Affectionately known as the Manchester of Punjab, Ludhiana is now counted among the most modern and appreciated residential real estate across north India. The contemporary apartments in the city feature avant-garde infrastructure and ultra-modern architecture. These residential properties are innovative owing to a number of reasons, such as their perfection in intricate details, architectural finesse, and meticulous finishing. In case you are planning to invest in a luxurious 3 BHK flat in Ludhiana or want to buy it for yourself, then there are a number of crucial parameters and things that you should keep in mind.
Check out the top tips for buying a flat in the city. Keep them in mind before making such a huge investment.
Important things to consider, while buying an apartment in Ludhiana
Set a budget
The most vital aspect of investing in a residential property is setting and deciding your budget in advance. Keep the price of the apartment before narrowing it down. The scrutiny will be so much easier if you know beforehand how much you are going to spend. You should know whether the realtor has offered a valid quotation. Compare the price of your preferred apartment with the ones that surround it and are offered by other builders. In order to get a comparison of properties in the chosen location, you can refer to portal listings, brokers of the area, newspaper listings, etc.
The most basic aspect is the location of the property. The place where you should be living your whole life is definitely important. Observe and analyse the physical infrastructure, facilities, and vicinity to the basic places like schools, hospitals, police station, etc. Make sure that your home is located in a safe zone.
Legally verified property
Buying an apartment in Ludhiana, make sure that it is legally authorized to be built on the specific plot on which it is standing. There are a number of mandatory approvals required, and along with all of them, the real estate developer should also have No Objection Certificates (NOCs) from the concerned authorities and boards— area development, water supply and sewage, electricity, and municipal corporation. However, it is the responsibility of the bank to validate your property documents in case you are applying for a home loan.
The quality of the land on which your apartment is located holds huge importance. There should be proper research on the quality of the soil and topography of the concerned land. Moreover, the plot should be registered and should not have any dues. The title deed giving all details on the rights, ownership, and obligations should be checked and verified carefully before buying a property in Ludhiana.
Reasons to buy an Apartment in Ludhiana
Whether you are buying an apartment to stay with your family or for investment reasons, residential properties in Ludhiana serve both purposes. Omaxe Group is a well-known name in real estate and its offered properties are well-equipped with the following:
- Grand entrance lobby
- Natural greens
- Pedestrian jogging/walking track
- 24×7 security
Whether you want a spacious penthouse, a 4 BHK, or a 3 BHK flat in Ludhiana, trust only the best—Omaxe. Its residential properties feature top-class craftsmanship, intricate finishing, and modern designs. The group offers the following residential properties in the city.
- Celestia Grand Premier
- The Royal Meridian
- Rose Villa
- Celestia Grand
- Royal View Homes
- Omaxe Royal View Executive
- Omaxe Royal Residency
- Royal View Premier
- Twin Tower