Once you decide upon your home budget, selecting the right property can prove to be a herculean task.
In order to get a property of your choice in your preferred location meeting your budget requirements, it is important to do a lot of research and collect as much information as you can.
It is necessary that you make a decision based on the current financial situation, lifestyle consideration and long-term family needs while selecting the right home for you.
Shortlisting a property involves the following steps:
While selecting the right home, once you know your home budget and family requirements, it is necessary to choose an ideal situation suiting your current needs and future goals. You should look at the below factors for shortlisting a locality –
To identify a suitable locality, you can
List all the properties in your shortlisted area.
For example, you have identified Thane as an ideal location suiting your current lifestyle needs, future family goals and an area that is within your budget of ₹62 lakh. List all the properties in Thane region –
|Thane W||3 BHK||₹80 lakh||N|
|Thane W||2 BHK||₹60 lakh||Y|
|Thane E||3 BHK||₹90 lakh||N|
Compare all the shortlisted properties and assign them a rank on the basis of your current and future needs, lifestyle amenities, ease of travel and social & cultural environment. Check the project layout and floor plan. This ranking will enable you to narrow down your search to the most relevant properties.
You also need to consider some factors before zeroing in on your home.
This is the most important factor to consider before buying a home. The factors to consider here are the number of people going to stay in the house, number and age of children and if some of the members are going to move out or move in the near future. You should shortlist a house, which suits the current and future requirements of your family.
The location of your house has a direct impact on the quality of life you and your family enjoy. To begin with, the locality should have all the basic facilities such as connectivity to public transport, power supply, water supply and sewerage. The place should be clean and should have ample greenery around. The locality should enjoy proximity to hospitals, schools and parks. Proximity to railway stations, airports, entertainment hubs and malls would be an added advantage.
Properties within and close to Central Business Districts (CBDs), Special Economic Zones (SEZs) and other strategic projects enjoy a high price premium and high rate of appreciation over the period of time.
You can buy a new house at any of the following stages
In order to get timely and accurate delivery of the projects, it is necessary that you should select the builder carefully. You give your life’s savings to the builders to build a home for you so it necessary that you should select a builder who has strong financial and project execution capabilities. The builder should have an impeccable record of project delivery, honesty & customer satisfaction.
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HCPL and it's partners reserve the right to reject any application at any time in accordance to its policies. To qualify, a borrower must be a Indian citizen and meet our financial partners underwriting requirements. To check for an applicant’s eligibility, our lending partner will request your full credit report from one or more credit bureaus. Not all applicants receive the down payment assistance. To qualify for the program, you must have a responsible financial history and meet other conditions. Assistance limits displayed are indicative, actual limits will depend on number of factors. If approved, your program assistance tenure will depend on a variety of factors, including down payment assistance amount, repayment capacity, a responsible financial history, years of experience, income, home-loan to value ratio and other factors.
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