Considered one of the most modern and rapidly growing residential real-estate in North India, Ludhiana has a lot to offer. Nowadays, instead of independent Kothis, Apartments in Ludhiana are really on a boom and are attracting many people to the city when it comes to investment in real estate. What is more surprising is that not only the residents of India are investing in Ludhiana’s real estate at a good pace, but even NRIs (Non-Indian Residents) are also keen to have an address here.
While investing in Ludhiana’s real estate, whether an independent villa or 3 BHK flats in Ludhiana, you need to keep some important factors in mind from going for the right property to the most significant aspect, i.e. Location. There have been many cases highlighted where people have been duped in the name of ‘Prime Location’.
Here are the top points to consider while going for apartments in Ludhiana:
Don’t just fall for the term ‘Prime Location’. When you plan to buy a flat in Ludhiana, go there and know yourself whether the Location is prime for you and your loved ones. Keep in mind your convenience, facilities and amenities which suit you. You don’t want to settle where everything is far away. Observe and analyse the infrastructure, facilities, and vicinity of schools, hospitals, police stations, etc. Also, make sure that your home is located in a safe and secure zone.
The most significant and essential step while investing in Apartments in Ludhiana is setting a proper budget. Of course, you don’t want to pay more than the actual price in the market, so make sure you get the right ongoing price by doing your market research, or you can refer to portal listings, brokers and even newspaper listings. When you set a budget beforehand, things become easier for you!
- Legally verified
Are those 3 BHK flats in Ludhiana you are planning to invest in have an excellent legal record? This is one of the questions that doesn’t come up in people’s minds, ultimately resulting in real estate frauds because many invest with their eyes closed. When you know you are investing your hard-earned money, you must crosscheck all the legal factors. To be factual, numerous mandatory approvals are required, and the developer should also have No Objection Certificates (NOCs) from the concerned officials.
Going for 3 BHK Flats in Ludhiana doesn’t mean you settle anywhere in the city. Related to the Location, the proximity factor plays a crucial role. Make sure the residential society you invest in has proximity to all the prominent places in town. Also, as per the experts, the best Location to buy a flat in Ludhiana is on the Chandigarh-Ludhiana road due to its proximity to Chandigarh. Just an hour-long drive, and you’ll find yourself roaming around The City Beautiful (Chandigarh).
- RERA approved
RERA (Real Estate Regulations Act) is an act that protects the interest of home buyers who plan to invest their hard-earned savings. It specifies certain norms for real estate development, further enhancing transparency in real estate transactions. Moreover, it provides several rights to home buyers.
From rapid development in all spheres to providing endless investment opportunities, Ludhiana is considered one of the prime cities for investment in real estate. The abovementioned are the most crucial factors you need to consider before investing in Ludhiana’s real estate.
However, due to the rapid growth in residential and commercial landscapes, more and more people are being pulled towards Ludhiana because the rapid growth comes with endless opportunities for those seeking growth in all aspects of life.