The moment you think of investing in Ludhiana’s real estate, you know you are on the right track. Known as one of the major industrial centres of Northern India, this city offers unlimited opportunities in Business, Residential, Commercial etc., so investing here is quite a good idea if you are planning to buy an apartment in Ludhiana.
With time, the culture of ready-to-move flats in this Punjab city has witnessed an upsurge and will undoubtedly grow with time. Moreover, the major plus point of investing here is that it is just an hour from Chandigarh, The City Beautiful.
Here are the top factors to consider before buying residential flats in Ludhiana –
- Legally verified
Does the residential society you plan to invest in have an excellent legal record? Unfortunately, this is one of the questions that usually doesn’t strike people’s minds. And due to this, many real estate frauds take place.
- 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.
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It specifies certain norms for real estate development, further enhancing transparency in real estate transactions. So make sure that when you are investing in real estate, the project is RERA approved.
The most significant and essential step while investing in residential flats in Ludhiana is setting a proper budget before actually going for it. Of course, you don’t want to pay more than the actual price in the market, so make sure you do market research first!
Relevant to the location only, the proximity factor plays a crucial role. Make sure the residential society you invest in has proximity to all the prominent places in town.
- Prime Location
‘Prime Location’ should be prime for you and your loved ones. When you plan to buy 3 bhk flats in Ludhiana, go there and know whether the location has the convenience, facilities and amenities which suit you. Properly analyse the overall infrastructure, facilities, and vicinity of schools, hospitals, police stations, etc.
These are the most critical factors one needs to consider before investing in Ludhiana’s real estate. It is a well-known fact that instead of independent kothis, flats are becoming a more desirable option for investment. This is because many factors, such as security, safety, amenities, facilities, etc., are taken into consideration. Ludhiana is one of the most desirable cities to invest in after Mohali due to its high ROI on real estate.
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