Amdavadis prefers new and fine architecture flats / apartment for sale on rent ..
Types of flats / apartment in ahmedabad :
Flats are consider on bedroom, hall, kitchen (BHK). 1bhk, 2 bhk, 3bhk, 4bhk. Now as per current market scenario 1.5bhk and 2.5bhk are constructed for sale or rental.
Types of properties of flats / apartment :
Upcoming under construction projects, New ready possession, Old resale properties
New Residential projects for sales ..
Sales of flats apartment are of three types. Under construction, ready to move and resale. Mostly under construction section are for investor for investment. Very less individual buy flats apartment in under construction real estate, as it need cash for booking. Ready possession property are sold by investors where sales deed is make directly under purchaser. Resale property are those who sale agreement is made.
Under construction residential property for sale are by builders on first stage. Because of non loan provide only cash capital people can afford. Cost price of upcoming residential projects are low or less compare to market’s ready to move property, but investor has to wait for 2 to 3 years for sale or rent property.
Investor sale flats apartment when they are ready possession, where loan are easily taken by banks. Investor do not make sales deed, so buyer get direct from developers. Here property price and taxes are bear by buyer.
Once property sale deed is made, than flats apartments are on resale where transfer fee and other maintenance charges are also to be paid by buyer.
Return in New Residential Project schemes :
East and West both has good option to choose of new flats apartments. Investing i new schemes are beneficial as it given 50 to 100% return in 3 year of short time. Price of upcoming real estate is 30$ less compare to ready to move property. When property is ready cost of it equal to current market value and even more as other properties, as its consider to be new compare to new real estate.
Points to consider before buy of flats apartments in new residential project :
Select reputed builder, which cover up your 50% risk. Location is important aspect for future property apparition. Take loan from bank for title clear documents. Amenities and facility around project. Possession on time. Amount to be paid as per construction complete. On under construction properties you can do bargaining with builders as they need funds for setting infrastructure on fast drive.
Types of payable amount ..
There are three system of amount settlements. one is down payment (DP), second is regular pay mode, third is loan procedure. In down payment you have to give full amount in one or two meting in a limited period of one month. Around 20% of discount rates can benefit on dp rates.
In regular pay method, you have to pay 30% of total price. and other balance on equal emi of 2 or 3 year or as per possession time factors.
In loan you have to pay 30% for getting allotment letter from builder for getting loan approval. Loan amount is paid direct to builders and you have to bare emi as per bank time of 15 to 20 years. Bank provides 70 to 80% of loan on sales agreement. In some case you can get 150% of loan on sales deed.
Sales agreement of new flats apartments ..
Basic cost + running maintenance and deposit + government taxes as per deed amount, registration charges, allotted parking, extra fees for other facility like swing pool, gym, theater, gas and water lines, etc.
There is a generational shift in buyers’ demands in Ahmedabad. New couples look for better amenities and space for themselves and children. On an average every second working couple look for apartment in Ahmedabad for rent. They can get the space to live in privacy. What’s more the rents are also affordable to both of them. New couples who have just got married and started their lives need more privacy and hence do not mind renting flats.
Super built up areas in new flats apartments ..
Super built up norms changes every year and in new property it is from 40% to 50% cutoff. Which means you get only half space, but you have to pay full amount as per space mention in documents. Indeed you are paying double price of market value. For example if you are buying for 5000 rs/sq.ft, actual price will be 10,000 sq.ft.
Maintenance in new flats apartments ..
Minimum 2 rs per sq.ft to 3 rs per sq.ft in advance is collected by society. Which includes water, power, security, lift, replace materials, house keeping, etc.