Ahmedabad is a fast-growing metropolis that was originally known as the Manchester of the East because of its renowned textile industry, but is now recognised as the Manchester of the West. It is India’s seventh-largest metropolitan region and fifth-largest city, growing in every possible sector of growth. Ahmedabad real estate is primarily a buyer’s market. Several new residential projects in Ahmedabad are lined up in the near future. More than 95% of people in India are first-time apartment purchasers, and it is a once-in-a-lifetime decision. The majority of family decisions are made collectively. However, various elements should be considered before making a decision, including the price, location, bank loan availability, security, and so on. When you visit a site, you are usually persuaded by the salesperson, who mostly shows you the positive aspects of the project, and you are ultimately impressed with the location. However, our recommendation to you is to double-check all of the data stated by your salesperson. Before making a decision, a potential buyer should have a checklist that should be followed entirely in an unbiased procedure to determine the best fit for the buyer. It is critical not to make any judgments in haste, since this can lead to making a mistake that will be regretted later. It will have an effect on the family, life, and financial condition. As a result, as a detective in a case, you must analyse all of the criteria specified in your checklist.
Factors To Think About Before Investing In New Residential Projects In Ahmedabad
Examine The Brand’s Reputation
Will you purchase a home from a shady developer with a lousy track record? It’s crucial to look at the builder’s background and track record. The best way to obtain information is to browse the internet and look at the builder’s prior and ongoing projects. Existing project tenants can provide the most useful comments. Nowadays, one may also get reviews and ratings on the internet, which should be carefully evaluated because many manipulators build their own reviews in order to deceive clients.
See How Well Connected You Are To Your Workplace And Other Parts Of The City
A person in the service industry must deal with this on a daily basis. I’ve seen individuals drive 2-3 hours to get to work and then drive back home for the same amount of time. When such people have to travel every day on overcrowded public transport, life becomes terrible. They don’t even have time to see their own children after that. Due to rising petrol expenses, driving a long distance in your own vehicle on a regular basis is neither comfortable nor affordable. As a result, distance and connectivity must be considered while choosing a location.
Examine The Local Infrastructure To Discover Whether Any General Stores, Hospitals, Or Markets Are Close
Any parent would prefer not to send their children or family members to a location far from the housing complex where they acquired the flat on a daily basis. Choose a new residential project in Ahmedabad that is close to these vital locations. Make a quick feasibility check to ensure that you don’t end up wasting a lot of money on travel and time attempting to access vital services. It is preferable to pay a little extra for a fixed charge to avoid the hassle of having to go to distant locations to obtain everyday necessities.
Examine The Resale Value
Our lives are unpredictable, and no one can promise that a flat they purchase will never be sold. It could be due to a work change, a move, or any other unexpected circumstance. The resale value of any property is determined by the development that has occurred or is planned. The Adani Shantigram is a real-life example of a rapidly expanding area with a great return on investment. Property values on SBR Road were low 10–15 years ago due to underdevelopment, but they have already risen due to infrastructure development!
Examine The Location’s Vastu Shastra
Although it may be difficult to rationalise, many people regard Vastu Shastra as a science, and it is widely used in India. End customers value Vaastu and consider it to be their preferred option. These days, Vaastu is particularly vital to consider because some layouts and directions lack Vaastu. The architecture and the directions are the primary and most important characteristics. In real estate, Vaastu is regarded as the most important factor, and apartments and residences are only planned after consulting a Vaastu specialist. Those who trust in India’s traditional science should think about this parameter. However, we usually suggest our friends and family get Vastu guidance since we once saw a businessman who was well-off monetarily but built a house without any Vastu repairs. He soon began to suffer financial losses. His firm began to thrive again after he consulted a Vaastu expert and made certain changes. But we can’t think of a way to justify it. Perhaps it was just a coincidence. So it is a personal choice of an individual to examine this parameter or not.
Examine The Housing Complex’s Ambiance, Greenery, And Amenities
The open area lawns, jogging and playing zones within the home complex must be prioritised by a buyer. It is now compulsory for high-rise apartments to provide sufficient greenery by planting trees. The environment that is offered within and outside a housing project determines the atmosphere of the property. Some of the amenities that should be checked before buying a new residential project in Ahmedabad include a clubhouse, parking, lift, power backup, swimming pool, and gym.
Examine The Quality Of The Structure
I’ve heard many people curse the builder after taking possession. Especially when they notice that the walls have fractures in them due to poor plastering quality. Electrical fittings, toilet and bathroom fittings, kitchen accessories, and fittings are other places to look. These are the very minimum inspections that should be carried out when purchasing a ready-to-move-in flat.
Examine The Safety Measures
A housing complex’s level of security should be checked. For good safety and security within the complex, CCTV surveillance and intercom services are now highly important.
Examine Your Financial Security
Builders provide a variety of options for purchasing apartments that are still under construction. Payments will be made as the building progresses. The majority of builders have their projects pre-approved by banking organisations in order to provide house loans to customers. Builders have divisions dedicated to assisting clients with bank and financial institution documentation.
Look For Rental Incomes
It’s a good idea to look into the rental prospects before purchasing an apartment, as many buyers may need to relocate due to job requirements or a change of employment. The majority of home buyers in the service class take out bank loans and must repay the EMI. Unless the unit is rented, the loan repayment load would be considerable because they would have to pay rent in a new location in addition to their own EMI. In addition, many buyers put money into a new property in order to generate rental revenue. Pre-leased commercial buildings are in high demand, with rental income and capital gains determining the return on investment.
Bottom Line
Purchasing a home is one of the most important decisions and financial investments that someone will make in their lifetime. The decision to make a choice is not easy because it must fulfil the desires of each family member. You don’t make a decision based solely on the results of one project. You’ll undoubtedly find one project more appealing than the other, and you’re having trouble narrowing down your options. The UB Heritage gives you a variety of new residential projects in Ahmedabad where you may simplify your house hunting process by receiving essential project plans that will assist you in coming to a decision.
FAQs
What is the real estate market in Ahmedabad?
Ahmedabad has seen a q-o-q increase of 37 percent and a y-o-y increase of 28 percent in the first quarter of 2022. The inexpensive market accounted for 24 percent of new releases in this quarter, while high-end and luxury accounted for 15 percent, down from an average of 23 percent in the preceding two quarters.