Buying a property in Haridwar is a big decision for a middle-class family, they put their life savings to purchase their dream home. In this situation, when life savings are at stake, you don’t want to take any chances. Due to that, we are here to share a few points that help in finding the best deal for your dream home.
Things to Keep in Mind
Here we have shared a detailed article about a property-buying guide, that will help you in your dream home-purchasing deal.
Location, Location, Location
One of the most important factors to consider when buying a property is location. Haridwar is a large city, and the different areas offer different advantages and disadvantages. If you are looking for a property close to the Ganges River and the main ghats, you will need to be prepared to pay a premium. However, if you are willing to move a little further out, you can find more affordable options.
Areas like Shivalik Nagar and Mayapur are becoming increasingly popular with buyers looking for a quieter and more peaceful environment.
Verify the Price of Nearby Property
The very first step that you should take while buying a property in Haridwar is to fit in your budget. It helps in making everything so easy. It will make the whole process of shortlisting a flat or a house very simple.
You should compare the price of the property that you like with those surrounding it from different builders to get an idea that the builder has given you a fair quote. There are a lot of ways to get a comparative analysis of the properties in the particular area where you are planning to buy a property in Haridwar.
Be Clear about your Budget
Buying a property is a significant investment, and it is important to be clear about your budget before you start shopping. Make sure you factor in the cost of the property itself, as well as the additional costs of stamp duty, registration fees, and legal fees. You should also allow for the cost of renovations or repairs, if necessary.
Builder Buyer Agreement
While choosing a flat or an independent house, you may book it by simply giving the token money and in return, you should get the allotment letter. Then the tripartite agreement should be entered between the bank, the buyer and the developer for the remaining amount.
Make sure that you read and properly understand all the details before you sign it. All clauses mentioned in the agreement should be understood clearly and in case you have any doubts, you should ask the builder then and there.
This is the most important document in a property deal and thus it is very important to understand the role of this document.
Upcoming Infrastructure Nearby
Another very important point to consider is to look at the area where you’re planning to buy the property. The physical infrastructure, amenities as well as the reach of basic public places are very important. You should analyze all these factors very carefully. These factors would help you in having a peaceful life later on.
So make sure that you check for these factors well in advance to avoid any inconvenience or dissatisfaction later on. The house should be safe as well as secure providing security to your family members.
Possession of your Flat or House
Delayed possession is something very common these days. The builders and developers delay the possession of the flats and houses in commercial as well as residential projects. Being a property buyer, you need to have a clear estimate of the time of possession.
Generally, the developers ask for 6 months time period as a grace period but there has to be a genuine reason for this. You may check the possession of the previous projects of the builders. Check if they have given possession of their previous projects on time.
Additional Charges
You need to make sure that all clauses of the legal documents are properly read. You should read all the clauses, especially the penalty clauses very carefully.
The builder should pay you the monthly penalty just in case you don’t get possession of the flat or the house you are buying within the grace period.
The additional charges like stamp duty, GST, registration fee, processing fee of home loans and all the other additional charges need to be kept in mind. Sometimes people miss the additional charges clause and then later realize that they have made a mistake.
Additional Tips
- Hire a reputable real estate agent: A good real estate agent can help you navigate the buying process and find the right property for your needs.
- Get a property inspection: Before you make an offer, it is important to get a property inspection to make sure there are no hidden problems.
- Negotiate the price: Don’t be afraid to negotiate the price of the property. The seller may be willing to come down in price, especially if you are a cash buyer.
Property in Haridwar for Investment
Emerald Riviera by ETHinfra Pvt. Ltd. is a RERA-approved project in Haridwar that offers a range of 1 BHK, 2 BHK and 3 BHK Flats in Haridwar. The project is spread over 17 acres of land and is located just 2.5 km away from Har Ki Pauri. The apartments are designed to offer a luxurious living experience, and the project boasts several amenities such as a Clubhouse, Swimming Pool, Gymnasium and Landscaped Gardens. The developer, ETHinfra Pvt. Ltd., is known for its quality construction and timely delivery of projects.
You can consider this property in Haridwar as your Holiday home in Haridwar.
Conclusion
In conclusion, purchasing a property in Haridwar is a significant life decision that requires careful consideration and planning. It is crucial to keep in mind factors such as budget, location, property condition and professional guidance from real estate agents and home inspectors.
Taking the time to conduct thorough research and not rushing into any decisions can help you.
Enjoy your new home! Once you have closed on the property, it’s time to start enjoying your new property in Haridwar!
I hope you have a wonderful time in Haridwar!