Hyderabad is a city where the land prices and upgradation in amenities have taken a drastic upward turn, making it one of the best options to buy flats. One of the most prime concerns is financing your home purchases. Bajaj Finserv Homes and Loans has one of the easiest and quickest processes with minimal documentation to ensure your home loans are approved on time.
Selecting apartments according to one’s preferences with a proper location, amenities and affordability is a tough task. With projects like Rainbow Vistas at Rock Garden, developed by one of the most trusted and reliable developers Cybercity Builders and Developers – the city is on its way to provide happier and better homes.
Here are some of the important things to consider while selecting best apartment in the city:
Amenities and Extra Costs
Apartments and Villas both pose an excellent opportunity for buying and investing purposes. While there are all the important amenities like security, water and electrical supply, an independent Villa would include some additional costs for maintaining services. If you are looking for a Villa for investing or renting purposes, you would have to pay an extra 2-3% of the total purchase price for backup electricity, water system, etc. However, while choosing an apartment, these amenities are already provided by the developers for the first two to three years. After that, the services are handed over to Residents’ Welfare Association (RWA) for managing security and maintenance issues.
Property is one of the most valuable assets when it comes to reselling. In this case, a house for sale in Hyderabad is a better option to resell, instead of reselling an independent Villa. With increasing demand in buying apartments as property, the developers are coming up with such projects which only have 2 and 3 BHK apartments. The demand for 2 and 3 BHK apartments in rapidly increasing in Tier-II cities also.
Mortgaging also benefits the buyers of apartments over independent properties. Banks have an approved list of sanctioned projects where loans by the buyers can get an easy approval. On the other hand, approving loans for independent Villas is a difficult task because banks first have to scrutinize the buyer details. Also, Indian banks only provide approximately 60 to 70% amount of total purchase value while buying a plot. The remaining amount which includes stamp duty and registration has to be arranged by own.
Location is probably the most essential factor to be kept in mind while looking for a house for sale in Hyderabad. It includes connectivity to all the major institutions, airports and railways are within reach, demand for upcoming projects, appreciation value of the land and property, and affordability. Schools and hospitals are extremely important while the sewage system and neighbourhood areas are also need to be checked. Workplaces and transportation, the roads and traffic jams in peak hours also depend highly on the type of location you choose.
Quality of the construction is the top most concern. Hence, while looking at the blueprints can give you a basic idea of how your apartment is going to look like – visiting the site would give you an actual idea about the aesthetics and the quality standards. Always ask the builders about the raw material used in the construction and clarify all your doubts before signing the deal. The booming real estate market has given rise to the development of an increasing number of residential properties.