10 things to check before buying a home or Property in India

1. Goodwill of the Builder and overall Brand

Before you buy a Property, its important to have a look at the builder profile and his overall history. How many
projects he has already delivered, How much delay was there, Go to te website of builder company and check old
projects and ongoing projects. Search on internet with the previous project name and you should be able to find
some important information about it. See what people are talking about the builder and property.
2. Connectivity to your Work Place
An important parameter to look at before buying a property is the distance between your workplace and the
property. Its something you have to deal with everyday. A property which is 3 km away from your workplace is
very different from the property which is 12 km from your workplace. Long Distance might mean inflated fuel
cost, time lost in travelling and getting frustrated and burning out each and every day for many years to come.
3. Connectivity to Schools, Hospitals, Transport, Markets etc
You should check how far are schools, colleges, hospitals, markets , shopping places and bus/train stations from
the property. It should not happen that to save the money on property, but then spent on travelling your kids
every day to school. The access to other important places is also very important.
4. Resale Potential in Future
When we buy a property, we are attached to it thinking that we are going to live there for next few decades, but
no one known when you would be packing your bags again to move to some different location because of various
reasons. At that time, if you realize that the property was suitable for you, but not to someone else, its going to be
very bad situation. So you also have to think about the resale potential of property you buy. Will the property
appeal to someone else ? Think about it again. For example, you might be looking at the property which has
common parking, but what about future at the time of selling , every one you talk to wants a dedicated covered
parking ?
Also, Most of the people who are buying under-construction properties are very far from core city. So its an
important point to check about the future development around the area. Find out whats the future development
plan for Roads ,Flyover, proposed malls, and other things which might come up in next 4-6 yrs. If the place is not
yet properly connected to main city, there might be future plans for it.
5. Rental Potential
A lot of times, people give their property on rent and move to some other location. At that time, if you realise that
the property is not that attractive from rental point of view, you will regret your decision. I am not saying this is
going to be a deciding factor in your decision, but still just keep it in mind and have a look at property from this
view point only. If property is near colleges or centrally located, or close to commercial places, you will never find
issues finding people to rent your property.
6. Air & Lighting
Air and Lighting is something which will determine your living experience on daily basis. The flat you live in
should have good enough lighting (natural light) and proper air. Also you should check how the air flows from
various angles. In my current flat, the way wind flows is amazing. So when you look at property, check if some
other buildings are blocking the air and lighting or not. Which side the terrace or balcony faces and the view
outside.
7. Amenities Offered
You should also check what kind of amenities are offered along with property. Things like club house, parking,
lift, power backup, swimming pool, gym are some of the amenities. Now you might be a simple person who wants
minimal things, but if you want to make sure the property has very good resale potential, you might want to look

at these things. After all, all these things will matter to you or people connected to you and if not anyone, may be
the next buyer from you will look at all this.
8. Construction Quality
When you go to look at properties, check the construction quality. What we mean by it is check the walls, their
overall look and feel, how is the finishing done, Does it look premium or the paints look like as if it will come out
very soon. Check the wiring, fitting, tiles quality etc etc. If its a under-construction project, the only option you
have is to search on internet about the builder and its past project experiences and what previus buyers are
saying about it . Just put builder name or any previous project name along with + construction quality words
on google and you will be able to get some ideas like this project in chennai
9. Road Conditions Around Property
I saw one property which was a little inside the main road. The road was not straight , but was in zigzag fashion
and was not that wide. It was a inside road and not the main road, so there was no future potential of getting
better road. Travelling each day with same road will frustrate you in long run, but might not be on daily basis.
Also its not that safe in night. So when you look at any property, check the overall roads conditions atleast upto
500 meters from the project.
10. Locality and Kind of people living around
You should also check the overall locality and who all are living around. Are you comfortable there, will your
family be ok ? Will it be safe in night ? will you wife/mother be able to go on a walk for an hour in-case they wish
to ? These are some questions you need to answer before buying the property.

1.

Patta Verification

2.

Guideline Value

3.

Demand at least EC for minimum 15 years

4.

Check the Property Tax recipt till date & name

5.

if the Seller is a power Agent check weather he has all the rights to sell the property

6.

Check that the plot is approved by Panchayats/CMDA/DTCP/MMDA

7.

Check

that

the

property

belongs

to

which

zone

(Resi/Agri/Comm/Aquifier/Non-

Resi/industrial/Special)
8.

Check that the property had undergone any hier purchase, mortgage, loan, if so NOC from the
concern department

9.

Check that the plot can be approved for residential purpose in case of unapproved

10. Verify the documents with a legal Advocate

11. Check the documents with a Banker for Loan Possibility (without patta & Approval loan is not
possible)
12. Dont agree for any Oral Agreement , Never !
13. Check that the Layout has been alloted OSR Area ( temple, school, park, shop ) or else the owner
has to pay 10% of the land value to the Government for approval. Only if the layout exceeds
3000sqm,32258sqft,74Cents .
14. Insure that the Plot is minimum 500 meter away from National Highway, Sewage Cannal, Sea
Shore, River, Pond, Lakes, Dam, Airport, Busstand, Railwaystation, Nuculear Power Station,
industries.
15. The Registeration Stamp Duty charge will be 8% of land value and 1% as Registeration fees and
Misc Charge extra

16. The Road Width defines the no of floor you can build, in case there is Airport near by you can get
only G+1 permit
17. The Zone type and the Road Width defines how much area you can build, in case Aquafier
Recharge Zone you can get only 0.8 FSI wherels in residential Zone you get 1.5 FSI
18. Check the frontage length of the plot.
19. Check the type of ground soil.
20. Check the type of ground water.
21. In case of corner plot check the shortage area
22. Check the roadlevel height and rain water stagnating
23. Check for Vastu ( it will be better if it is east faceing and rectangle in shape ) , if you believe in it .
24. Check weather Drainage faculty is there.
25. Have a detail conversation with the landowners near by and always have touch with them
26. It is Mandatory to have the complete details of the property seller including his photograph.
27. If the plot is near by Burial Ground the value will get low.
28. Other Essential Facility Nearby & Need to Know are Schools , Collages , Busstand , Railway
Station , Ration shop etc. Understand that you need all these for next many decades , so are they
2-3 Km away or 10 Km away can become one of the biggest deciding factors
29. Make sure you have address and phone numbers of all the relevent and concerned offices like
Panchayats Office , V.O Office, R.I Office, Tahsildar office , Register Office,EB Office , Court ,
Police Station, Post Office
Source : Indianrealestateforum.com