Purchasing a flats in Thrissur may be confusing for some of us because of multiple builders and their competitive facilities and convincing techniques. Not only the aesthetic of the building but the location and value appreciation in coming years need to be consider while purchasing the flat. Here we are sharing the list of items you should take into consideration while purchasing the flats in thrissur or any other location.
10 IMPORTANT POINTS YOU SHOULD KNOW BEFORE PURCHASING A FLAT
- Location
Ensure the location should be accessible and have enough width to the roads and internal roads. Also please do consider the future development of the location. This will help to get maximum returns upon resale.
- Land
As per the government norms the properties listed as Paddy shouldn’t be used for development purposes. Check the category of land and ensure it is suitable for residential purposes to avoid future conflicts. Also there is regulation for developing near ecospot and certain environmentally sensitive area in Kerala. Check for NOC of the land to clarify all these concerns.
- Government Approvals
As you know all the construction should be obey the building norms of Kerala Government. In addition to the land development permit, projects should get a clearance from RERA and obtain certification from this Regulatory body. Please contact for more information.
- Floor plan and architecture of the building
Check the floor plan and common area plan. You can seek the help of an expert to know the area and vasthu compliance of the residential area. Ensure your requirement will meet the architecture of the Flat.
- Vasthu
Lot of misconception are there while deciding the vasthu in a flat project. We have discussed this issue with one of the famous astrologer and the findings are as follows. Vasthu is applied to the whole building and when you check the vathu of an individual flat consider the position of the whole building. Not all the vasthu features can be applied to a single flat. For more information you can contact us directly.
- FAR (Floor Area Ratio)
This is a technical term but every buyer should be aware of this factor. FAR ratio is the prime factor deciding the cost of the individual flats. It is the ration of total square feet to the land area of the project. When the land has higher price, the square area likely to increase proportionally.
- Land Value
As described earlier check the land value of the project to determine the future appreciation of the project.
- Future Development Possibilities
Owning a flat in an area where there is a huge upcoming development would turns out to be a treasure for you. You will get a monthly income and a higher resale value.
- Bank Approvals
Bank approvals would also increase the authentication of the project. Check if the project has approvals from at least 3 leading nationalized banks in India.
- Goodwill of the Builder and after sale Service
Last but not least, inquire about the people behind the venture and their past ventures. Goodwill in the market is not an easy thing to get.
Hope you have gone through all the points mentioned above. We hope it will help you to choose the best flats/villas to spend your days in peace.
