Things to look for when buying a flat in Hyderabad?

December 1st

Emerging fast as one of the top real estate investment destinations, Hyderabad, at present, is the perfect place to buy an apartment. The rising commercialization has resulted in a considerable increase in demand for residential real estate in Hyderabad. 

If you have recently moved in or are looking to buy a flat, this blog will help you note down some of the key features to look for when buying a flat in Hyderabad.

Top Things to look for when buying a flat in Hyderabad 

1. Documents 

It’s obvious but also the most critical aspect of buying a home in any city. Check whether the government approves the project. This will avoid any unwanted surprises in the future when you own the property. Check for the clearance and occupancy certificates. If you feel you aren’t fully aware of the legal documents required, we recommend you go to a real estate agent who would be more than happy to help you.

• RERA Compliance: Make sure the development is registered with the Real Estate Regulatory Authority(RERA).
• Ownership Papers: Check the developer’s ownership rights over the land.
• Necessary Permits: Enquire if all compulsory building permits and clearances are in place.
• Land Zoning: Do check if the land is zoned for residential use.

2. Location 

The location often defines a real estate property’s price and resale value. It’s true; the location is one of the most significant aspects of buying an apartment in Hyderabad, or any city.

When you are checking the location, take note of the nearby conveniences you think will matter to you the most. For example, between one with 10 irrelevant nearby attractions, you could choose one with 5 beneficial amenities. Check the distance to essential infrastructure like schools, hospitals, transport, ATMs, entertainment, etc.

Do a bit of research on the area as well. Analyze the locale and find out what kind of developments will come there in the future. This helps you understand the resale value of the property you plan to purchase if you rent or sell it.

• Work Commute: Go for a location close to your job to reduce travel time.
• Educational Centers: Make sure good schools and colleges are near the location.
• Accessibility: Check out for public transport facilities and access to it is convenient.
• Medical Care: Look out for the hospitals and health clinics. It should be one of the important criteria for selection.
• Safety Concerns: Is the location in safe neighborhood? Also, check if the place has adequate street lighting.

3. Amenities 

Amenities play a significant role in shaping the kind of lifestyle you could be enjoying at your new apartment. The more the merrier! Check whether all the amenities promised are available and match your needs. For example, if you prioritize fitness, the apartment should have a well-equipped gym, yoga room, swimming pool, etc.

4. Know your developer 

As you are most likely investing all your savings in your new home, there is no room for error. Research your builder inside out. Check for their previous projects. Take a look at them as well. This will give you an idea of the quality of construction maintained by the builder. Scams are everywhere. Doing proper homework keeps you safe and invests your money in the right place. 

• Prior Work: Evaluate the quality of work done by the developer for its earlier constructions. Check the reliability by checking their previous projects.
• Legal Status: There should not be any legal disputes with the developer or the property.
• Feedback: Check out the customer reviews online. Speak to residents of other properties developed by the same builder.

5. Future Prospects

In addition to the factors below, check the economic indicators like job market trends. A booming local economy can increase the value of your property in the long run.

• Upcoming Infrastructure: Check future developments like new metro lines or roads that would increase property value.
• Real Estate Trends: Thoroughly research the property market fluctuations in Hyderabad.

About Vertex Homes

Vertex Homes carries a legacy of 26 years of building homes and communities inspired by urban living. It is one of the most renowned names in Hyderabad’s real estate industry, known for creating its customers’ best possible living experience. 

We make it a point to have clear documentation of the property with all necessary government approvals so that our customers have hassle-free and smooth transactions. 

We offer premium living spaces in prime locations of the city such as Kukatpally, Gachibowli, Hydernagar, etc. If you want to know more about any of these projects, please contact us at the below-mentioned details.

Call: 9608 300 300
Email: sales@vertexhomes.com

We also have an array of projects lined up for you to choose from in Telangana and Andhra Pradesh. You can check them out here: PROJECTS