Buying a new home is very exciting for all of us, but it is not as easy as buying a small thing. In the end, you will be spending a few lakh rupees; to be precise, more than 20 Lakhs at least. Ultimately, there needs to be a security check before spending such a considerable amount.
New homes in Mumbai have already gone out of reach for the middle-class families. For them, Thane is the best suitable option which fulfils all the requirements with considerably lesser costs. But, as stated in the first paragraph, you must check a few things before finalising any residential projects in Thane.
Check prices of different projects
Thane is full of multiple ongoing and finished real estate projects offered by numerous developers. The property rates in the city differ from area to area. If you are trying to check one nearby Railway station, you will get the higher price and vice-a-versa. Sometimes, the developer increases the price by promising false services. Therefore, checking the price must be on your priority list. Sometimes, another project in the same area would give you better pricing.
Check the credibility of the developer
The developer’s reputation is also essential. Today, anyone new to this field introduces his realty project and when it becomes difficult to handle, the developer tries to compromise in the quality. Thus, always check whether the developer is well settled or not.
Check the locality
Would you like to get your new home in a congested or dirty area? Sometimes, the developer promotes his residential projects in Thane with attractive creatives; however, the actual area is not even close to the displays. Furthermore, people residing around your place also need to be sober and good in nature. This can be understood only by personally visiting the projects in Thane.
Check amenities and services
Developers offer several amenities and services while promoting their residential projects in Thane. But many people have experienced the frauds such as the amenities which were promised, aren’t found in the actual project. To stop such kind of fraudulent marketing, the government has introduced RERA act, i.e. Real Estate (Regulation and Development) Act, 2016 under which the developer has to reveal all the information about his project and its progress. The developer has a unique number through which you can track the progress and offerings on the RERA website.
Check legal facts
Another crucial thing which needs to be checked. It is important to be clear whether the project is legally approved, has got OC and other legal documents or not. Taking care of all this may result in minimising the troublesome in the future.
In short, buying a new home is not just taking a loan and choosing the project randomly. Today, many residential projects in Thane are offering luxurious yet affordable flats. If you are willing to get one, always check these things and go ahead.