A lot of people these days prefer buying low cost flats rather than paying a monthly rent. This is because they believe that in place of giving rent every month, it is always better to give a monthly EMI and own a house. But, when you are planning to buy a flat, it is important that you think meticulously because, it is one of the biggest investment decisions of your life.
If you work in Delhi, and planning to invest in a flat in Noida, then it is important for you to keep certain things in mind, before buying a flat here. Before buying a flat you need to check the deal on a few parameters and the list below should help you jot down a list of the essential parameters:
- The first and the most important thing that you need to check before you buy a flat, is the budget. When you are buying a flat, it is very important to ensure that you will be able to pay the EMI for the home loan for the next 20-30 years. Since, this loan payment is not restricted to a few years, so before taking a loan for so many years you have to calculate your budget.
- Another very important thing that you have to keep in mind is the project location. Though flats in the remote areas of Delhi or Noida are quite affordable, but you will find it very difficult to stay in such areas at a later stage, without the presence of certain basic amenities. Moreover, even selling those flats would be difficult, as you will not get enough buyers who are interested to buy property in such areas. So, it is important to invest in a location which has the basic amenities.
There are a number of low budget flats available in the sector 32 of Noida and these flats have all the basic amenities present. So, buying a flat from one of the best and the most reputed builders in this place will be quite a good idea to ensure property appreciation with passing years.