What Are The Things One Should Consider Before Taking Possession Of The Property In Bangalore

Introduction

Buying a property is an important decision in a person's life. It is a dream of many, and the dream becomes true when you get correct possession of it. Sometimes, buyers are duped by the seller in multiple ways. Bangalore's real estate market is evolving. So, you should check certain things before taking possession. It will save a buyer from taking an illegal or poor-quality property.

Things to check before possession

Researching the property

A buyer should conduct proper research on the property. You should check all the details, including the builder's reputation and prior projects. The property should have legal documents.

Ensure you have the facilities you are offered initially. Checking all original and Xerox documents is mandatory.

Possession date

Check the date of possession of the property. Ask for chances of delays for the same. Make sure that you will get the property within the timeline. It is important for a buyer to get the property in time.

Amenities

At the time of booking, sellers always promise to provide amenities like a pool, gym, clubhouse, and so on. But always make sure the promised amenities are given after possession.

If there is any mismatch in the amenities, try to ask for it to the builders. As per the contract, you should get all the amenities offered.

Location

The location is a key point to look after before possession. The property should be near major areas of Bangalore. Its proximity to schools, colleges, hospitals, malls, and Bangalore's employment hubs is vital.

Check for nearby roads, metro, and railway stations connected to the location. It is a must to have great connectivity to the property in Bangalore.

Home Loan Facilities

If you want a loan for your property, you need to meet the Bank's guidelines. Banks sanction home loans after going through the property location, value, and legal papers. Make sure your chosen property is suitable for a home loan approval.

Hidden Costs

At times, builders charge hidden costs in the name of maintenance or registration charges. Ask the builders about these charges before taking possession of your property.

Resale Value

A property is an investment; check its resale and rental value. The property you buy in Bangalore should have good value in terms of sale or rent.

Configurations

It is one of the major points a buyer must check before taking possession of the property. There are many things you need to check in the rooms and utilities. Check wall paints, installation of doors and windows, and fittings.

Try to check drainage, leakage, and cracks as well. Also, make sure the rooms have proper air conditioning. The property should have CCTV cameras to ensure safety.

Taking the Keys

Take the set of keys from your builder before possession. You should obtain the keys at the time or before possession.

Conclusion

It is great news that you are buying a property in Bangalore. Thus, go through all the points mentioned. Do not forget to verify the name & reputation of the builder to ensure legitimacy. When you are satisfied with the location, documents, infrastructure, dates, and return value, then only take possession.

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