Rajul Garg works in a multinational company based in Gurgaon. He was looking for a house for his small family of wife and two children. His office is in Gurugram, so he decided to buy a house there so that he could give full time to his family and office. While looking for a house, he saw many proposals and also talked to many builders and brokers. Finally, he liked a property on the Gurugram-Dwarka Expressway in which he decided to invest. About two months ago, he also shifted to his house. Now let us tell you what things Rajul gave importance to while buying his dream home and how he managed to buy the right property so quickly.

Investors can learn a big lesson from this small story of Rajul buying a house. If you also want a house to live in, then it is important to keep some things in mind. The first thing Rajul did was that he gave full time to choose the property. By talking to builders and brokers, we understood the details of the project, facilities, drawbacks of that area, prospects, etc. Many times it happens that people who want to invest in the property market invest at the suggestion of their friend, neighbor, relative, or well-wisher without doing any investigation. If the property is not taken possession of on time, then that investment becomes a loss-making deal. While searching for a house, Rajul gave the highest priority to some important things.

The location of the property is the most important.
Whether investing in property is for earning profit or for personal use, it must be at a good location. Location means where the property you are buying is located, what are the prospects in that area, what is the distance from there to the bus stand, railway station, airport, etc. How is the accessibility through road as well as the shopping and entertainment facilities. Apart from this, you can also see whether a blueprint has been prepared for the development of some infrastructure-related projects in that area or not.

Price and time of purchase
You will get good returns on property investment only if you buy it at a low price and sell it at a high price. If you aim to earn a profit, then go for such areas where development has just started or where half the development has been done. In the places where development has just started, you will get property at a low price, which will increase your profit percentage in a short time. Along with this, when the prices of that particular place increase by 40 to 50 percent, then in that situation you can sell that property and invest in a newly developed area.

Builder's background

If you are interested in investing in a builder's project, then it is important to see his background. For example, how many projects has he developed in the past, has he completed the projects on time, and has he fulfilled the promises made to his customers regarding specifications and finishing at the time of booking? These are some important questions whose answers you can get from the previous customers of that builder. This is also important because when you put the property of that builder's project in the resale market, often a large number of customers start contacting you on seeing the builder's name.

Investigation of disputes is necessary.
During the last few years, in many cities of NCR, some builders have been seen having disputes with the people living in the project or the Resident Welfare Association on some issues. In such disputes, issues like depositing the fixed fees with the authorities and getting additional construction done by the builder in the open or common utility space have been common. Many times the builder has even built commercial on the common space. In such a situation, when you invest in a builder's project, then demand the maps passed by the government agencies from the builder and also check other documents.