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Chennai Real Estate – smart move towards securing your investment

Chennai is one of the leading places to invest in real estate in the India mainly because it projects a robust residential as well as commercial realty price growth in the forthcoming years. Chennai is among those metros which has a healthy diversification of economic growth factors and its economy has a broad industrial base.

This makes it the most sorts after destinations for investments. One other main reason we believe that will pave way for a boom is the metro station operations. Not only has the city's first underground metro service reduced travel time by a considerable margin; it has also ensured a possible real estate boom.

Sugal and Damani with decades of experience in catering the best of everything to their customers forayed into real estate to make sure people of Chennai get beautifully designed apartments at prime locations at the best possible quality. Sugal and Damani successfully completed Lakeside I making it a significant landmark in Chennai. Numerous enquiries from our esteemed clientele paved way for Lakeside II at Puzhal - Ambattur in the heart of Chennai.

We have set the standard for innovative landscaping, aesthetic designing, prompt execution and superior quality home building in India. We have been building and developing well thought-of homes and neighborhoods in Chennai. With confidence, we can proudly say that our dedication to our projects is unsurpassed in the trade, and the value of our work far exceeds that of other.

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Checklist for Buyers

Sugal and Damani has always believes honesty and integrity are absolutely essential for any business to be successful. We always make sure our customers are satisfied with the product and services offered. Being in the real estate industry, we have come across customers who were misguided as what needs to be done before you buy a property or what needs to be checked if they are intending to acquire an apartment.

Here are some valued facts to be confirmed before buying a flat

• Before freezing on your choice of a builder, do some research about the builder's past projects.

• Has the builder constructed sufficient number of projects to establish a reputation?

• Does the builder enjoy a reputation for completing projects on time?

• Is the quality of their projects as per the standards you’re looking for?

• Is the quality of staff employed by the builder helpful and courteous with your queries?

• Verify the Parent documents

• Check the agreement very carefully for all the charges applicable.

• Check whether the Promoter/ Power of Attorney have a right to transfer the undivided shares of land.

• Land Owner/ Promoter/ Power of Attorney have no right over the open spaces and in the terrace after entire undivided shares of land have been transferred.
• Ensure that the area sold to you is mentioned in the agreement

• Check the progress of the construction personally.

Hope you find these pointers helpful. Kindly follow us on social media to receive real estate tips, market updates and more valuable project information from Sugal and Damani.

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Are you a first-time home buyer?

It’s the biggest investment decision of your life and will take up most of your savings. If you are planning to take a home loan, a significant chunk of your monthly salary will go into paying EMIs.

Therefore, it becomes all the more important to make sure your investment is safe.

Don't go by the sample flat
A sample flat is meant to attract customers and includes several furnishings that the actual flat won’t have. The ceiling is an important thing to watch out for. Sample flats have higher ceilings, which will mean bigger wall storage spaces. Therefore, don’t go by what you see and inquire about each and every aspect of the house, even the type of wood that will be used for doors and the depth of the cabinets.

Does builder have all permits in place?

It is important that the company has all the permits and clearances in place before starting the construction of the house or building, otherwise you may face trouble at the time of registration of the house in your name. These may include the correct land use permit, clearances from the electricity board, water board, the local registration body, and even permission from the military authorities in some cases.

Does the developer have tie-ups with banks for home loans?

Builders often rope in banks for hassle-free financing. These banks do a thorough check of the property, and the prospective buyer does not have to go through the hassle of getting the project approved by a bank surveyor for a loan.

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