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Beginners Guide To Purchasing Residential Property In Panvel

By Author: Saloni Mehta
Total Articles: 13

The demand for residential projects in Panvel is rising with each passing day in 2018 and rightfully so. The new and upcoming township projects in Panvel have captured the attention of real estate watchers and buyers like never before. Replete with green landscaped environs and all modern-day residential amenities, the apartments in these townships are certainly worthy of a look.

Here, we help you take a closer look at some important points to keep in mind if you are looking at residential projects in Panvel as a first-time home buyer.

Overview of Township Projects in Panvel

By choosing to buy a 2, 3 or 4 BHK apartment in an upcoming township in Panvel, you may look forward to parking your hard-earned money in various lifestyle facilities at the most affordable prices. You will be able to enjoy the facilities of a swimming pool, club-house, gymnasium etc. along with your loved ones and others residing in the same community. As property purchase happens to be an important lifetime decision, you have to be double sure of what you are getting into. Along with figuring out the credibility and reputation of the builders of residential projects in Panvel, you need to figure out the origin of the property, the present status of the residential property in the reckoning, the continuous flow of title, etc. prior to buying the property.

Define your Requirement

This is the main point of consideration that you should keep in mind as an inexperienced home buyer. Your requirements pertaining to the perfect home would depend on lifestyle, preference, family size, usage etc. It is best to ascertain your own living needs and space requirements before looking up apartments in Panvel. By defining your requirements and preferences in detail, you will be able to save up on time and money. Before searching for the properties of your choice, you need to lay focus on certain factors like paperwork involved, regulatory and legal issues, etc.

Legal Aspects have to be Taken Care of as Well

Once you have defined the requirements of the perfect residential projects in Panvel for your family, you must check up on all the legal aspects of the properties that catch your fancy. Ensure that the real estate developer has already acquired a No-Objection-Certificate (NOC) and other required approvals from the Municipal Corporation, Electricity Boards, Area Development Authorities, Water Supply and Sewage Boards as well as all other concerned authorities. It is equally important to ascertain whether the property developer has all the proper development agreements in place or not. The property should possess clear titles to make your purchase hassle-free and devoid of any legal issues in future.

Last Word

Planning well and in advance will enable you to get the house of your dreams in practically no time. Once you have figured out the nuances of first-time property purchase in Panvel, you will find it easy to choose the perfect home for yourself. So, complete all homework and sign on any document after proper due diligence only.
Author Bio: Saloni Mehta, is a writer who is passionate about the real estate industry. Having worked closely with top construction companies in Mumbai who are famous for their landmark residential projects in Panvel, she has the inside details of the formidable real estate world. With in-depth knowledge about residential and commercial properties, she is the best person to seek advice from.

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