Procedure Of Buying Property In Noida
Buying a residential or commercial real estate in Noida is completely a different experience
. As it is close to the capital city, business hubs, commercial centres and housing societies have enveloped Noida and revived the entire approach of buying property. It is undisclosed that real estate in India is booming day by day and leaving its effects on Noidas property as well. Due to this, non-resident Indians are showing their real interest in property in Noida and other areas. However, you can search for a property yourself or with the help of other sources, it is always beneficial to take professional help. Real estate agents can be of great help in getting profitable deals, as they have profound knowledge about properties and its trends. Once you have found a property as per your requirements, the rest of the procedure of buying property is very simple.
The first step related to buying property is hiring a trustworthy real estate agent. The realtor or property agent will guide you in buying property in Delhi NCR regions. He will also help you in understanding all the legal terms related to buying and transferring property.
Your realtor will take you to the property flats or plots as per your needs and tell you about the pros and cons of buying property in that particular area. By and large, he is a counsellor who helps in getting the right
property in Noida using his experience and knowledge.
Once you have selected the property, you can negotiate the price with the seller, while your agent will draw up property agreement for property transfer.
You need to sign an agreement with the seller and deposit an amount of 10%-20% of the actual value of the property to transfer it one your name.
After the legal procedure of cross checking sellers ownership authenticity and property being from all types of debts and mortgages, the lawyer can take the documents of property for the buyer to take dealing to the next level.
He carries documents to the stamp duty officer to get governments authority stamp so that buyers can legally make property his own. Once the stamp duty is paid to the registrar, the seller becomes liable to get rest of the money and, finally property is registered on buyers name.
Laws have become a bit flexible for NRIs to buy property in India than before; however, before getting into a real deal, it is advised to collect maximum information about buying property in India. There are over thousands of flats, plots, commercial properties in Noida available for sale at present attracting potential buyers across the world. The trustworthy real estate agents in Noida have updated list of the homes that can help you land on some of the profitable deals.
by: Meenakshi Sharma
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