How to buy/invest in a quality apartment in Chennai
Buying an apartment is a huge decision. With high prices and an ever-rising housing market, it is important to know what to look for when investing in a property. This is not just for investors, but for anyone looking to move into their own home. Here are some things to look out for when buying an apartment.
- Check the builder’s Expertise
Buy an apartment from experienced developer with a good track record. The developer should have expertise in the field, even if they are new, the developers should have enough experience & expertise in the construction field.
Check if the developer has applied to the local authority for the building permissions, Check the developer’s credentials through local authorities’ approval via RERA/ CMDA/ Plan approval etc, and Check the progress of the construction or previous construction if any.
Dealing with the best in business will help you make a better choice of the property, ‘well begun is half done ‘ensuring that you will be in safe hands.
- Look for an apartment that is well-constructed and has good amenities
Look for the quality of the construction, this can be done through researching on the developer’s current work in progress, or previous construction, or we can ascertain that the developer will deliver quality with their expertise in the field & credibility in the market.
Look for number of total units, number of units in each floor and total floor, unless it is a gated community, the lesser number of units in a floor, gives a touch of an independent villa comfort at the price of an apartment.
Look for latest smart features, may be a electric vehicle charging point etc, will be an added advantage in today’s technological development towards electric automobiles.
- Make sure the apartment is located in a good neighborhood
Choosing a good neighborhood is an important factor in deciding an apartment purchase. Ensure the locality is well connected through road; rail etc and all important amenities are available nearby such as schools, colleges, proximity to main connecting roads, health care facility, entertainment facilities – malls, multiplexes, public parks etc. Also the locality should be well developed, with residential developments. Check if there are any other infrastructure developments like railway projects, road and amenities developments.
Some of the major locations in South Chennai which provide affordable living include
Mylapore, Adyar, ECR,OMR, Velacherry, Madipakkam, Porur, etc,
- Make sure the apartment is priced reasonably
Research on the price point of the apartment, the prevailing market conditions, the facilities and amenities you get for the price point. Ensure it is within your budget and affordability.
In search of our answers to How to buy/invest in a quality apartment in Chennai, we have found, the following points are important to make a decision
- Look for a quality builder who has a good expertise in the field
- Look for an apartment that is well-constructed and has good amenities
- Make sure the apartment is located in a good neighbourhood
- Make sure the apartment is priced reasonably
Hope this would have thrown light on some of the points to ponder upon, before buying an apartment in Chennai.
Start your search for the perfect apartment today!
Tuya Homes Aarudhara , Ram Nagar Madipakkam & Mylai Marie Agam , A stone throw away from Santhome beach, Santhome
