Identify the property you wish to purchase A crosscheck of current market rates of property in the vicinity and last known transactions, current market trends. Formulate commercial terms. Distinguish between negotiable and fixed terms and conditions of the contract, eg. Price, payment schedule, time of completion etc. Avail of services of Propmart for a legal […]
4. Should I inspect a property before buying it?
Yes. It is important to inspect the property, probably this is the largest single investment you will ever make. You should know all the details of the property and need for any major repairs/modifications before you buy. You can crosscheck the commitment made by the builder and actual implementation. A close inspection points out the […]
3. How can knowing the Carpet Area, Built-Up Area & Super Built-Up Area of a flat help me in purchasing a flat?
This break up is extremely essential as builders can place anywhere from 65% to 85% percent of the super built area as carpet area. That means, if the price is quoted as 1,000 sq ft super built-up area, the carpet area could be anywhere from just 650 sq ft to 850 sq ft. If this […]
1. What should a purchaser keep in mind while purchasing a residential flat?
Some important points to keep in mind while buying the flat: Locality – Proximity to the workplace, educational institutions, hospitals, shopping areas, entertainment centers, transportation, pollution levels. Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area Car parking space Quality of construction Reputation of the builder or seller Sufficient […]
2. What is meant by Carpet Area, Built-Up Area & Super Built-Up Area?
Carpet Area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actually used area of an apartment/office unit/showroom etc. Built-up Area is the carpet area plus the thickness of outer walls and the balcony. Super Built Up […]