration department, and even clearance from the military authorities in some instance. In case of high-rises, exceptional clearances are needed to make sure that construction standards are being followed by the builders in Bhopal.

Developers' associations with banks for home loans:-

Builders in Bhopal often involve banks for hassle-free loans and finance. These banks do a systematic check of the property in Bhopal, and the potential buyer does not have to go through the task of getting the project accepted by a bank inspector for a loan. A bank, particularly a government one, will not connect itself with an uncertain project. Thus, a state-owned bank on the builder’s board means the project is in safe hands.

Credai Bhopal is the unit for Bhopal Real Estate of the Credai and has started working wonderfully for the promotion of real estate development in the city.