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Are you planning to buy a luxury apartment? Do not do it without collating this data. If you're so far along in your professional life that you can afford the comfort of an expensive luxury apartment, make sure you don't rush your purchase decision. Please verify the following details before proceeding with the deal:
Location
Regardless of how lavishly a luxury apartment is built, its location would play a key role in its purchase in the end. You should consider factors like the time it takes to get to work, school, and even downtown areas. It can make a lot of sense to do a site survey to find out if there are any potential irritants like noise or air pollution. There is no point in investing crores of rupees in a property and then having to live with the constant honking of vehicles all night long!
Is the paperwork okay?
A typical luxury apartment can cost you around Rs. 2 million rupees and more. Since it would be a large one-time investment, you'll need to make sure all your paperwork is in order. The property in question must have a clear title and be free of legal disputes. Check if the builder has obtained the necessary permissions from the relevant authorities. All in all, the property must legally be worth every penny you spent on its purchase.
Maintenance charges
In general, most of the luxury apartment projects come with high maintenance charges as a lot of money is needed for daily maintenance of outdoor amenities, electricity backup, security systems and other important facilities. So if you're buying a luxury flats for sale in Chennai just as an investment, the high maintenance charges can add significantly to your monthly expenses.
Build quality
Carry out a thorough control of the quality of the construction of the apartment. Do not hesitate to contact the builder if you need it and find out about the building materials used in the construction. You need to make sure that the quality of the 3 BHK apartments in Mangadu is worth the money you pay for it. Also consult the different facilities and services available both outside and inside the apartment. Avoid getting carried away with fancy accessories and frills. It doesn't matter if the accessories look fancy, they may not be of much use if they don't work properly. In addition, complicated interiors can also mean more expenses in the general maintenance of the apartment.
Value appreciation
If you are buying the apartment solely for investment purposes, you will need to do all the necessary calculations to ensure that it will increase in value in the coming years. The builder's reputation in the market, proximity to essential services, land value, infrastructure, etc. are some critical factors you need to consider.
Also, carry out a thorough analysis of the expected development in the area and the city in question. The apartment can generate exceptional returns in the future if there is metropolitan connectivity in the pipeline. Check out the master plan for the area and see what kind of infrastructure developments are expected in the near future.
The timing of your investment can also play a key role in maximizing your returns. Buying the right property at the right time can make you a lot of money!
About Us
Altis revolutionises the way homes, offices and social spaces are built. A comprehensive understanding of the real estate sector has helped us construct 1.5 million sq. ft. of residential space. We are renowned for building a successful range of premium and luxury homes and our steadfast commitment to on-time delivery and solid build quality is well documented. This has helped our brand garner trust and build a loyal customer base.
Website - https://altisville.com/
Location
Regardless of how lavishly a luxury apartment is built, its location would play a key role in its purchase in the end. You should consider factors like the time it takes to get to work, school, and even downtown areas. It can make a lot of sense to do a site survey to find out if there are any potential irritants like noise or air pollution. There is no point in investing crores of rupees in a property and then having to live with the constant honking of vehicles all night long!
Is the paperwork okay?
A typical luxury apartment can cost you around Rs. 2 million rupees and more. Since it would be a large one-time investment, you'll need to make sure all your paperwork is in order. The property in question must have a clear title and be free of legal disputes. Check if the builder has obtained the necessary permissions from the relevant authorities. All in all, the property must legally be worth every penny you spent on its purchase.
Maintenance charges
In general, most of the luxury apartment projects come with high maintenance charges as a lot of money is needed for daily maintenance of outdoor amenities, electricity backup, security systems and other important facilities. So if you're buying a luxury flats for sale in Chennai just as an investment, the high maintenance charges can add significantly to your monthly expenses.
Build quality
Carry out a thorough control of the quality of the construction of the apartment. Do not hesitate to contact the builder if you need it and find out about the building materials used in the construction. You need to make sure that the quality of the 3 BHK apartments in Mangadu is worth the money you pay for it. Also consult the different facilities and services available both outside and inside the apartment. Avoid getting carried away with fancy accessories and frills. It doesn't matter if the accessories look fancy, they may not be of much use if they don't work properly. In addition, complicated interiors can also mean more expenses in the general maintenance of the apartment.
Value appreciation
If you are buying the apartment solely for investment purposes, you will need to do all the necessary calculations to ensure that it will increase in value in the coming years. The builder's reputation in the market, proximity to essential services, land value, infrastructure, etc. are some critical factors you need to consider.
Also, carry out a thorough analysis of the expected development in the area and the city in question. The apartment can generate exceptional returns in the future if there is metropolitan connectivity in the pipeline. Check out the master plan for the area and see what kind of infrastructure developments are expected in the near future.
The timing of your investment can also play a key role in maximizing your returns. Buying the right property at the right time can make you a lot of money!
About Us
Altis revolutionises the way homes, offices and social spaces are built. A comprehensive understanding of the real estate sector has helped us construct 1.5 million sq. ft. of residential space. We are renowned for building a successful range of premium and luxury homes and our steadfast commitment to on-time delivery and solid build quality is well documented. This has helped our brand garner trust and build a loyal customer base.
Website - https://altisville.com/
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