A Complete Guide for People Looking for a Property in Lucknow

Home is a haven and a comfort zone where we live with our families and pets and enjoy ourselves with our mates. A home is where you create memories with your loved ones. Therefore you would not want to compromise while looking to own a flat in Lucknow for a better experience.

 

Well, talking about Lucknow, it is still a booming city, and the city of Nawabs has everything in abundance. Buying a home is yet a dream of every individual around the globe and is one of the most significant decisions in someone’s life. It comes with many questions, whether deciding the location, budget, which builder to choose, whether to go for an under-construction project or select a ready-to-move-in and whatnot.

If you’re clear about all the requirements, then it gets easier for you to make decisions. With an abundance of properties in Lucknow, first-time buyers might be overwhelmed.

Let’s focus on the factors that should matter to the buyers:

Budget: Most important is to have a budget before stepping out to look flat in Lucknow. The Price differs on location and the types of properties. For example Price of a 3BHK flat in Lucknow will be higher when compared with 2BHK property in the same society. Now for that, you must consider your existing and futuristic financial commitments planned and understand comfortably paying EMI at a reasonable interest rate and tenure of the loan.

Deciding the property: It depends on the number of members in your family and your budget. Many builders in Lucknow are offering properties at different locations of all sizes. Here, it will help you determine whether you want a 3BHK or 2BHK flat in Lucknow.

Location: Experts claim that most buyers want a flat with a scenic view; however, I believe everyone has their taste. The location has to be your priority. Choose a location with a school office and hospitals that you need to commute to regularly or are important (airport/railway station) are easily accessible. You can have a clear view by looking at the plan map for the city, which is available on the websites and the LDA office. This will help you to decide on a perfect location.

Amenities that you need: Builders are offering a host of amenities like a clubhouse, kids play area, swimming pool, gym, amphitheatre, meditation zone, Power Backup, Gated Security, parking area, convenience store, jogging track, etc. Now sit down and see what you require regularly. For instance, if you have a kid, you would want to choose a spacious play area; for elders, you want them to have a park or a yoga space.

Choose a reputed builder: Buying a home is a massive investment; you would not want to risk this. Therefore, before choosing the builder, check the builder’s record and the company and how many projects the builder has delivered.

Selecting a home loan: Talk to your existing banker or look for a project that is already bank-approved. A home loan also offers tax benefits as interest paid is tax-deductible.

See if the project is RERA Registered: (Real Estate Regulatory Authority). See whether 

the project is registered under RERA on the official website. RERA ensures the buyers’ interests are protected by what the builder has promised to deliver.