Realty News

Things to check before taking possession of your house

Getting the keys of your new home is an exciting and celebratory moment for any home buyer. However, in this excitement, we often overlook a few things which might become problematic in the future. This could be poor construction or lack of promised amenities. So make sure, you refer to this checklist before taking possession of your new abode.

  1. Documents: First thing first. Make sure you get hold of original and photocopies of all the essential documents from the builder/owner. These may include Encumbrance certificate, NOC, Khata, General Power of Attorney, Registered deed of conveyance, car parking etc. 
  2. Amenities: This is a potential area of disappointment in many projects. Builders promise a spate of facilities such as swimming pool, clubhouse, play area, gym etc. at the time of booking. However, it may happen that at the time of possession either these amenities are under construction or builder is unwilling to provide all of them. So before taking ownership, ensure that these amenities are in place as per the agreement.
  3. Wall paint and cracks: Do not forget to check the walls for any cracks or paint wrinkling. Leakages and damp patches, if any, need to be rectified.
  4. Fittings: From electrical to bathroom fittings to door and window handles, ensure everything is in good shape and quality as promised during the time of booking.
  5. Lifts and common areas: If your unit is higher up, check for elevators and stairway. They should both be in working condition. Besides this, see if the common areas are well-lit and have the promised flooring.
  6. Drainage: This is another essential thing you need to check before taking possession of your new house. Clogged outlets could be a big headache and a mood-spoiler when one moves into their new home. Hence, it is advisable to check all drainage outlets in balconies, bathrooms, kitchen, utility, etc.
  7. Safety features: Firstly, ensure that there is no faulty installation, and all the switches, sockets, plugs are working correctly. Then check for fire safety, CCTV, and other security essentials including guards.
  8. Get hold of all the keys: Sometimes when the property is bought from the builder, the maintenance agency usually has one set of keys. Make sure you obtain all of them at the time of possession.

Being sure about everything saves a lot of trouble when you shift to a new house. So, keep this checklist handy and check everything before starting anew in your dream home.

Defying the odds one brick at a time

The recent past has seen quite a many turnarounds in the second largest employing sector known to India, the real estate. One of them which might have skipped your eyes but isn’t worth skipping at all is ‘how women are broadening the dimensions of it’.

Building dreams and shattering stereotypes

Though women have always been one of the key contributors in marketing the real estate, international players penetrating in and increasing demands from the sector has brought them to the core real estate business. With more accepting workspaces and inspiring anecdotes of the people who have made it to the top, women now are ready to take up leadership roles in this domain.

A large part of real estate in India is still male dominant family-run businesses, but the names like Manju Yagnik (Vice-chairperson, Nahar Group), Darshana Parmar Jain (Deputy M.D, Parmar group), Kruti Jain (Director, Kumar Urban Development Ltd) are actively changing this picture. In associated fields like architecture and interior design, women have brought their creative powers into action already and acquired top notch positions in the respective industry. Not only that, some have succeeded in creating and leveraging their personal brands to stand out of the clutter.

All this is serving beyond limits to aspire more women to unleash their potential in the sector. And as Kruti Jain rightly says ‘In this business, it is very important to maintain good interpersonal relationships. The ability to get work done and understand people is what makes a woman a better leader

Buying and living the dream

When we come to the other side, i.e. women as buyers of real estate, this picture has changed as well. Urban India is witnessing a good majority of female home buyers. Independent and working women are considering buying homes as a viable alternative to renting. Attractive interest rates, special schemes, minimal downpayment and discounted registration charges are all empowering them to get their dream home.

For new couples settling in the city, co-owning property has become another great option as this helps them in saving taxes and sharing the EMI burden. Online portals are becoming a go-to route for working women planning to buy the property from the comfort of their desk. To some women investors, realty has proven as a good way to diversify their investment portfolio while availing the schemes and offers.

Looking at the bigger picture, women have come a long way whether it is about building real estate or owning them. With their relentless determination and dedication towards their dream, there is so much more they are looking forward to. While many breakthroughs await, the genesis has been an eminent one, fueling the aspirations of many.