Decisions like investing in a property are not taken in haste; there goes a proper
market research and analysis before actually investing in any property. Since buying a property in Delhi-NCR is not a cheap affair, therefore it is imperative to go for detailed analysis before purchasing or investing in any property. Prices of properties have increased drastically in Delhi-NCR recently. However if someone is looking for a residential property they can always consider to buy flats in Ghaziabad. There are various residential properties for sale in greater Noida which can give a high rate of returns on the investment.
However, buying property is not an easy task. One has to check several things, to make sure that they are making the right decision. Following are the points that may help you in taking the right decision.
Legal formalities and paper: Before actually purchasing any property make sure that the legal formalities are completely done and check for the original document of the property. You may also review the TITLE DEED as well. Title deed is a legal document which defines the ownership of a property. Also make sure that if the property is used as a mortgage to raise any loan, that loan is fully paid.
Make sure the property is not disputed: Make sure that you do not end up buying a property in dispute. Buyers are advised to demand an ENCUMBRANCE CERTIFIACTE to check for any dispute on the property. Encumbrance certificate is a document/certificate which certifies a property to be a dispute free property. These can be collected from sub-registrars office. Also if there is more than one owner of a property, make sure that you get release certificates from the other owners as well (Not involved in the selling process).
Compare prices: Buying a property is an investment that may cost you lakhs and at times crores of rupees. Make sure that such a huge investment is worthy of it. Buyers are advised to do a detailed and intense research of the market and then choose the property to invest. Compare the prices of different properties in the market and then basis the merits and demerits choose the one which you think is the most appropriate. At times, buying a cheap property may or may not be beneficial; return on investment is the factor to judge your decision.