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TIPS ON BUYING AN APARTMENT
With the emergence of nuclear
families, the growing apartment culture has been instrumental in breaking barriers
and offering the advantages of community living. Apart from this, good apartments,
offer its residents the convenience of lifestyle facilities like a club-house, swimming
pool, gymnasium etc apart from increasing aesthetic value of the development by
creating visually appealing landscapes. The security concern is also minimised to
a large extent with the hi-tech security gadgets that good apartments offer today.
Read On, For A Few Tips To Guide You In Making
The Right Choice :
Define Your Requirements For A Home
- You want to buy an apartment for
self occupation or for investment.
Your preference of apartment size? How many bedrooms do you require? What should
be the optimum size of each room? Does it meet your present and possible future requirements? This check should simultaneously be made for sizes of living room,
dining room, kitchen and balconies.
- Decide on a budget. You also have
the option of availing a housing loan.
- Your location preference - Close
proximity to schools, colleges,hospitals, supermarkets, etc.
- Would you require an open or covered
parking?
- What about water and power supply?
Is it sufficient to meet all your needs and demands?
- How good is the ventilation and
direction?
- What are the specifications offered
i.e. the kind of floorings being offered, the tiles in all
the rooms, the quality of woodwork for doors, windows etc. ?
- What are the amenities offered like
club house, swimming pool, gymnasium,
supermarket, etc.
- Security and maintenance.
Check The Legal Aspects :
- Check whether the property has clear legal titles
- Carefully scrutinize the contract,
and consider a legal review before signing.
- Ensure that the developer has entered
into proper development agreements.
- Check if the developer has the authority
to sell. Scrutinize the draft of agreements to be executed for sale by the developer
- The sanctioned building plan should
be verified and a confirmation from the municipal authorities has to be taken about
its adherence to building bylaws.
- Be sure that the developer has acquired
approvals from the Municipal Corporation, Area Development Authorities, Electricity
Boards, Water Supply & Sewage Boards.
- Check if the developer has title
and possession, including the right to convey transfer.
- Check if the transfer of property
approvals have been obtained from the statutory land development or planning authority
or competent authority constituted under the Urban Land Ceiling and Regulation Act
and the Income-Tax Act. If so, have the approvals been obtained?
- Ask for completion and occupation
certificates.
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Check the approximate stamp duty & registration cost involved.
Check The Other Aspects
Location of
the building. Also check the approach roads and surrounding areas
- Check the distance from facilities
like schools, colleges, transport facilities, markets, hospitals, etc
- Find out the general profile of
owners in the building
- Visit the developer's earlier projects
to check out the quality of the construction,
landscaping, and other amenities.Find out about the architects and the contractors.
- Check for the specifications offered
by the developer - flooring, sanitary / kitchen fittings, etc.
- Check on amenities provided in the
building and if any additional cost is involved for the use of these amenities.
- Check on the availability of uninterrupted
supply of utilities like water & power, a good drainage system.
- If the building is under construction,
confirm tentative time for completion - enforce suitable penalty in case of delay.
We are a firm of Planners, Engineers, Builders and constractors functioning with our registered office at Chennai. The firm was originally established in the year 1997 in the name of Welcome Consortium and was renamed as Vel Shelters in the year 2003.The firm today continues to operate under the same name and is managed by Mrs.Malini ME. We have planned, designed and supervised some projects all over tamilnadu comprising of New town Development, Campuses for small and large Residential Colonies, Resort Development, Residential and Commercial Buildingsamong others.We have also made significant contributions to the development of planning architectural and engineering technology in educational and research fields. They have won awards for such contributions.We have a total staff of about fifteen which includes planners, engineers, electrical engineering and other technical staff. We also have in-house capabilities for electrical engineering and public health engineering, Design Services for specialied services like tower work, fine safety and landscaping.We are well equipped to render comprehensive and engineering services for all type of buildings.This includes and in-house compute facility with the following software services.
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