Flats for Sale in Chandigarh
Flats for Sale in Chandigarh
Owning a home is everyone’s dream. With career opportunities being more confined to big cities, people from surrounding rural areas and small towns shift to nearby big cities in search of better education, jobs and business. This type of condition creates a highly increased demand for housing. Though most of the people rent out houses and subsequently rents of accommodations shoot up like hell. In such conditions, paying high rent every month for a salaried person for residential purpose really pinches. Those who are in jobs prefer to buy low or high end houses as per their paying capacity. They think that instead of paying the high rents they would rather pay for the EMI’s after financing a house. This way their hard earned money will be well spent and not blown up in rents. Therefore every tenant dreams of becoming a house owner. Moreover, with easy home finance options available, they can easily fulfill the dream of their own home.
And Chandigarh city is no different, rather it is more in demand. Being a ‘city beautiful’ which is well connected, well planned and full of greenery, beautiful gardens and carpeted roads, it has become the centre of attraction for more and more people from all around the country. People from neighboring states like U.P., Punjab, Haryana, Himachal and J&K and many other places come to this city for permanent settlement. With rapidly increasing population, the city is fast becoming much more crowded and polluted day by day. The traffic has also increased manifolds. With skyrocketing population, the need for housing has prompted big and small colonizers to build houses to suit everyone’s needs. Thus building new flats in Chandigarh became the need of the hour. Of late, many big and small housing projects have been launched in the suburbs of Chandigarh that cater to the residential needs of the people. Zirakpur, Kharar and Derabassi are three main surrounding cities of Chandigarh that have witnessed a large number of residential and commercial projects coming up in the last few years. As of date, there are a number of flats for sale in Chandigarh. With a number of big fish in the game like TDI, Emaar-MGF, Acme, DLF and others, the buyer today has multiple options to choose from. These builders provide 2 and 3 BHK Apartments, Villas, Plots and floors with all modern amenities, wide roads and easy approachability. For a smaller requirement, there are others who sell even 1 BHK flats for a single living. Most of these Real estate projects are situated on highways and are located within a distance of 10 – 15 Kilometers from the city with an easy accessibility of the city. Many of these projects have been totally sold out, some are in final stage, whereas others are booking and they propose to hand over possession within a year or so. A huge number of families are already living in many of the projects, where the possession of homes has been delivered and more and more are shifting, as and when they get their possession.
There are also a large number of Ready to move in flats for sale in Chandigarh. A buyer has multiple options according to his need and budget. Almost all these projects provide features like gated community, round the clock security, water and power backup etc. Some of them have swimming pools, Club houses and even Golf courses in them. Green area is a common feature, wherein the residents get huge parks, landscaped gardens and kids play area. Some offer the facilities like Badminton and tennis courts. There are commercial sites also, where the markets have come up and the residents don’t have to go far for buying their daily needs.
Most of these flats for sale in Chandigarh have been built keeping in mind the latest trends and designs. They offer most modern architecture, quality building material, modular kitchens, Glazed or wooden floorings and modular cupboards in some rooms. The rooms are airy and balconies are spacious. Because of the competition, every builder tries to have an edge over the other by offering something extra. And in the process, the buyer is benefitted.
Flats for sale in Chandigarh offer an altogether exciting experience for the new buyers and those who are already residing in them, as these builders have their projects in beautiful, picturesque locations away from the city hustle-bustle. Most projects leave about 70 to 80 percent of the total land as green area and make eco-friendly apartments, thereby contributing their bit for the environment. One can really have a peaceful life and enjoy living in the nature with ample landscapes and greenery all around. There are upcoming markets within the vicinity of all projects. Therefore the residents have no problem in purchasing their day to day goods. They have vast areas to walk around and have morning and evening strolls besides organizing get-togethers to socialize with other residents. Moreover with foolproof security, the residents feel safe and secured, as all new projects have gated community and proper security checks.
Mostly, the Chandigarh flats price of 2 & 3 BHK ranges between 30 to 40 lacs. The payment plans are quite flexible. One has to pay just 10% of the total cost initially as a booking amount. And then there are construction linked payment plans, which go along with the construction as it progresses. Now, as the Real Estate Regulatory Authority (RERA) has come into force, the interest of the buyer is all the more protected. RERA keeps a regular check on these builders as now it is mandatory for every real estate developer to register its project under RERA. No builder is allowed to advertise about his project without its registration with RERA. A major part of the amount collected by the builder on account of booking of the flats has to be deposited in a separate account, so that the construction process is not hampered and the delivery of the flats is given on the stipulated time. Earlier, builders used to siphon off the funds into their other new projects instead of concentrating on the first one. Hence there used to be long delays in handing over the possession. There are many more instructions for the builders to follow under the act, failing which the erring builders can be prosecuted under the strict laws.
For the first time home buyer affordable flats in mohali , there are some suggestions. The first step is knowing one’s budget and then enquire about the finance options available from his bank or some other financial institution. After making a choice for the location, one should enquire about the reputation of the project. ‘Is the project RERA approved’ should be the prerequisite. And whether the company has all the mandatory compliances and approvals in place. Then one should check the neighborhood around his home. If that looks to be decent, then that seems to be a worth living place. Checking about safety and security should be one’s prime concern. Because a person can go off to work with a free mind, only if his family feels secure behind. Other factors which count are a nearby market or grocery store, where one can buy his daily needs. Approach of the colony also has to be safe and not too much crowded. It is always good to hire a reputed realtor, who is familiar with the project and type of construction that has been done. A realtor makes a lot of money out of your deal. So he can point out the advantages and disadvantages of buying a house in the particular society chosen by you. It’s worthwhile to mention here that a buyer should definitely ask about the sq. ft. area that he would get in the flat that he is buying. He should be concerned with only the carpet area and not the super built-up area. There is a difference in both. What you actually get is the carpet area and the super built-up area includes all the corridors, staircases, Lift areas and more. Therefore one should be curious to know only the carpet area, whereas the builders generally highlight the super built-up area. While finalizing a deal, enquiring about the EDC (External Development Charges) if any and the Maintenance charges is also quite important. One should know what he is going to pay every month for a lifetime as Maintenance Charges( affordable flats in mohali ), which is charged on monthly or quarterly basis. Ensure to confirm all these points before finalizing a deal.