Delhi/NCR Real Estate: Riding on Faults

Delhi Property at Makaan.com

Well, as we are talking of property in Delhi, most of us already know that owning even a luxurious 1-BHK in this area would require a big, fat saving on your part. And sometimes, it would take about 8-10 years or even more to save such a big chunk... It depends on how much you earn and what other capital investments you are engaged in. Even if money is not such a big issue with you, there are certain matters that may require to sit back and ponder upon while buying a Delhi property.

Choosing a developer/builder with good reputation  in the real estate is one thing, but that, in no way, ensures that you won't be duped or offered much less what you paid for. Unfurling the pages of a property newspaper, I got to read some not-so-good experiences of the owners in Greater Noida. A leading developer submitted his completion certificate to the authorities but did not apply for the water connection. Result? The residents are forced to consume ground water. But that is not the end of their woes. They are still paying the bills for the supply that they never consumed!!

Similar is the story of a few posh colonies in Gurgaon and other cities under Delhi/NCR real estate . Residents, only after the occupation of the houses, come to know of the loopholes and can do nothing more than registering complaints. So, the point is that a buyer must, before purchasing is all done, make sure of the amenities that are provided. Also, he must verify the validity of each and every document provided by the developers, builders, and land owners.

It is always good to inquire about a property you intend to buy a house from the local residents. Ask them about their experiences and problems, if any, they have been facing living in the locality. It may be possible that they won't tell every nuance involved, but they know the things better, much better than you. Isn't it? Talk of the residential property in Delhi/NCR: even the good localities in southern region face acute water and electricity shortage. It indicates that paying even hefty prices for a property in Delhi/NCR, it  cannot be ensured that you would not end up ruminating. Scrutinizing is what you should do at every step.