The population of India is rising, and it has ranked us first in place worldwide, followed by China. With the growing economy and rising cost of living in the country, investing in the 3BHK flats in Zirakpur, a location in North India, can be a smart decision. Zirakpur is a sub-city that comes under the Mohali district. It is adjacent to the City Beautiful – Chandigarh.
It is a strategic location as it is a junction that connects different cities and sub-cities such as Ambala, Derabassi, Greater Mohali, Kharar, Mohali, New Chandigarh, Panchkula, and Patiala. A three-bedroom set with attached washrooms and spacious kitchen space can be an ideal home to stay in.
The trusted realtors offer world-class infrastructure and modern amenities along with unmatched features and surrounding advantages.
You can invest in a pocket-friendly 3BHK flat in Zirakpur to get better market value in the future, and earn sustainable rental income by renting out your apartment. In this informative, we will discuss about the checklist that you should cross-check before investing in 3BHK apartments in Chandigarh, Mohali, Panchkula, and Zirakpur.
Checklist Before Buying A 3BHK Flat In Zirakpur
You need to prepare a checklist before purchasing a 3BHK Flat In the Zirakpur location. If you are a first-time buyer or an experienced one, you should do some homework to make a smart real estate investment. If you spend some time cross-checking all the facts and legal documents of the targeted property, you can work out a spacious, budget-friendly, and desired home space in the real estate projects like The Ethereal & Trishla City. Avoiding the below mentioned checklist below may turn into a bad property buying experience.
- Budget and Hidden Cost
Budget is the most important factor among all others. First, you need to set a realistic budget to purchase a spacious and quality 3-bedroom set in Zirakpur. While working out a desired property, you need to cross-check the offered budget of the property. Also, consider whether there are any hidden costs associated with purchasing the targeted property. Once you have analyzed both factors, you should determine the required home loan amount from different reputable banks.
- Builder’s Market Reputation
Always cross-check for the builder’s reputation and acquired market experience before buying an apartment from any builder in Zirakpur. Encounters with fraud and amateur builders are a common scenario in the Tri-City. A reputed builder will never compromise on the quality and promises made. Any builder with a bad reputation and a misleading history can be a bad selection. And without knowing anything about the builder or realtor, your buying decision will be a sort of gambling.
- Community & Society Development
When you invest in a property, you don’t only own a house, but you become a part of that community and society. Not every buyer is lucky enough to get a friendly neighbourhood, but you can’t cross-check for it unless you start living in that environment. However, you can cross-verify and do self-observation about the community and society.
- Connectivity & Mobility Options
It is significantly important to look for all the possible location connectivity and mobility options. When you relocate to a new location, you are hardly aware of the communication facilities and road connectivity. So, it is important to know about it before buying a property in any new location in Zirakpur. This can be one of the deciding factors at the time of property purchase.
- Eco-Friendliness & Green Zone
Many buyers don’t really bother if the property they are investing in is surrounded by a green zone or not. Even if they overlook that, if the property is made of eco-friendly material. Today, many builders and realtors are using substitute materials for cost-cutting and profit maximisation. But both these factors are comprehensively important for our future and lifestyle. In the absence of a green zone, your family will have to suffer from a scarcity of oxygen, nature’s richness, and other related factors.
- Expected Future Market Value
It is recommended that one should always observe how often the market value of the targeted property fluctuates. Before investing in any property in Zirakpur, having an idea about the market value of the property would be an advantage. It can be a major factor that will influence your property buying decision.
- Futuristic Area Development Plans
Even if, you are a first-time property buyer, you should ask and enquire about the futuristic development plans for the chosen location. The futuristic plans include building a flyover, developing public parks, metro connectivity, schools, hospitals, dedicated consumer markets, night street lamps, and concrete-based roads. All such projected development plans can influence your property purchase decision.
- Legal Documents & RERA Approval
The most important point in the checklist is to cross-verify all the legal documents related to the targeted property. You need to check the previous sales deed, sales agreement, property tax documents, NOCs from different government departments, and whether the property is RERA-approved or not. The property registration under the Real Estate Regulatory Authority (RERA) is a must for quality standards.
- Rental Income Opportunities
While working out a 3BHK flat in Zirakpur, you must ask the builder or an agent, and self-check for the rental income opportunities in that particular location. Buying an apartment in a premium location can offer you better opportunities for regular rental income.
- Required Amenities, Features, And Services
Last but not least, you must ask, cross-check, and compare all the desired amenities, features, infrastructure, and services before buying any property in the Tri-city. One should always work on the required specifications as a priority as avoiding them can result in a big regret afterwards.
Conclusion
If you are planning to buy or invest in a 3-bedroom set in the Zirakpur location, but you have doubts, you can hire a professional real estate consultant in the town. An experienced real estate professional can help you get all the answers before you make the final property buying decision. If you don’t want to have a bad property purchase experience in Zirakpur, consider all the above-mentioned factors.