5 Critical Checks Before Buying an Under-Construction Apartment in Hyderabad

Purchasing a home is exciting and a dream-come-true moment for many. However, it is also a complex decision as the buyer needs to consider innumerable aspects before signing deals. Investing in one of the under-construction apartments in Kollur or other areas in and around Hyderabad comes with multiple benefits. For example, you can enjoy low initial expenses, opportunities for customisation, flexible payment periods, and higher potential for gold returns.

These benefits may sometimes outweigh the risks associated with purchasing under-construction property, such as waiting longer for completion and construction delays. Furthermore, you should look beyond the pricing and location to ensure a hassle-free purchase. Plan a well-informed strategy to avoid legal issues and financial pitfalls.

The 5-Point Checklist for Homebuyers

Before purchasing any property, here are five crucial checks you should make before making the final property investment in Hyderabad.

1. Legal Documentation and Clearances for a Hassle-Free Purchase

Before booking your dream apartment, verify the project’s encumbrance certificate, title deed, and other legal documentation. Get all the required clearances and approvals in place before calling the property yours. Also, review and cross-check the builder-buyer agreement and read between the lines. Clarify doubts right away with your builder to avoid unpleasant surprises later. And check whether the property adheres to RERA Compliance.

Let’s sum up these legal terms for clarity:

A legally approved property that is free from any legal dues reduces the risks of future construction or ownership delays/disputes.

2. Location and Connectivity for Long-Term Growth

The location of your dream home matters, especially if you are planning to move in with family for the long term. Consider the property's livability and appreciation factors to ensure future growth and convenience. For instance, you must check proper connectivity or proximity to major workplaces, particularly the IT hubs like the Financial District and Gachibowli. Ensure that your locality is properly connected to major roadways, such as easy access to National Highways, ORR exits, and Metro stations.

Furthermore, check whether essential services are within a close radius of your location. For example, you should be able to access shopping centres, schools or other educational institutions, hospitals, and entertainment hubs. What’s more, the appreciative value of a property rises if you purchase a property close to ongoing or upcoming infrastructure projects, including new metro lines, business districts, or expressways.

3. Construction Quality and Project Specifications to Ensure Value-for-Money

Many impulsive buyers tend to focus solely on brochures and ads while failing to check the facts. The written specifications on pre-booking ads or brochures may not always match reality! Be there on the construction site and check for the materials used. Understand different types, qualities, and finishes of flooring, cement, fittings, metals, and glass being used. Ensure that these materials are durable and can withstand extreme climatic conditions.

Additionally, check that the mentioned carpet area and built-up area are matching with the real property you are willing to purchase. Ensure that the builder is transparent in these arenas and is maintaining clarity on the actual usable and livable space. Besides, opt for a well-ventilated home that has an adequate amount of natural light coming in. It ensures comfort and energy efficiency while welcoming positivity and growth.

Pro Tip: Request from the builder the details of the construction material used and the proposed finishes. Also, ask for a demo visit of one of the apartments for sale in Kollur, Hyderabad, to get a more realistic look and feel of the final project.

4. Post-Ownership and Maintenance Costs to Stay Financially Prepared

Many property investors focus on the purchase price, including the down payments and EMI options. While the pricing factor is sorted, buyers often overlook overhead expenses, such as post-possession and ongoing maintenance costs. Therefore, before signing the deal, have clarity regarding these aspects to stay financially prepared in the upcoming years.

Ask or learn the following aspects from your builder or existing property owner:

A well-furnished and well-maintained property appreciates better while improving your living standards.

5. TDS Compliance and Taxation to Avoid Legal Issues and Unexpected Expenses

Always look for RERA-approved projects in Kollur or elsewhere, and never ignore taxation information to prevent compliance issues.

If you are new to these legal terms, consult a tax advisor to learn about your tax benefits and how to stay compliant with the property laws to prevent legal problems.

Finding Your Dream Home with Levonor!

Levonor offers some exotic and luxurious residential projects in Kollur, Hyderabad, each designed to make your life more fulfilling. We have equipped our projects with innumerable amenities to suit your lifestyle needs and individual preferences. Book a visit to one of our sample projects to evaluate what the final property would be like.

Final Takeaway: Be Smart, Think Rationally!

Never let your emotions dictate your property buying decisions; instead, think logically and ensure you have checked all the above crucial parameters before signing the deal. Purchasing a property is not just about getting one of the best apartments in Hyderabad. You must also take active steps to make it financially and legally sound. We hope the above checklist will help you make wise investment decisions to secure your future.