5 factors to Consider Before Buying A House in Delhi

Buying a home or property is a decision that requires you to put in immense time and energy. This especially holds true, when buying a home in a thriving city like Delhi. The capital of India, the city boost of a dynamic real estate market that make it a great location to make an investment in property. Additionally, factors such as easy connectivity, lauded educational institutions and growth in professional opportunities make it a favorable location for new home buyers.

As you look for your perfect home in Delhi, here are some factors that you must consider:

Location – Irrespective of where you purchase your home, location is a vital factor. Delhi is a well-developed city but is also known for its high levels of pollution. It is advisable to seek a home location that is away from the extremely-busy traffic points and commercial spaces. You must also take a close look at the property’s proximity to educational hubs, medical centers, financial institutions and work places.

Amenities – The provided amenities can indeed make your life a breeze. Buying a home in a vicinity that accommodates conveniences such as fitness clubs, open parking spaces, play areas for kids and gardens will ensure that you lead a quality lifestyle. Look for residential projects that offer you these additional, but important features.

Home inspection – A great deal on a home can be very appealing, pushing you to quickly jump into making a decision. However, do not hurry. Home inspections are not mandatory but can save you a while lot of hassle. There can be many invisible aspects of the home that can translate to big repair expenses over time. A home inspection will keep you informed on the several nuances associated with the condition of the space.

Infrastructural development plan – It is essential to closely consider the future infrastructural development plan of the property. This factor will greatly impact your ROI or return on investment in the years ahead. It is also beneficial to review the connectivity, commercial and the other project plans laid down for development in the city.

Financing – The right financing opportunities are key in landing the perfect home. A home loan is a great way of getting financial assistance when securing your dream home. Have a good understanding of what you can afford and keep aside funds for the down-payment. You can turn to the several banks that offer home loans in Delhi, for additional mortgage payments and avail of benefits like zero processing fees, PMAY, attractive interest rates and more.

It is crucial to put in enough effort and thought when evaluating property spaces around the capital. Laying the above stated factors as corner stones will indeed lead to a very profitable investment.

Author: Chakraborty

Dr Chakrabarty is the Chief Innovation Officer of IntuiComp TeraScience. Earlier she was Assistant Professor of Delhi University, a QS ranked university in India. Before that she has held research positions in IIT Mumbai, IIT Chennai and IISc Bangalore. She holds 2 patents and over 20 research publications in her name which are highly cited. Her area of research is in smart technologies, integrated devices and communications. She also has a penchant for blogging and is an editor of Business Fundas.