Important things to remember before buying a flat.


 

Buying a flat in Bangalore is something many people thrive to do. Having a house in a city like Bangalore is absolutely profitable. The real estate in Bangalore is always stable and does not fluctuate to major extents. Making an investment in a flat in Bangalore will also help in generating multiple sources of income.

Bangalore currently has about 12000 unoccupied apartments that are up for sale. In these, there are many that are completed and many that are under construction. Refer to our blogs section for more on ready to move in apartments and under construction apartments.

Buying a flat in Bangalore is very easy. This all depends on the builder or developer from whom you are purchasing the flat. There are developers that keep the buying process very transparent. This in turn is an advantage for the buyer.

Important things to remember before you buy a flat in Bangalore

RERA approved project.

Make sure that the project is approved by RERA. This is for the benefit of the buyer. A RERA approved project will ensure that you are getting what you paid for. The builder will not be able to deviate from what is offered to the buyers.

BBMP approved the sanctioned plan.

A plan must be sanctioned at the BBMP for the developer to begin or start work. They cannot build above what is sanctioned by the authorities. If they do, they will have to regularize it by paying the appropriate fees called as TDR. Although there is a 5% buffer on the sanctioned plan.

OC received.

An OC is nothing but an occupancy certificate. This certificate is a means of saying that the project is complete and is ready to be occupied. Many projects in Bangalore are given the OC once the developer submits that the project is ready to be occupied. If the builder or developer is not providing an OC on the property, it is illegal for buyers to occupy the flat. The competent authorities can any time question the occupancy. So it is very important for buying a flat with an OC.

Build quality and delivery

Build quality of the apartment project must not be compromised. It must not be different at the time of booking and at the time of delivery. The material used, the cement, the steel, the paint. The electrical, the plumbing, the bathroom fittings, all have to be checked and verified to be the same. This is very important for home buyers to monitor.

When you buy a flat in Bangalore, and if it is an under-construction apartment, there will be a specified time frame the builder has to deliver the flat. On-time delivery is a very important factor all premium developers in Bangalore tend to follow.

Amenities

A good project will have premium amenities. They include a clubhouse, a gym , a car wash bay, a children's play area, a jogging track, a garden, a lounge, an amphitheaters swimming pool and so on.

Conclusion

When you are buying a flat in Bangalore, be sure to check these factors off your list. After all it is a one time investment and should be absolutely perfect.

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