Searching a Property in India

By: Alliance

The search for a good property in India leads to varied options in different cities. There are three different tiers of properties in India with first one including cities of Delhi, Mumbai and Bangalore that are metro cities with good infrastructure and facilities. The second segment has cities like Hyderabad, Chennai, Pune and Kolkata with rising income levels of people and good business environment. And the third tier include cities, such as Chandigarh, Lucknow, Ludhiana, Jaipur, Ahmedabad, Guwahati, Surat, Nagpur, Goa, Mysore, Coimbatore, Visakapatnam, Kochi, Vijayawada, Mangalore, Trivandrum and Baroda where various IT companies have set their centers. As all these cities are emerging markets, therefore they are good real estate investment options for buying and selling property. This is the reason that these cities are witnessing a great number of commercial and residential projects run by various developers.

Factors for property search

If you are searching a property in India then evaluate and research before buying it. The location of the property matters a lot as the property near some happening area will have more market value than the segregated ones. Along with it the unsecured and riot prone areas are avoided by the people as nobody wants to face incidents of robberies, burglary and theft. In addition to it, the good basic civic amenities of safe drinking water and systematic drainage system adds to the property value. The good connectivity of the property with airport, bus depot and railway station is also important.

After selecting the property, do verify with the developer all the due permissions and clearances from Pollution Control Board and Municipal Corporation. For more safe investment in property, one must always seek an advice of professional real estate surveyor who offers valuation services for real estate. Also scrutinize the title deeds of the property through an eminent lawyer. While buying any property be assured about the investment and its returns.

Financial assistance and foreign investment

One can get easy avail financial assistance from different banks in India as financial institutions have come up with various home loan schemes that can help you in availing home at easy installments. There are various loan schemes from different banks that offer EMI options according to the monthly income and expenses. The foreign residents can also buy property in India as the Reserve Bank of India allows foreign citizens of Indian origin to invest in real estate like they can do investments for bonafide use of residence.

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