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2023-02-14
Home Buying Guide

List Of Documents To Check Before Purchasing A Property In Dahisar

Metropolitan regions have a higher scale of investment when it comes to the real estate industry. A city like Mumbai falls at the top geographic destinations making any property here an expensive transaction. If you are planning to invest in a property in Dahisar, you must ensure that all the paperwork is aptly executed.

Below mentioned is the list of documents that you must have a check done before purchasing a property in Dahisar:

Sales Deed document:

The sales deed document is the proof of ownership of the property that legally makes you the buyer of the property. This is the primary document that begins the procedure from buying the property till you move in. The sales deed has all the terms and conditions about the property mentioned which you should ensure is in place before you sign it.

The CC and OC:

When you look for any flats in Dahisar, you will find out that all the developments have two-step verification until it becomes a legally full proof for you to invest in them. Step 1 is the completion certificate or the CC which is issued by the authorities of the city after they audit the complete construction of the project. Post this comes step 2 which is the Occupancy certificate or the OC which is issued by the government after the project is audited for its eligibility of having residents move in.

EC or Encumbrance Certificate:

Lets consider that you are looking for 3 BHK flats in Dahisar and you have finalized one of them. The process of checking the above documents will validate the project being perfect for you to start living there and for you being the owner of your property. However, real estate is a big fund market and you require to have proof that mentions there are no monetary liabilities on your property. This proof is called Encumbrance Certificate.

MC or Mutation Certificate:

Once you are clear with everything, you also must keep your image clean in the government records of taxation. The mutation certificate is the legal document that signifies that the owner has no legal tax liabilities. This helps you avoid any hassles in the other documentation for getting your property ownership.

The building plan:

The building plan is the document that holds the design to how the project will look after completion. This is the most important document that proves what you have signed up for. There are chances that the developer might change the design midway through the construction and your product might not be what you paid for. To avoid this misconception, you must have a proper building plan.

In conclusion, the list of documents involved in the process of property ownership is long and there are many things involved. Make sure you choose a trustworthy source to grasp the knowledge before you finalize on any property.



Home Buying Guide

High Rise And Low Rise Buildings, Which is Better?

Highrise buildings were rare found only in the prime localities of metro cities like Mumbai. However, cities like Mumbai have geographical constraints and the rising urban population and limited land availability made vertical growth necessary. In 2019, the state government of Maharashtra reduced FSI premium making highrise construction financially viable for developers. This resulted in the development of highrises all over the Mumbai Metropolitan region to accommodate the rising demand for housing. Living in high rises is now a trend as it is perceived to be premium. However, it has its own pros and cons. In this blog, we will compare living in highrise and lowrise buildings. High Rise buildings Buildings that have more than 10 to 15 storeys are classified as highrise buildings. Pros Panoramic Views – This is the most obvious reason that makes highrise buildings desirable to most home buyers. Highrises give panoramic views of the horizon due to their height. Highrise flats in Dahisar East give beautiful views of the Sanjay Gandhi National Park and surrounding hills. Increased density – Highrises can accommodate many residents which is required in densely populated cities like Mumbai. Amenities – Highrises are categorized as premium properties and often come with luxurious amenities and premium facilities Security – Highrises are modern structures with advanced security systems like CCTV surveillance access control and security personnel Cons Costly – Highrise buildings are expensive to build and maintain increasing the monthly expense Elevators – It is inconvenient to move up and down highrises without elevators. If the elevators break down it can cause difficulty for residents Noise and Disruption – Construction of highrise buildings causes severe noise and air pollution Emergency evacuation – Evacuating highrise buildings is a challenge during emergencies and may result in damage to life and property Low Rise buildings Low rise buildings are buildings with less than 7 to 8 storeys Pros Lower cost – Lowrise buildings are easier to build and maintain Better accessibility – The staircase is an option during emergencies reducing the stress and difficulty Peaceful – Lowrise buildings do not create noise and air pollution during construction Easy Evacuation – It is easier to evacuate a lowrise building during emergencies Cons Limited Views – Lowrise buildings do not offer spectacular views like highrise buildings Lower density – Lowrise buildings offer accommodation to fewer people which is a disadvantage in dense locations Amenities – Lowrise buildings have lesser amenities since they cannot include amenities on highrise floors The choice between lowrise and highrise buildings is a personal one and residents must choose as per their preferences. ...
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Home Buying Guide

Real Estate Terms To Know Before Investing

Investment in real estate is currently one of the most lucrative modes of investments. Dahisar is a suburb of Mumbai and is one of the upcoming real estate hubs in the city. Dahisar East has all the ingredients that any home buyer wishes for. It has the best connectivity, social infrastructure and a thriving urban life in the heart of the metropolis. Investing in a property in Dahisar East would be a lucrative decision assuring excellent returns. But before investing, investors must know basic real estate terms without which it would be very difficult to make informed decisions. Carpet Area The definition of carpet area remains the same for all the flats in Dahisar East. It includes: 1. The complete floor area covered in a carpet was to be laid on it. 2. The thickness of the walls between the rooms. 3. Staircase, if any, only inside the property. It does NOT include: 1. Area covered by the external walls. 2. Areas under service shafts. 3. External areas like the Balcony, veranda, terrace, and flower beds Built up Area. The Built Up area is the sum of the carpet area and the area covered by the separating walls and the balconies. The builtup area is usually 20% to 30% more than the Carpet area. An easy formula to calculate the Built Up Area can be: Built Up Area = Carpet Area + Thickness of the external walls + Balcony area + Exclusive Corridor area Super Built Up Area or Super Area A Super Built Up or super area is a total saleable area that includes the built up area and common areas like the staircase, lobby, corridors, lifts, and amenities like gardens and a clubhouse within the confines of the building property. So if you were to invest in 2 BHK apartments in Dahisar East the carpet area, built up area and super built up area are important terms to know. Loading Factor The difference between the propertys super builtup and carpet areas is known as the loading factor. To calculate loading factor, we use the formula: Super built up area = Carpet area *(1 Loading factor) So, if the loading factor is 1.3 then the 0.3 component of the loading factor constitutes the outer walls and amenities of the building. To make it simpler, it is also expressed as a percentage. If for instance, the loading is said to be 30 percent, it means the developer has added 30 percent of the carpet area to the construction. As per RERA (Real Estate Regulatory Act), the property prices should be based on the carpet area and not on built up or super built up areas. Developers often confuse property buyers with jargon. By understanding the key terms and their usage, investors can be assured of their investments in the upcoming property in Dahisar East. ...
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