Property Price

The first thing to do when selecting a house is to fix a budget. Fixing a budget not only simplifies the shortlisting process, it also lets you give you the chance to compare the price of the property in question with other properties in and around that area. Online portals and newspaper listings, brokers of that area etc. can help you compare the prices of properties in the area that you are looking for a house in.

---

Carpet area of the flat

Usually, the listed area of a house is the super built-up area, i.e., the entire area including the shafts, elevator space, thickness of the walls, stairs etc. Whereas, the carpet area is the actual total area within the walls of the flat. Therefore, it is essential that you check what the total carpet area of the flat is before you purchase it.

---

Builder Reputation

Before you buy a flat, it is important for you to research extensively about the reputation of the builder. This can be done by visiting completed projects by the same builder. You can also request the company to share their profile with you. Apart from that, you can get information about the builder by connecting with previous buyers online. Their online reviews, ratings and social media page can also help you get a better idea about the builder.

---

Approval and licenses

Once you have shortlisted a property, it is important for you to check the paperwork of the builder. Not only should you ask for and check the commencement certificate for work, environmental clearance and approved building plans, you should also check the status of the land title to know whether the builder has bought the land or if he just has the development rights for it. Some of the other important documents that you should be checking are – title deed, release certificate, if the land use is verified, approvals by local body and property tax receipt.

---

Banks financing the project

With many companies sitting on unfinished projects due to insufficient funds to complete the project, banks have become very choosy when it comes to financing construction projects. Therefore, as a buyer, it is important for you to check whether banks are willing to finance the builder you wish to buy a flat from. Most reputed building groups are registered with leading banks. When a bank approves any project for home loan facility, the bank gives an APF (Approved Project Finance) number to the builder. Thanks to this, when a customer applies for home loan from the bank, they can just provide the APF along with other required documents to get the loan sanctioned.

---

Project location

Project location is a rather important factor that you need to consider before buying a flat. Apart from looking at whether the area is safe, you may also want to look at the amenities available in and around the area, its proximity to educational institutions and shopping centers as well how well connected it is to the rest of the city. It is also very important to keep the future in mind when buying a property.

---

Amenities and specifications

Amenities and specifications are factors that need serious consideration too. Many builders try to lure buyers by amenities and specification that one might not really require. Therefore, it is important for you be sure about the amenities and specifications that you really require and are of actual use to you.

Are you looking for a flat in Hyderabad? Your search for your dream home ends here! Intellipark by Vicina is the perfect home for anyone looking for the perfect combination of luxury and comfort. A dream come true, Intellipark is everything you’ve been looking for and more. To know more about the project, visit https://www.risinia.com/projects/current-projects/trendilla.html