Apartment Buying: Step by Step Guide

We want our dream apartment to be perfect where we can indulge in a luxurious life without spending a whopping amount of money. Buying your dream abode is not child’s play. You need to do critical planning and save money for years to own your apartment. Therefore, we must choose the right real estate developer, realtor, location etc.

Today, I am going to highlight some of the important things to consider before buying an apartment to ensure that the apartment is a perfect buy for you:-

• Budget plays a major role while buying your dream abode, Look for a property that will not cost you an arm and a leg. Then check with your bank regarding how much amount you can get as a loan if you require it, the interest amounts the repay period, etc. Choose a good and experienced realtor who can help you in choosing the perfect apartment. If you already have a particular apartment in your mind, then don’t forget to compare the price of that apartment with the ones surrounding it to get an idea of whether the builder has offered you a reasonable price or not. Make an offer but also be mentally prepared for a counteroffer. Also, focus on the carpet area of the apartment because it is the actual area you get within the walls of your flat. Buying an apartment in Narendrapur, near E.M Bypass in South Kolkata will be a good decision. The apartments are built by some of the top real estate companies in Kolkata like Srijan Realty, Rajwada Group, Siddha Group. You can enjoy uber luxurious facilities such as a rooftop swimming pool, gym, vast open spaces, large garden area, inbuilt jogging tracks, state-of-the-art clubhouse, a swanky lounge, spa, parking plaza, exercise lawn, and many more under the same roof without spending much. So, if you are looking for your dream abode which will fit your budget smoothly and where you can enjoy all the amenities of life, then the areas near E.M Bypass in South Kolkata will be the perfect choice for you.

• You need to check the land records of the apartment before buying. You must ensure that the plot is clear of all dues and is legally registered. The title deed must be verified and checked properly as it provides all details on the rights, and ownership of the property. The property must be legally authorized to be constructed on that particular plot and the developer of the property must have approvals from the Area development authorities, electricity boards, municipal corporations, etc. If the land records are all good to go then hiring a structural engineer is needed to check the quality of construction of your apartment because you need to ensure the safety of yourself and your loved ones. Also, natural calamities can happen at any time so checking the quality beforehand is important. Top Real estate developers in Kolkata like the Rajwada Group, and Siddha Group are reputed and their very name suggests trust and quality.

• Another important point to consider before buying an apartment is its location how is the neighborhood, whether it is close to all basic amenities like schools, colleges, grocery stores, medical stores, hospitals, supermarkets, shopping malls, etc., and how well the location is connected with other important parts of the city and how good is the public transport facility. The apartments near E.M. Bypass in South Kolkata have parallel access to N.S.C Bose Road and the rapidly developing extended Kamalgazi Bypass. To add more to the list, they are close to not just one but three Metro Stations (Kavi Nazrul, Shahid Khudiram, and Kavi Subhash). All these factors make the areas near E.M Bypass the perfect choice for the daily commuters who are planning to buy an apartment from where they can commute to other parts of Kolkata smoothly. Global City will also be a perfect dream apartment for those who love shopping. The famous shopping destination Wood Square Mall and Reliance Trends are at a stone’s throw from Rajwada Global City. Also, it is in proximity to well-known schools like Narendrapur Ramakrishna Mission, BDM International, Future Campus School popular restaurants, pizza parlors like Domino’s, and essential services like Hospitals, doctor clinics, pharmacies, petrol pumps, etc. Last but not least Rajwada Global City is close to Garia, a major hub in South Kolkata that is well connected with every part of Kolkata and its adjacent areas with state and private run buses, local trains, and of course metro rail.

• Also, if you are keen on buying a high-rise apartment it is necessary to ensure that the property has an elevator facility which will make movement very much easier.

• Last but not least as a buyer you should have a clear estimate of the timeline for possession of your apartment. The developer can ask for a grace period. It must be noted that the maximum grace period a developer can ask for is 6 months and there should be a proper and valid explanation for the same. Also, before signing the Builder–Buyer Agreement you must read and understand it very well.

These are some of the important things that you should consider while buying an apartment for the first time.

Tanusree is a professional writer working in the real estate field for a long time. She has written many informative articles and blogs on "Real Estate". She has a large reader base that regularly follows her works.