Keypoints to Remember When Buying Flats in Hyderabad

Owning a home is may be a dream for you. But it can also be a lifelong security for you and your family. It is one of the biggest investments that you might make in your whole life. So, it is important to check all your options first when looking for flats in Hyderabad. Whether you buy a house in Vertex Panache or elsewhere, gather all the information before you make such a big decision.

Opt for a reputed builder when you invest your hard-earned money in buying a house. Vertex Panache, situated in the centre of Gachibowli, is one of the best properties in Hyderabad. Vertex Panache offers you luxury apartments with all the latest facilities.

Owing to its proximity to Hitech City, the need for housing is high in the area. If you are looking to buy a house in Hyderabad, do keep a few key things in mind. This will help you make a sound real estate investment.

1. Budget

Before you decide to buy a house, figure out exactly how much you can afford. You may not be able to arrange the entire amount at one go. In such a situation, there is an easy way to arrange the money. You can simply apply for a home loan. Banks and non-banking financial companies (NBFCs) offer loans at competitive rates.

2. Apartment size

Next, decide on the size of the apartment you are looking for. While looking for flats in Hyderabad, keep in mind that prices are per square feet. Usually, you have to pay on the basis of super built-up area, not the carpet area.

So based on your budget, decide on the area of your apartment. The next important thing is choosing a 1, 2, or 3 BHK flat or an independent house. If you search for a house for sale in Hyderabad, you will get various options in terms of the size and amenities.

3. Location

Whatever your reason for buying a flat in Hyderabad, you need to look out for the right location. It is always better to buy a place that has easy access to amenities. These include proximity to schools, workplaces, hospitals, and stores.

As Hyderabad is a city with ample work opportunities in IT and other sectors, there is an inflow of migrants into this city. As the IT sector contributes to a considerable percentage of jobs, projects like Vertex Panache may have a high resale value. The demand for rent is also high as it is close to Hitech City.

4. Proper Documentation

While buying flats in Hyderabad, ensure that you have proper and legitimate documentation. The availability of proper documentation is needed to apply for a home loan as well.

Before you take possession of the apartment, make sure that you have No Objection Certificates (NOCs) from all concerned authorities. These include the electricity board, municipality and other local authorities.

5. Builder’s Credibility Check

Before choosing the right apartment for you, take a look at the builder's past projects. A legitimate project will ensure proper value for your money. You will not have any difficulties in re-selling the flat later if you want to. Thus, the builder's credibility plays an important role in your investment.

Conclusion

Buying a perfect house is everyone's dream. Start by trying to understand your exact need. This will help you to choose the right option and get closer to your dream. Keeping the above parameters may make your job easier.

Prafulla Mishra is an experienced real estate advisor who is well known for his ability to foretell the market trends as well as for his real estate astuteness. He has worked extensively in the realty sector and has been dealing with the entire range