Are you fascinated to buy an apartment in Chennai in your favourite destination for years? This could be the apt moment to bang on a great deal from Isha Homes. Yes! We have launched top-notch apartments for sale in Perungalathur. Right from ample choices to apartment customizations, Vastu compliant, and stellar building quality, we commit to deliver a home where you can cherish with your family for decades. Whether you are on the lookout for Flats for sale near Tambaram (Perungalathur) or finding the best place to buy a flat in Chennai, we have your back. With over a decade of experience, we have helped people like you to buy an apartment in Chennai.
Before you proceed on deciding a location or 2BHK or 3BHK, you shall need to be clear about the documents required and other notable things that could significantly boost your process of acclaiming a home under your name in no time! We hope you are looking forward to seeing all the vital things to know before buying a home in Chennai, and here we have given the gist of 8 points to consider.
1.Locational advantages to buy an apartment in Chennai
In order to buy an apartment in Chennai that aligns with your interests, you must shortlist a series of locations to fetch you good returns in future or to have the amenities for your needs in the respective place.
Buying an apartment or home at a developing location fulfils your dreams of purchasing a home and acts as an investment. When it comes to buying an apartment/house in Chennai, choose a proximity location to bus stands, railway stations, hospitals and other necessary amenities. This is why we have launched our project in Perungalathur to help you buy a dream home at an affordable cost with the added advantages of living in a city-like location that is slowly emerging as a hot tub.
Though it is not an effortless process, you can use apps, and with a bit of research, you can instantly decide on a location. For instance, if you see pop-ups on Google for prime locations such as apartments for sale in Perungalathur, you can get the location details from the piece of research right away. As a thumb rule, focus on scouting the location for your needs rather than the trivial parameters.
2.The credibility of the Builder
When you aggressively search builders on the internet, you might lose track of your needs and fall for the aesthetic digital appearance of non-credible builders. In most instances, when you click on the brochures of the best places to buy a flat in Chennai (of builders) or buy a 3BHK or 2BHK in Chennai, you end up seeing vivid layouts. Being enthusiasts, you shall not decide on buying the builder’s apartment based on the brochure.
The apartment layout mentioned on the brochure or the website could be the trap to contact the builder, but the actual structure could be different from the real size, location, and dimension. Hence, it is recommended to get a builder who has been in the business for decades and has served people with better residential apartments. A bit of research can pave the way to buy an apartment in Chennai seamlessly.
Most times, for instance, when you see an apartment for sale in Perungalathur or flats for sale near Tambaram, the amount mentioned will be of the essential cost. But during the time of signing the document, you ought to pay additional charges for GST, club, parking and other amenities to seal the deal. While calculating the total cost of the apartment, you must sum up these costs with the basic cost.
For instance, We, Isha Homes – a credible builder and a member of Credai. Our newly launched 2BHK and 3BHK apartment in Perungalathur, Chennai, can satiate your dreams of buying a home in Chennai at an affordable price.
3.Type of Development
If you are a person who is solely buying a property from the investment front, then you need to choose and buy an apartment that has a high potential to develop in over a decade. For instance, when considering Perungalathur as a location, we can see a clear difference between 2011 and 2021. Right from transportation service to basic amenities, the growth is tremendous, and the location is expected to boom in coming years. Considering this fact, we have launched ISHA Santhosham Project with 2 and 3 BHK Apartments. Don’t miss out on this opportunity to invest today to enjoy considerable returns in few years.
4.Approval by statutory authority
Having approvals from the statutory authority are the foremost and basic requirement for any builder to raise a building and construct a home as per the choice.
In order to raise a building from a piece of plot, a “certificate of commencement” certificate is mandated by the Govt. of India. Each builder must have gained this certificate after carrying out the planning engineering department’s inspection process (building’s foundation and other architectural parameters). This indicates that you shall ask for a copy of the commencement certificate before initiating price negotiation with the builder. This certificate is mandatory whether you want to buy a studio apartment or a 3BHK apartment in Chennai. The certificate also states that the builder has obtained the required permissions and licenses to raise a building.
The sale deed is one of the primary aspects to check after the commencement certificate to buy an apartment in Chennai. The Sale deed document is the legal and base registered document. This document is considered as the proof of transfer of the property or sale proof. It is recommended to read all the points and terms & conditions before attempting to sign the sale deed document.
Each building plan and the layout must be approved by the statutory authority. Hence, it is advisable to perform an additional check to cross-verify the documents. This process will ensure that the builder has abided by the law and no law has been broken. While cross verifying the documents, ensure that your floor (10th or 8th etc.) is approved in the planning document.
5.Visit the project location
When you wish to buy an apartment in Chennai, especially in the upcoming hot hub like Perungalathur, under-construction options are abundant. That is why you need to visit the location once and communicate with nearby residences about the area, water facility, electricity facility, and other necessary things available a couple of KMS away from your home.
What if the builder shows a home/apartment that is in the under-construction stage? In such cases, the builder must issue you “the letter of Allotment”. This is a specific document issued by the builder when you opt for an under-construction apartment, and the payment has been made accordingly.
The letter of Allotment comprises the apartment’s price, dimensions, apartment number, and other technical specifications. Besides, the document also involves additional payment information like parking, amenities, and maintenance charges that can incur soon after you onboard into the apartment.
For instance, Isha Home’s Isha Santhosham is an ongoing project for people looking to reside in a new apartment in 2022. This project comprises spacious 2BHK apartments and 3BHK Apartments in Perungalathur. We offer the letter of allotment on time for a seamless journey for people wishing to buy an apartment in this project.
6.Selecting the suitable/willing unit
Whether you are a nuclear family or a family of 5 to 6 people, you should wisely choose your units. For instance, 2BHK and 3BHK apartments are being booked by many people in Chennai owing to the space it provides to kids. If you have a super-activate kid, you can opt for a 3BHK apartment where you can allocate a playroom for your kid to spend their days happily. On the other hand, you can opt for 2BHK if you are just a family of 2 to 3 members to spend days and nights serenely. Understanding people’s needs, we at Isha Homes have initiated Isha Santhosham in Perungalathur with 2 and 3 BHKS.
As someone who wishes to buy an home in Chennai, you shall know about all the possible payment options that your builder offers depending upon the property. For instance, you must process a one-time payment when you purchase an existing or entirely constructed 2/3BHK apartment. On the other hand, when you buy an apartment under construction, you can split your payment at each stage of the development/progress.
7.Booking formalities
- Verify the property
- Look into the builder-buyer agreement
- Perform a Background Check
- Know the payment plan
- Know the allotment letter
- Check the floor plan
- Know the additional charges
- Know the loan interest and tenure (if applying for a loan)
- Book your apartment
When you buy an flat in Chennai,you tend to check the land use DTCP/CMDA certificate from the builder. Considering the fact that is Chennai is slowly expanding, and many agricultural lands are being converted into residential land, you should be cautious before booking your dream home. In order to be on the safer side and avoid discrepancies, demand the license copy order issued by the respective government authority. Isha Homes’ Sathosham is the best place to buy a flat in Chennai, Perungalathur, with all the mandatory documents are in place, such as CMDA approval and RERA registration.
8.Important Documents
- Title deeds of the Land.
- The Sale and Purchase Agreement
- The Building Approval Plan
- Â The Possession Letter
- The Completion Certificate
Builders tend to sugarcoat in their ads or brochures mentioning the built-up area as SQ FT. area of the apartment. Here is the part where you need to perform background research of the previous projects of the respective builder and their SQ FT. of the entire carpet area. When it comes to the built-up area, it involves all the communal areas, including the lobby, staircase and the space for other extra amenities. In reality, the carpet area of the apartment is usually 25 to 30 % less than the mentioned sellable area.
Focus on infrastructure when you are expecting returns out of your apartment in the future. For instance, Isha homes’ Santhosham Project is at Perungalathur, and the suburb is evolving as the next Tambaram with proximity to Chennai. Right from proposed metro connectivity to seamless road transport to Chennai, and with tons of development plans from the Govt. of Tamil Nadu, you can invest in an apartment in Perungalathur for fetching returns you could have never dreamt of. Besides, the project is within residential spaces, and you can live and experience fresh air far away from industrial pollution.
If you are looking to buy an apartment in Chennai with a seamless process, contact us. We will help you choose a location and project that aligns with your requirements.
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