A metro city, Chennai is developing rapidly owing to the various corporate offices having their headquarters here. The growing employment opportunities have in turn led to a demand of real estate investment in the city. If you are looking for plots for sale in Chennai or apartments for sale in Chennai, then now is the best time to invest. Buying luxury apartments in Chennai is definitely a big milestone and if you are all set to achieve it then here are a few tips that should help you in the process.
Location Before you finalize the flats in Chennai, it is essential that you are sure about the location that you are investing in. The location of your flat can make or break a deal. Before you make the sale, visit the location so that you are aware about your surroundings and what to expect. Get acquainted with the location so that you are happy with your purchase.
Background Check Before buying apartments in Chennai, it is best to carry out a background check whether you are buying a pre-existing apartment or an apartment in a newly constructed building. This will help you make an informed decision.
Payment Strategy You should be aware of the various payment options available to you. Usually, if you buy a flat in a newly constructed building, you will be allowed to make payment in parts as the project develops, however if it is a pre-existing building, you will be expected to make a one-time payment.
Letter of Allotment When you buy an apartment in an under construction building, the builder will assign you an apartment and send you an allotment letter. This letter will have all the details such as area, price and other details. It will also include information about the extra charges of amenities, parking and more.
Contract of sale If you purchase an existing flat, the seller will require you to sign a sale agreement after agreeing to the terms & conditions. If you are buying flats for rent in Chennai in an under-construction building, then you will sign the sale of contract after making a reservation.
Registration & Possession When you buy an apartment, the last step is to take ownership of it. Post that, it is your job to register the property in your name and obtain legal possession of it.
Buying a house in Chennai is a great option and if you are new to the city then you are definitely going to love what the city has to offer in terms of lifestyle as well as growth.
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