Quick Checklist to Tick Before Buying Residential Property in Chennai

Chennai is the fourth largest metropolitan city of India and is as such one of those places where the demand for real estate is mostly high. The city is home to several educational institutions, manufacturing units, IT companies, hospitals and also a huge entertainment industry. As such, several people from all over the country come to this city to earn a livelihood and eventually settle down with the family to enjoy a comfortable life in a city that is equally modern and traditional. The real estate market in Chennai as such hardly sees a dull year. However, given the fact that hordes of people are always vying for the best properties at the best prices and in the best places, finding a good residential property here may not be as simple anymore. Here, we shall look into a quick checklist that will help you with a systematic approach to buying good residential properties in the city.

Research well about the real estate scenario of the city

Once you decide that you want to buy property in Chennai, do thorough research on the real estate market of the city. Try to get more information about the neighbourhoods that are developing rapidly as usually properties in such places have a lower price point in the beginning but see remarkable appreciation in a few years. If you get residentialplots in Chennai in areas like Madhavaram, Nemam and such other neighbourhoods at a good price you can even go ahead and buy one so you can construct your home on the same as per your convenience.

Check for the Connectivity of the place:

When you want to buy a residential property in Chennai, or for that matter in any metro city you have to be very particular about the connectivity of the place. A well-connected area is not only more convenient to reside in, but also has better growth potential which automatically transcends into better property value in just a few years. Therefore whether you are looking at residential plots in Chennai or planning to buy an apartment in any neighbourhood in the city, you must ensure that the area is well-connected by the local transportation network.

Get the papers right

This is another crucial thing that you need to look into when buying property in Chennai. Having the correct documents in place will not only save you from legal complications but will also help you get suitable financing from reputed financial institutions. Papers you must be particular about are the Title deed, the NOCs related to converting agricultural land into that for construction, the encumbrance certificate, the khata extracts and such others.

Therefore, with the above things taken care of, you can always go ahead and buy a good residential property in Chennai without any confusion at all.

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