Resale properties are those
properties which are pre owned and are available for sale from the buyer. It
may be used or it may be new, but buying a resale property is not always an
easy task. So before you make a decision read out the following tips that can
save you from falling in the pit.
Check out the NO OBJECTION
CERTIFICATION - Before cracking the deal makes sure the builder has all the
necessary documents and approvals from the authority. Since Noida is the realty
hub where the mass of the projects are coming up, therefore duping buyers have
become regular tasks of scamsters. So before you fall into the prey of them,
get assured that your property is approved from all officials and authorities.
Make sure the property is
registered - whether its residential, commercial or institutional plots in Noida, it is important that
it should be registered. Don't seal the deal till the time you get to see the
registration papers. Get legal experts on board if you feel doubted from the
seller's side.
Undisputed property - Make sure
the property you are investing in is not under dispute territory. There were
many projects in Greater Noida which were slashed by the courts and were termed
as disputable property. Find out the complete information about the project you
are investing in before you get into the monetary output.
Cash Involvement - It is very
typical to finance a loan on resale properties. Added on seller may want you to
pay partial amount in cash and the rest through Cheque, so make sure that the
deal is not fraud and you don't get deceived by any fraud dealer.
Buyers and Investors dealing in Resale
property in Noida and other regions in NCR need to be more careful as the
numbers of cases are running as a matter of solicitation in courts where one
party is running over the other over the fairness of it. Whether its
residential or commercial property in Noida, a certain amount called property
circle rate has been fixed by the authorities. This is the minimum amount you
have to pay for buying the property. If you are paying less than this, then
beware there is something really very fishy. Here are listed base prices of
some locations of Noida for residential properties: - Noida - For developed
sectors - Rs. 3,000 - Rs. 66,500 per sq. meter, for developing sectors - Rs.
26,000 to 28,500 per sq. meter, for rural areas - Rs.7, 000 - 15,000 per sq.
meter.
Writer: Ravi Chauhan is a Real
Estate Agent in Noida and he loves to explore the site like Brys
Buzz and Lotus Square Noida to polish his
experience and skills. He makes wise decisions and serves his clients to
provide maximum profit in real estate industry.