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Questions to Ask When Buying New Apartment In Chennai

When buying a new apartment in Chennai, it’s important to ask the right questions to ensure you make a well-informed decision. Here are five essential questions to consider:

1. **What is the Total Cost and Payment Schedule?**
– Ensure you understand the total cost of the apartment, including any hidden charges like registration fees, maintenance deposits, parking fees, etc.
– Clarify the payment schedule, including the down payment, installments, and any other financial obligations.

2. **What are the Legal Clearances and Approvals?**
– Verify that the property has all the necessary legal approvals, such as RERA registration, building plan approval, environmental clearance, and occupancy certificate.
– Ask for documentation to ensure there are no legal disputes or encumbrances on the property.

3. **What Amenities and Facilities are Included?**
– Ask about the amenities provided, such as power backup, water supply, security, recreational facilities, parking, etc.
– Confirm the maintenance costs and who is responsible for maintaining these amenities.

4. **What is the Construction Quality and Builder’s Reputation?**
– Inquire about the construction materials used and the overall quality of the construction.
– Research the builder’s reputation by checking previous projects, reading reviews, and speaking with current residents if possible.

5. **What is the Location and Future Development Plans?**
– Assess the location in terms of connectivity, proximity to workplaces, schools, hospitals, and public transportation.
– Inquire about any upcoming infrastructure projects or developments in the vicinity that could affect property value and living conditions.

By asking these questions, you can gain a comprehensive understanding of the apartment, ensuring it meets your needs and expectations.

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