How is the Real estate market?
The Real Estate market in Aurangabad has seen a boom period between (1997-98). From March/April 1997, there was a slump in the prices which finally turned out to be a crash towards the latter part of the year 2002. In a sense, the real estate market was depressed and almost stand-still until middle of 2006. For the past few months the market is steadily picking up and it is now at the stage where a few builders have already started quoting higher prices. From all indications, we should see prices rising across the board in the next few months. Meanwhile, for the buyers this is the best time to buy if one is to avoid even a marginal increase in the prices.
Why should I buy a property in Aurangabad?
Aurangabad is a city with a great future. It has been called the historical city, recently this is called an industrial city. It has a wonderful climate, the city is quite clean when compared to the other cities in India, and educational institutions here are among the best in the country. It has a wonderful cosmopolitan mix of people and overall it is the best city in India.
Where can I get a loan to buy a property?
Individuals, including NRIs, and Corporate Organizations can avail of loans provided by leading Private and Public Sector Housing Finance Companies in addition to banks.
What do I get when I buy a property in Aurangabad?
Most builders are conscientious and adhere to city's by laws and also their own self imposed and stringent norms with regard to both the legal aspect of the property, and the civil engineering angle. Architects also ensure that space is efficiently utilize and the aesthetic angle is one that is rarely if ever compromised. This results in each property being functional in utility while being unique in appeal as well.
How can I make sure that the property I buy has a clear title?
The properties / projects approved by leading Housing Finance Corporations will generally have a clear and marketable title. However, www.aurangabadproperty.com has a panel of legal experts to ensure that the property you deal with has a clear and marketable title. If you need any help, please contact our legal experts.
How to start a search for property?
First of all, you write down your specification what you really want, in which area you want and what is your budget for it.
- Then ask your friends,
neighbour, colleagues, if they themselves know
about any such property or they might know some
one who can guide you in your property search.
- You can also search for
professional realtors in yellowpages,
newspapers, advertisements, who can assist you
in a professional manner in searching and
finalizing the property deal for you.
- You can go to web sites as www.aurangabadproperty.com
There are lots of realtors and property dealers, and I have heard that they are out to rob you of the last penny. I am confused, how can I trust them?
- First check up from your
friends, relatives, if they know some realtor
with whom they have dealt with and
whether realtor acted as he was supposed to
act.
- Meet your prospective real
estate agent and ask about his background,
references etc.
- Call us 0091 240 2329566 or 0091 98230 51811.
How to verify if the property I am buying is worth the investment or I am buying a headache and pain for myself?
- You must get the papers of
the property verified from a competent
solicitor.
- Ask if the property can be
transferred on your name or will it be on Power
of Attorney.
- You can write down your own
checkpoints or refer to the points
mentioned below.
- Approach professional estate agents.
How the monetary transaction takes places?
First a token amount is paid; thereafter payment stages are fixed during which seller as well as buyer have to fulfil certain statutory obligations. Once both the sides meet these obligations, part payment can be made. Third and final stage of payment is at the time of possession of property and execution of documents in favour of buyer.
Once the property has been registered and possession has taken what has to be done?
The property has to be mutated in your name in the books of relevant local authorities. We take care of all legal documentation aspects.
For more details please feel
free to contact us. |
