Owning a home in one of the posh localities of India is not an easy thing. Given to the property prices and market instabilities, purchasing an apartment in Noida and other such cities is nothing less than an accomplishment. Now, as you have booked your desired home you deserve to be congratulated on the achievement. After all, you would have crossed a thousand hurdles such as bracing up your finances, shortlisting an apt project which would be the best choice within your budget, getting your home loan approved, and so on. Well you know best that realizing this single dream had come at what costs. But wait before you give way to celebrations; have you checked through the vital factors that you would need to think about in the near future.
Project milestones
Have you taken note of the important project milestones? It is your write as a customer to track down the progress of your project as it is your house and it entails a lifetime of savings. Set reminders for important milestones such as bhumi puja, and contact your Noida project builder to make sure if the progress is adhering to the promised timeline.
Tax Benefits
Do I see $ $ in your eyes. Well, it’s true, get to know from an expert as of how much of a rebate are you entitled to. The Indian taxation scheme leaves scope for home loan borrowers. If the property is not self-possessed then any interest payable on the home loan can be rebated. Of course there are clauses and sub clauses but the bold fact is that if you have taken a loan to construct/ buy residential property and/or are a first time home buyer, then you are entitled to a tax deduction.
Physical visit to site
When the rough structure of your apartment in Noida is ready, make sure you pay a visit to the site and look at the progress. You can get a physical feel of the place and making furnishing plans will be easier for you. Moreover it will ensure you that the builder is living up to his market reputation and there is nothing fishy.
Insurance premiums
Some home loans necessitate a home insurance before they signal off your loan. Whether necessitated by someone or not, insurance is vital. The biggest asset of your life shouldn’t be left unguarded. Get to know about the various policies and their costs.