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14 Jul

By Balvinder Singh Kalra

Category: blog

Are your Buying a Home other than your Home City? Have a Look No Comments

Are your Buying a Home other than your Home City? Have a Look

Are you planning to buy a home in another city than in your hometown? Here are a few things that you need to investigate before signing the dotted line.

Buying a home is inevitably a big investment for a lifetime. Not only it takes a nauseating amount of money for the down payment, but most of us are likely to pay EMI of home-loans for a couple of decades. Everyone shares their opinions/reviews on buying a home, in case you are the first own time home buyer. But, things get a bit trickier when you are planning to buy a home in a city where you don’t live.

Mohali is quickly becoming #1 preferred city for the neighbouring cities as well as NRI’s to buy homes. All thanks to its excellent infrastructure, ingenious education system, reputed chains of Hospitals and much more. There are a number of valid reasons for planning to shift in Mohali.

Making a plan and sticking with it is not enough. You need to mitigate every risk part involved that may affect you financially and emotionally. Whether you stay in Haryana, Punjab, Himachal or Chandigarh, here are few vital things to consider before venturing on a long-distance residential property.

Mistakes Made by First-Time Homebuyers in Mohali

1.      Rely on Expert Opinion

Rather than depending on families, friends and relatives on their so-called “expert guidance”, there is every possible reason to consult a person who is professional and specialized in real estate. Talking with a realty sector expert gives you an accurate picture and an in-depth analysis of the property. They would help you evaluate the property and your needs avidly.

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2.      Reliability of Builder/ RERA Approval

Gauging the reliability of the builder is of utmost importance. The implementation of the RERA (Real Estate Regulation Act) has eventually weeded out the developers with unscrupulous intentions. For the homebuyers, it is very important to check the RERA registration number and verify the details from the corresponding state RERA website.

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Ignoring RERA may allow you to fall prey to some builders who don’t have the necessary clearances. Such builders engage in shoddy construction and lack sufficient funds to complete the project. They often attract buyers with low price offers and other discounts. Just as explained in #1, a reputable property advisor may be consulted to check the legal veracity of the project.

3.      Don’t get Swayed by Offers

Most of the builders and developers come up with impressive festive offers in order to leg-up their slow sales. The homebuyers should not let freebies and discounts affect their decision. You should always be careful and diligent on financial schemes such as No-EMI till possession, part payment or subvention schemes etc. If the financial schemes are not transparent, they could be misleading.

Read all the related documents properly and don’t sign until you understand the fine print. The main aim of every buyer should be focused on the value obtained and money saved. Check out the monetary benefit associated with the offer given by the developer. Convince the developer to adjust the value of the gift in your property value.

[email protected] A Name that You Can Always Trust and Rely

Mr. Balvinder Singh Kalra, the man behind this ingenious project, holds a reputed name in the Real Estate Industry in Tricity. His adept knowledge on Real Estate Industry and zest for quality are evident in his dream [email protected] Located in the Heart of Mohali, Wave Estate, [email protected] enjoys seamless connectivity with the rest of the city through all means of public transport. [email protected] comes with luxurious 3BHK+1+1 independent floors with a commodious store and servant room.

Come and dwell in the poshest and elite residential area in Mohali at purely competitive prices. It’s a now or never deal!

Call us at +91 97001 97007 or email us at [email protected] for all your queries. Visit us at for more information.

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Balvinder Singh Kalra

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