Property Related Doubts: 10 Critical Questions to Ask Before Buying Any Property
Property Related Doubts: 10 Critical Questions to Ask Before Buying Any Property
Blog Article
Buying property is a major financial decision, yet many buyers rush in without due diligence, leading to costly regrets. In India, 68% of property disputes arise from issues that could have been avoided with proper checks.
This guide outlines 10 crucial questions every smart buyer must ask:
Is the Property Title Clear?
- Verify a 30-year title chain, encumbrance certificate, and mutation records to avoid legal disputes.
Are All Approvals in Place?
- Check RERA registration, commencement certificate, environmental clearance, and occupancy certificate to prevent legal issues.
What’s Included in the Total Cost?
- Hidden costs like maintenance deposits, parking charges, stamp duty, and GST can add 15–25% to the base price.
What Are the Payment Plan Terms?
- Avoid plans demanding high upfront payments without construction-linked milestones.
What’s the Builder’s Track Record?
- Research past project delays, RERA complaints, and financial stability to gauge reliability.
What Are the Exact Dimensions?
- Understand carpet area vs. super built-up area to ensure fair pricing.
What Infrastructure Developments Are Planned?
- Verify upcoming roads, metros, and commercial hubs to assess future appreciation.
What Are the Society Rules?
- Check restrictions on rentals, pets, and renovations to avoid surprises.
What’s the Exit Strategy?
- Analyze resale demand, rental yields, and competition for better investment security.
What’s Not in the Contract?
- Ensure clauses for builder delays, defect liability, and cancellation terms are included.
Conclusion
These 10 questions help safeguard your investment. At AroundTown Realty, we’ve guided over 1,200 clients to smart property decisions.
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