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Checklist while buying new flat

The very thought of buying a flat is a big achievement in once life. This is when one starts thinking about where, what, how much etc but tend to forget in the flow of events and gets in the vicious circle of loans. Realization only comes when your first EMI gets deducted and your balance is zero. The second shock is when builder delays handing over of the property. So one has to take note of the following.

1) Never Rush.
2) Take one step at a time. 
3) Look for properties with RERA  Registered . Refer RERA act of 2016.
4) Look at the history of the builder
5) Talk to as many people as possible
6) Ask for all documents related to the property and get legal opinion
7) Take loan from Government banks only, as document scrutiny is very tough. Any missing they do not process. this is safe for us. 
8) Occupancy certificate. This is very important. If builder does not give you then think about the property. If you wish to take risk go ahead. I suggest you insist on this and then only pay advance.
9) Look for big apartments where you have more than 20 flats, your monthly maintenance is low.
10) Ensure to check for quality of construction, as these days there is water curing and this only is know after the first rains. Then regretting is no point. 

 So think and take all precautions before you make the BIG decision of buying any property.  I suggest you research on internet and then talk to people. Do not blindly to for it because someone know or unknown is telling you that the property is coming at a cheaper rate. THINK BEFORE YOU INK....



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