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Looking for Your Dream Home in and around Mohali? But, First Check This
30 Mar

By Balvinder Singh Kalra

Category: blog

Looking for Your Dream Home in and around Mohali? But, First Check This No Comments

Looking for Your Dream Home in and around Mohali? But, First Check This

Without a doubt, Mohali is quickly garnering the attention of the real estate buyers and investors in North India. Due to unequivocal locational advantage, Mohali offers an extraordinary choice to get the best 3BHK+1+1 deals in the Tricity. But, before your head over to sign the dotted lines, here are some things you need to make sure about your dream home.

Mohali offers the buyers heaps of alternatives when you are on a searching spree. Most of us have made a certain checklist that includes must-haves such as:

  • Advancement in the area
  • Proximity to major landmarks such as market, office (workplace), schools and Hospitals
  • Other infrastructure and basic amenities such as water, electricity and club-houses.

Mistakes Made by First-Time Homebuyers in Mohali

But there are certain factors that are often overlooked and create a sense of panic in the later stages. Make sure to include them in your checklist and give them an equal priority as well.

1.      Is the Project RERA Approved?

The Government of India has introduced RERA (Real Estate Regulation Act) to make the real estate projects more transparent and reliable. There is no point in investing in a project that is not RERA approved. There are high chances that you may be scammed or get conned.

The thumb rule is that just strike off the project if it doesn’t abide by RERA guidelines. A RERA approved Project will always have a registration number that would be displayed on the project’s official website.

2.      Who is the Builder?

Checking the reputation of the builder is again a prime requisite. Explore online about the portfolio, ongoing projects and project completion rate. Just converse with the neighborhood and other residents to know any problems they are facing. Do not get tricked by the glittering gimmicks of the builders, see for yourself.

If details are not available online, personally ask the builder regarding the documents and possession time as well.

Read More: Finding a Real Estate Developer with all the Right Credentials

3.      Any Hidden Costs?

Don’t go on the cost that is advertised. Most of the builders and developers add a handsome amount of money as hidden costs. Make sure you are aware of all these things while asking for a quotation.

4.      Professional Services

There are two aspects. First, have a look at the services opted by the project. Is the project opting for professional vending services such as plumbing, AC fitting, electrical panel fitting and other installations?

The second thing that you need to check is the accessories used such as tiles, woodwork, bathroom accessories etc. Make sure that your 3BHK+1+1 in Mohali is going for professional services for fittings/installations and using branded equipment/accessories.

Importance of Hiring Professional Teams- Electrical, Plumbing, AC

5.      Did you check the Sample Flat?

The sample flat gives you an exact picture of the space and area of your 3BHK+1+1. This allows you to have a better idea of how your home will look with furniture. So, go for a sample flat check before zeroing on your decision to buy a 3BHK+1+1 in Mohali.

6.      Scan the Layout

Most of the good builders share their technical specifications and layout on their website. Verify that by performing a site visit and a good look at the sample flat. You need to make sure that the layout totally adheres to the land laws of the city/district.

Deeply inspect the floor plan. Apart from that, check out the parking space as well which is generally not mentioned in the layout. 3BHK+1+1 floors generally offer two-vehicle parking as compared to one given by flats/apartments.

7.      Finance Options

Not everyone can buy the home in one single down payment. Check what all major banks are financing the project. Also, enquire about the home loan/EMI options or other loan options available with the builder or bank.

Also, check whether you are eligible under Pradhan Mantri Awas Yojana (PMAY).

Mohali is the next burgeoning real estate destination in the Tricity offering affordable 3BHK+1+1 floors in the mid-income segment group. [email protected], located in the heart of Mohali and in the vicinity of prestigious Wave Estate, is offering lavish independent floors.

This is an ideal time to invest in real estate and reap heavy benefits in the future. For more details about the project, check out our website www.canvasat85.com. You can call us directly at +91 97001 97007 or email us at [email protected]. Book your dream home today!

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Balvinder Singh Kalra

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