It’s imperative to make a fairly educated estimation of the value of the property you intend to purchase. Besides making your own assessment from the market, assistance of reputed and Government approved valuers may also be sought. A comprehensive valuation report indicating value of each of major asset and also the basis and manner of valuation must be obtained from an approved valuer.
The most important aspect of a purchase transaction, it must be competently handled by a reputed lawyer/solicitor/chartered accountant.
Permissions : Familiarize yourself with the housing authorities in the area. The Housing Development Authority of an area provides all types of housing assistance. Before starting work on a property, it is essential to learn about the permissions required from the local development authorities, land ceiling regulations etc. This will help in safer investment.
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