Ready to Buy a Home in Nagpur? Consider these 5 Things First…
The moment you hear the word oranges, your mind immediately conjures it with the “City of Oranges” – Nagpur. From being a major fruit trade centre of India and the “Tiger Capital of India”, it will soon be synonymous as an IT and SEZ hub too. While retaining its tag of the City of Oranges and maintaining its lush green wildlife and forest landscape, it is evolving as an industrial hotbed and the next IT hub of the country.
With 22000, micro, small and medium enterprises (MSME), it is one of the fastest growing cities of Maharashtra, economically. Besides, leading IT companies like Infosys and TCS are also setting up their campuses in the Multimodal International Hub Airport (MIHAN) area. So, if you are ready to buy a home in Nagpur, it comes as a well-thought decision. The city’s real estate landscape is changing for the better and buying a home for living or investment is bound to be fruitful in this fruit trade centre of India.
However, before you settle on a project, consider the below points and then make a sound decision.
The Legal Aspect:Examine the land or property certifications before you leap in this direction. You should seek legal expertise in verifying the title of the property. It is important to clarify that there are no disputes over the property, which you are buying and no dues, which are pending for clearance from the side of the builder. Carefully review the sales agreement and get it examined by a lawyer. It should specify your name, flat and floor number, built-up and super built-up area, payment terms and date of possession among others.
Authorities’ Approval: There are a set of approvals, which a builder requires before, during and after completion of a project. You should be aware of such approvals and the legitimate approving authorities. It is important to check if the project is approved by the Nagpur Municipal Corporation (NMC) and Nagpur Improvement Trust. Besides, a project also requires the approval of the Maharashtra Water Department of the city, the Maharashtra State Electricity Board and the Fire Department. Even a no objection certificate is a must from different state departments. Moreover, you should have access to the building’s plan approved by the NMC.
The Developer’s Repute: In the course of the property research, you should acquaint yourself with the reputation of the developer. Invest in the project only if you trust the builder. To know more about the developer, do an in-depth researchof their past projects, seek testimonials and plan a visit to the earlier completed projects. Besides, the reliability is ascertainable if the developer furnishes documents upfront and adheres to the construction schedule.
The Amenities: Developers can commit various amenities in your apartment and common area. You should check with the developer regarding the brand and quality of fittings in the apartment. It is essential to know about the quality of electrification and flooring too. Even for the common amenities you should have a detailed list and ensure you get what is promised.
Infrastructure & Lifestyle: Before you take the plunge of buying a home in any city, it is essential to ascertain its infrastructure and the kind of lifestyle it can offer. Nagpur scales high on both these parameters. After privatisation of the utility services, the essential power and water supply and sanitation concerns are greatly tackled. Even when it comes to education, Nagpur boasts of some of the best institutions in western and central India. Besides, with several malls, tiger reserves, heritage sites, gardens and lakes, you can be entertained and happy in this orange city. It offers the perfect experience of modern and ancient India.
Along with the above factors,with the real estate graph going upwards in Nagpur, there are different prices that you will get to know. So, it is essential that you do an area recce and be sure of the price at which you are buying the property. Further, you must confirm what all does the costing includes? Sometimes, there is an extra cost of the parking space and floor-rise. Besides, you must also factor-in registration charges and other miscellaneous expenses.
If you consider the above mentioned 5 things before buying a property in Nagpur, then it will be worth choosing the Vrindavan township project of Radha Madhav developers. Located away from the hustle-bustle in Jamtha, Nagpur, besides the location beinga definite advantage, it is the amenities, different unit sizes, easy home loans and thereliability of developer, which makes it an ideal buy. You can also be assured of the pricing factor. To know more about this 111-acre township, click here and book your home in Nagpur in this best project.