“Home”, “Dream House”, a shelter , a humble abode are a few terms that we normal people use to describe a pretty basic but important commodity that each one of us wants to own one day. We become bankers, teachers, academicians, engineers, diplomats, administrators and what not but we long to become a proud owner of a house one day. All our efforts and handwork are aimed at providing a place that can not only give us shelter but also become that home where we create innumerable memories and moments with our near and dear ones.
In the increasingly fast paced world of today where materialism and ambition rule most of us, it has become very difficult to buy your own home due to increase in demand and value of land.Gone are the days when houses use to be huge, spacious and affordable. We are living in the modern world where multi storied buildings and residential apartments have become the new buzz word. Everyone wants the comfort, security and facilities provided by these new communities where you can live and grow peacefully. It has become all the more possible to own one of these luxury apartments, penthouses or flats as they come in all shapes and sizes ,so to say.
Especially in Tier 2 cities like JAIPUR , flats are in high demand as they are much more affordable and appeases to the demand of the masses. There are a few important things to remember before buying a flat;
*Fixing a budget- it not only makes it easier to shortlist a house but you also easily compare the prices of properties provided by different builders
*Carpet Area- I t is the actual area within the walls of the flat. It can be 30 percent lesser than the built up area that is used to calculate the price of the property. Therefore it must be calculated as per your needs.
*Land record-The soil quality and topography of the land where the building has been raised must be researched. The plot should be clear of all dues and registered. The title must be cleared and verified.
*Legal check of property- You must ensure that the building must have been constructed on a legally authorised piece of land.
*Apartment Possession- you must be aware of the timeline of possession, in order to avoid unnecessary delays.
*Financing Banks-you must be aware that the banks are willing to fund the project you are planning to invest on.
*Builder buyer agreement-The agreement signed between the bank, the builder and the buyer must be read and understood in detail before being signed.
*Location of the flat-the flat should be in a safe and secure place . It should also have easy access to schools, hospitals and market area.
*Hidden and additional charges-additional expenses such as GST ,stamp duty, home loan processing fee, registration charges and all the other charges should also be kept in mind.
This is a segment that has huge potential due to the increasing demand for one BHK flats in Jaipur for single, newly married couples or working middle class that wants to own a small property in Jaipur. It is seen as a better value for money because instead of paying monthly rent, you can easily pay your home loan EMI and can own a house within a few years. The top five localities to buy 1 BHK flat in Jaipur are Jagatpura, Ajmer Road, Tonk Road, Vaishali Nagar, and Mansarovar. These properties have one bedroom , hall and kitchen. Due to the insurgence of industries and multinationals; the region has seen a growth in number of jobs over the years which has led to an increase in the demand for small and affordable personal spaces. All the major builders in Jaipur provide a vast range of 1 BHK flats in different localities in and around Jaipur. These residential flats also come with a range of facilities and amenities like parking space, garden area, gym, pool, lift,24/7 security, CCTV cameras, basic maintenance services, etc.
In a developing city like Jaipur, where you can get a 1 BHK flat for under Rs. 10 lakhs, it can be seen as not only value for your money but also a great way to invest money in property. Due to the current pandemic situation, the prices are more likely to drop further which can e seen as a huge opportunity for investors and buyers alike. All in all, it can be rightly assumed that the coming years will see an even marked increase in the development and purchase of such 1BHK flats though the designs and infrastructure might also become more luxurious and personalized. Therefore, buying one of these 1BHK flats can prove to be a huge bang for your buck in the long run.