Real Estate Terms All House Buyers Should Know


Posted September 21, 2018 by balajisymphony

The key to making an informed house, buying decision is to be acquainted with the little details of the property you are thinking of buying Panvel Property.

 
The key to making an informed house, buying decision is to be acquainted with the little details of the property you are thinking of buying Panvel Property and these details that can make or break your investment decision are often disguised in the real estate Property in Panvel.

Here are 8 essential real terms that all house buyers should know:

#Commencement Certificate: A commencement certificate is issued to the real estate developer by the local authorities to commence the construction of the property. If you are buying an under construction Projects in Panvel or yet to be launched property, then it is imperative that you take a look at the commencement certificate before initiating the transaction.

#Encumbrance Certificate: An encumbrance certificate is a legal document that certifies that the land on which the property is constructed is free from any legal disputes or monetary liabilities. The registrar of assurances or sub-registrar issues the encumbrance certificate to the builder Flats For Sale in Panvel.

#Freehold Property: The term freehold property certifies that the owner has complete control over the land as well as on the construction of the property. The owner of a freehold property can transfer, sell, mortgage or lease the property without any restrictions. The ownership of a freehold property can be transferred through a registered sale deed buy home Property for sale in Panvel.

#Stamp Duty: The stamp duty is a form of property transaction tax to be paid by the purchaser of the property. Stamp duty is applicable on agricultural and non-agricultural land, as well as on independent homes, residential flats and commercial units, and it typically costs to 1-8% of the property price. Book your home Apartments in Panvel.

#Common Areas: This term is especially relevant in the case of apartment complexes, and it is used to indicate all the land and home amenities that are commonly accessible to all residents of the Property in Panvel Swimming pool, sports facilities, parking facilities, etc. Are listed under the common place of the apartment complex. Buy 2 BHK Flat in Navi Mumbai and 3 BHK Flats in Navi Mumbai.

#Connectivity: Panvel is very well connected to all the key areas of Navi Mumbai. The major roads that run through this place and the Mumbai-Pune Expressway. The Panvel Railway Station is about 3 kilometers from the locality, and the Navi Mumbai Airport is a 20-minute drive away.

#Social Infrastructure:

One of the key factors that make Panvel a rewarding investment locality is its social infrastructure. The locality is dotted with reputed schools, world-class hospitals and shopping malls buy Flats in Panvel.

#Property Appreciation:

With rapid property price appreciation over the years, Panvel promises excellent ROI. The scope for growth and upcoming development projects in the area make it a highly sought-after commercial and residential locality. From high ROI to the increasing footfalls, Panvel is the emerging investment hub of Navi Mumbai buy house Property for sale in Panvel.

Website: https://www.balajisymphony.com/
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Issued By Balaji Symphony
Country India
Categories Construction , Property , Real Estate
Tags 2 bhk flat in navi mumbai , apartments in panvel , flats for sale in panvel , panvel property , projects in panvel , property for sale in panvel , property in panvel
Last Updated September 21, 2018