Noida is a planned city and is renowned for its modern infrastructure and superior amenities. You will find broad roads that are in excellent condition and vast stretches of open green spaces. This is one of the reasons why Noida is one of the most sought after cities for people who want to stay close to the capital city. So, if you are planning to buy a flat in Noida, you are on the right track. However, there are a few things that you should follow to ensure the purchase process goes off seamlessly.
Identify Most Suitable Properties
You will find many flats for sale in Noida. However, it is important that you narrow down your list of properties based on the localities of your choice. Cull the list even further based on what you would like in your flat, like the number of bedrooms and bathrooms, features, and amenities. This will help you identify flats that suit your requirements.
Set a Budget
Buying a flat is expensive. So, earmark a figure that you think you can afford to spend on your new home. Remember, this figure should not just be about the cost of the flat. You should also include other costs, like property tax, stamp duty, and legal fees. Then start checking with the local banks for a home loan. Select a bank that offers attractive interest rates.
Do Your Due Diligence
Make sure you check whether the developer owns the title of the property. This ownership gives the developer the right to sell the property. If you find flats for sale in Noida in a housing society, it is important to find out the details about the safety and occupancy certificates. Make sure you get a lawyer specialized in real estate to check the sales agreement and handle other aspect of your purchase.
Other Things to Note
Before you sign on the dotted lines, here are a few things that you should consider:
- Make sure the development of the property is as per the approved plan
- Get no-objection certificates from electricity, land ceiling, and water authorities
- Ensure there are no legal encumbrances attached to the property
- Find out the payment procedure for the flat
Follow this guide to buy your flat in a hassle-free manner. Remember, once you get the possession of the flat, it is your responsibility to get the sales deed registered and put the property in your name.