Introduction:
Buying an Apartment in Hyderabad is a significant milestone, but it comes with challenges. There are multiple considerations, including the difference between physical and paper building. This guide by SAS Infra helps prospective buyers make informed decisions and avoid fraud.
Understand Paper Building / Physical Building: A physical building is a completed or near-completed property you can inspect, allowing you to evaluate the construction quality and surroundings of the 4BHK apartments in Hyderabad. A paper building, in contrast, is still in the planning or early construction stages, sold based on brochures or blueprints. While paper buildings offer customization and lower initial costs, they carry higher risks.
- Approval and Legal Documentation:
Ensure the property in Hyderabad is registered with RERA for transparency, adheres to HMDA norms (Hyderabad Metropolitan Development Authority), and verify property legal ownership through a Title Deed.
- Builder Reputation and Track Record:
Ensure that the Builder is financially stable to avoid delays in projects by investigating the Builder’s previous projects and the feedback from buyers.
- Location and Infrastructure:
Consider the proximity to essential services, ongoing infrastructure projects, and the overall locality. For example, SAS Crown South India’s Tallest Skyscraper is located at prime locations in Hyderabad.
- Physical Inspection:
Inspect the property for signs of poor construction and verify the amenities and facilities.
- Market Value and Financial Planning:
Make sure you are aware of hidden costs, such as registration fees and maintenance charges, before purchasing your property. Also, check your loan eligibility and interest rates.
Conclusion
Following these guidelines minimizes risks and ensures a secure investment. An informed buyer is less likely to fall target to fraud and more likely to enjoy his investment benefits when he purchases a home!
