Investing in luxury apartments in Chandigarh or affordable ones is one of the most important decisions of your life. Years of saving and years of planning cannot be let go in making the wrong decision on 3 BHK flats in Mohali. Hence, you are required to keep all possible points in mind before signing for 4 BHK flats in Mohali. Here is a 10-point checklist that will be handy for you before going for 3 BHK luxury apartments in Mohali or 4 BHK luxury flats in Mohali.

10 Things to Keep in Mind When Buying a Home in Chandigarh:

1. 1. RERA Chandigarh (Real Estate Regulatory Authority): Under the RERA act, a minimum of 70% of the buyer’s money will be held in a different account and that money will then be allotted to the builders when there’s construction-related work. The developer or owner cannot ask for more than 10 % of the property’s cost as an advance before the sale agreement is signed saving the buyer from having to source the funds fast and having to pay a large amount.

    

   2. Developer of Project: You must be aware of the developer. While buying a house in Chandigarh you need to make sure you invest your money with a trustable and experienced developer.

    

   3. Budget: Buy an affordable property, do not overshoot. In the case of flats or apartments, be vigilant about the hidden or additional charges.

    

   4. Location: Location matters, always. Check if it caters to your needs and your family is happy with it. Explore the negatives and positives of spending life in the shortlisted locality.

    

   5. Flat’s Carpet Area: Generally, a property’s area or the super built-up area that is listed is the entire area that consists of shafts, elevator space, stairs, the thickness of walls, and others. However, the carpet area is known as the actual area within the walls of the flat.

    

   6. Hidden and Additional Charges: Ensure that all the clauses of the documents are understood in detail. As per the law, the builder is obliged to pay you a monthly penalty in case you do not receive the flat’s possession within the grace period.

    

   7. Amenities Provided: Check if you are getting top-notch amenities. You should check what types of facilities are provided for ease of living.

    

   8. Accessibility and Neighborhood: This is important. Check the distance at which the essential services, such as school, college, office, hospital, etc., are located. Longer distances are expected to cause hassle.

    

   9. Power Backup: Make sure that an apartment society should essentially be armed with strong power backup plans to keep their residents hassle-free in the absence of power backup.

    

   10. Resale value: The resale value of a property should be good and growing. Buy sizes that are always in demand. Also, keep in mind the brand you are selecting.

Conclusion

Undoubtedly, owning a home is a dream for many average Indians. They invest their hard-earned money or life savings into a property in the hope of a beautiful life. So, do not be blind to the essential details that could derail your plans. Keep these aspects in check that one must consider before buying their dream home.