Property Buying Checklist For 2020

 Buying a property is always a huge investment for any individual considering the current property rates going on for properties for sale on SV road. You will want to be very considerate when choosing a property that will provide its worth in every way possible. People usually make some mistakes buying new properties as they are not much educated or are unaware of the important things to check before purchasing.

So here we have compiled a checklist to make it easy for anyone heading out for purchasing of properties for sale on SV road.

1. There is less hassle in inspection now as RERA has strict rules and there are hardly any unauthorised constructions found. For checking the details of the property on the RERA website get the RERA number.
2. The current on-going rate of 1 BHK properties for sale on SV road can be checked by inquiring few people or agents. You must do this step so that you do not land up with a deal that will cost you more than the actual rate.
3. Check the registration of the properties for sale on SV road and if the society is well maintained so that you have lower chances of getting cheated and the legal matters are also handled smoothly.
4. Prior to giving out the token money for the deal check the original documents and any of the previous sales chain of the documents.
5. Know whether the property is eligible to get a loan from banks. Enquire why? If not eligible. And if yes, check whether there are on-going loans if it is cleared or not.
6. If the property is 10-12 years old, you have the benefit of saving some money while paying the stamp duty payment. For this, you will have to get a letter from the municipal corporation.
7. Check the space area mentioned for 1 BHK flats for sale on SV road whether it is carpet area, built-up area, or super built-up area.
8. Check if the property is approved by CIDCO or if it old, whether they have proper CC, plan copy and 7-12 utara documents with the seller.
9. Check if all the previous dues are cleared for amenities in the property like the electric bill, yearly municipal tax charges, society maintenance charges, etc.
10. Before registering any property, it is a must to obtain a No Objection Certificate (NOC) along with property clearance note from the society.
11. Saving on stamp duty is not a good idea as during the time of litigation you will not be able to fight legally with it. It is good to interact with the secretary of the society, as it will help you know some of the legal pending from society, matters related to share certificate, maintenance, and NOC.
12. Prior to giving token amount for 2 bhk flat for sale on SV road check some important documents for society NOC, name on the electricity bill, receipt of property tax paid, name on maintenance receipt, previous agreements of purchase and sale, floor plan of the building and the win you plan to purchase the flat, and the legal government stamps on all the documents.
13. The most important step is to get the signatures of the seller on a 100-rupee stamp paper along with the left thumb fingerprint and the photo of the seller before handing the token amount. The terms for registration date and if for any reason the deal gets cancelled must be made very clear.

Conclusion

It is mandatory on the part of the buyer to check all the above points when purchasing properties for sale on SV road to avoid getting into any wrong deal.

Chandak Group makes sure you have a smooth running on all the legal processes carried on regarding the purchase of the property. To know more visit their website at www.chandakgroup.com

Top 6 Factors Help You in Deciding Which Floor to Buy a Flat On

 Nowadays, high-rise apartments are becoming a common sight in many Indian cities. This is not the case in only metro cities but even in small cities. There are some reasons why people love to invest in high-rise residential property. So, if you are searching for high-rise residential properties for sale in Worli, you should consider the following factors.

This blog will shed light on the best floor to live in luxurious 2 BHK apartments at Worli. So, without further ado, let us get started.

1) Privacy and Security Concerns

Usually, lower floors are unsafe as compared to higher floors. The reason behind it is, it can easily get accessed. If you are keen on staying on a lower floor and searching for the 2 BHK for sale in Worli then you should thoroughly examine the security arrangements in the apartment. Make sure the apartment has CCTV installed for security purposes. If the apartment you choose to live in is in a congested area then a higher floor is the best choice for you to live in as it is likely to be quieter and more peaceful.

2) Fire Safety

When you buy a 2 BHK for sale in Worli on a higher floor, fire safety can be an issue. Ensure that the building you choose to live in has Occupancy Certificate (OC) by the local authorities. When the apartment you are purchasing has an OC, it states that it meets the fire department’s safety criteria.

3) View

If the view is an important aspect for you then you should consider higher floors as they can give you the best possible view points. If your apartment is located near the sea or a scenic area then the view is an important factor and higher floors can be your best bet.

4) Number of Lifts and Staircases

Ideally, there should be 2 lifts in each high-rise apartment so that when 1 lift is not working people can use the other functional one. This factor is the most important to consider if you have elders and children in your family. Also, make sure that the staircase offers the convenience to walk and access the floor easily when there is an emergency or the lift is not working properly.

5) Rental Returns

If you are buying 2 BHK for sale in Worli for the investment purpose, you should consider the lower floors. The reason is that usually, Indian people have an attraction for staying closer to the ground. Also, the lower floor will fetch better rental returns. Of course, climate plays a major role in this matter. In cities like Mumbai and Bengaluru, you should prefer the upper floor, while in Delhi-NCR and Chennai lower floors are the first choice for rental purposes.

6) Family Considerations

If you have children and elderly people in your family then it is always good to choose your home on a lower floor. It adds safety points and also convenience. Apart from this, if you or someone in your family suffers from a mobility impartment or has the height fear then you should prefer lower floors.

Conclusion

In summary, a high or low floor, each has its own advantages and disadvantages. So, before you make a decision and search for luxury apartments for sale in Worli, you should weigh all the factors discussed above and choose the floor that suits your lifestyle better.

If you are looking for the luxurious 2 BHK for sale in Worli then connect with Chandak Group - www.chandakgroup.com. They are well-known for constructing high-rise, luxurious apartments in Mumbai. 

Possible Merits and Demerits of Different Floors

 When searching for the 2 BHK property for sale in Goregaon West or 1 BHK properties for sale in Goregaon West, there are many factors that a homebuyer should consider. It includes location, price, proximity to public transportation, and closet space. All these factors are highly important when finding the perfect place to live.

However, there is another vital factor that one should never overlook is – the apartment floor. It has the potential to affect your daily life. Now, you must be wondering which is the best floor to live in when I decide to buy 2 BHK property for sale in Goregaon West or 1 BHK in Goregaon West near station?

Remember, top, middle, and bottom – each floor has its own perks and cons. This blog speaks about the possible merits and demerits of different floors.

1) Top Floor

Let us first discuss the pros of living on a top floor.

Pros of Top Floor

• If you are an occupant of a top floor flat then undoubtedly you will enjoy the best view of the surrounding areas.
• You can have even easy access to the building terrace.
• Also, you will enjoy added privacy and independence. It actually enhances the appeal of the top floors when you are in search of the 2 BHK property for sale in Goregaon West.
• You do not have to deal with noise from foot traffic, both inside and outside of the building.
• Living on a top floor will give you added height and more exposure to natural sunlight.
• There will be fewer visits from unwanted pests and critters.

Cons of Top Floor

• You might have to spend out more money if you want to enjoy an incredible view of the sea from the top floor.
• In summer, you have to deal with heat rises if you are living in a climate city.
• You have to shell out more money for the same utilities that the middle or bottom floor occupants will enjoy, as usual; the higher floor flats are more expensive.
• When the elevator is not in a functional condition, it will become really difficult for you to reach your home by climbing a staircase.

2) Bottom Floor

Pros of Bottom Floor

• The main and important benefit of choosing to live on the bottom floor is that you will enjoy easier access when you want to bring in heavy loads.
• The bottom floor occupants will enjoy less electricity bills as they do not have to face heat rises in summer.
• You will get more options for outdoor space as you have easy access to the backyard or courtyard.

Cons of Bottom Floor

• Living on the bottom floor is noisier.
• When you decide to live on the bottom floor, your flat will be more susceptible to get unwanted pests which can be a major turn-off for you.

3) Middle Floor

Pros of Middle Floor

• You will enjoy consistent bill prices.
• You will have easier access to your home.

Cons of Middle Floor

• There will be some noise level that you have to face when living on a middle floor.

To Sum Up

In a nutshell, your home is meant to be a place of comfort and peace. So, ensure it has everything you need to feel safe, secure, and happy. Everything right from the cost of the flat to which floor you choose to live in as equal importance. So, never overlook any factor.

Are you ready to start apartment hunting 2 BHK property for sale in Goregaon West? Then, Chandak Group - www.chandakgroup.com has a lot to offer you. They are skilled and seasoned in constructing high-rise buildings for more than a decade.  

5 Smart Questions to Ask While Choosing Your First Office Space

 Ahhh, the smell of the fresh paint! The attraction of a gleaming building! The exhilaration of finally establishing your startup in your very own office! Selecting your first office space in Andheri is exciting. It can predict your business’s brilliant future. However, if you are not careful, selecting the wrong commercial office space in Andheri east could decrease your business ROI by negatively impacting your business.

Remember, selecting the right office space in Andheri is crucial to your business. Just don’t focus on your present needs of the business but consider what your company will need in the future to expand to be successful. You should definitely not spend more than you can afford. In short, before biting more than you can chew, ask yourself the following questions.

1) Do You Really Need One?

The first and the most important question you should ask yourself is whether you really need an office space in Andheri in the first place? If yours is an online startup without any employee then it makes no sense in investing in office space. You can work from home in this case rather than taking out an additional loan or lease. When you are starting up saving your unnecessary expenses can save you from debt. So, before making any final decision, analyze your business needs, and think would this office space help or hurt your venture?

2) Is It Fits Well With Your Budget?

When choosing your office space ensure that you can afford it even after a year and hiring new employees or when it is inventory shrinkage. Before settling down you must consider utilities, furniture, insurance, and upgrades that will come with your brand-new office space. Understand well, what is included, and what is excluded. It will help you in saving lots of extra bucks.

3) Are You Going To Be Here Forever?

Before taking any final decision, ask yourself – are you going to be here forever? If an answer to this question is NO, you must opt for simplicity. You can even cut back on needless features and devote your budget to grow your business.

4) How Is The Location?

Location is one of the most vital factors that you should never overlook while selecting your office space. We hope that by this point you have analyzed your target audience market. So, before signing your purchase agreement, make sure that your target consumers are near the location. Ensure that the office space you are planning to buy has enough parking space, neighborhood safety, and amenities. Analyze what is around and who is around (competitors). Think about whether your business location can accommodate your business and its goals. Remember, the area that works for someone else might not work for you. So, do proper research and then only invest.

5) Does This Office Space Match My Brand?

If you run an online-only store, the office space is not important for you. However, if you are not running it, then think about how the office space will represent your business. Ensure that the office space that you choose represents your business well and positively contributes to your brand by supporting your current and future growth plans.

Concluding Remarks

The above-mentioned questions are important to take into consideration as an investor. Share your experience with us in a comment section below while you were out there in the market purchasing your first office space in Andheri

If you are searching for the right commercial office space in Andheri East that does not have excessive overhead and situated in an area that is easily accessible for you, your consumer, and employees then get in touch with Chandak Group - www.chandakgroup.com. 

Apartment vs. Row House: Which One is Better to Buy?

 Whenever you check the residential property for sale on S V road, the immediate question that arises in your mind is that, “should I purchase a smart 2 bhk apartment on S V road, smart 1 bhk apartment on S V road, or a row house?

Generally, the well-accepted norm for a house purchase is choosing a property at a breathtaking location. Of course, selecting a better location would give you a better appreciation of your investment. Some people prefer to buy an apartment or others love to invest in independent houses. Generally, in a metro city like Mumbai, property rates are sky-scraping these days. That’s why whenever homebuyers are searching for the residential property for sale on S V road, investing in apartments compels them the most due to their slightly cheaper rates than a row house.

In this blog, we will shed light on some other major differences. It will help you make your buying decision easy and know flat or row house is a better choice for you whenever you are on the hunt for residential property for sale on S V road.

1) Amenities

At the time of purchasing, when you invest in a flat, it comes with some added values such as security, parking space, water system, fire safety, power backup, and so on. On the other hand, in an independent property, you have to spend extra money on setting up all these services. Approximately, you need to spend 2 to 3% of the total property value on all these amenities when you choose to buy a row house. On the contrary, in a flat, the developer provides all these amenities in advance for the first 2 to 3 years. After that, these services are taken over by the RWA.

2) Mortgage

When you decide to take a home loan at the time of buying the property, you will get a home loan easily for a flat than a row house. Lending banks usually make a list of legitimate projects where a buyer can effortlessly get his loan approved. On the flip side, the bank sanctions loans for independent property only after a strict examination of the borrower’s reputation and financial capability.

3) Under-construction Property

For example, you choose to purchase an under-construction property. There are many challenges to this. But, the problems significantly reduce when you invest in a flat. If you decide to buy a plot and then build the house on it then it would be a long, burdensome, and tiring task.

4) Maintenance Cost

Once you have purchased a property then your work does not end here. Once you start living in your own house, the property requires continuous efforts for maintenance, cleanliness, construction, and repair. But, it is observed that the maintenance cost of a row house is more than that required for a flat. It is because, in a flat, the maintenance cost is taken by society’s RWA. Therefore, pooled resources drastically reduce maintenance costs.

Concluding Remarks

Hopefully, the above discussion made you clear in getting the right one for you. Any questions, views, and ideas on the topic are welcome. Let us know in the comment section below what do you prefer? A flat or a row house?

If you are searching for the luxurious residential property for sale on S V road, connect with Chandak Group — www.chandakgroup.com. They are specialized in creating luxurious smart 1and 2 bhk apartments in Mumbai and they are fully committed to nurturing housing and real estate qualities in various locations in Mumbai.