When it comes to real estate investment, Zirakpur is a booming city attracting investors from different portfolios. Zirakpur is a satellite town located in the foothills of Himalayas, adjoining cities like Chandigarh, Panchkula, and Mohali. Residential property in Zirakpur has enjoyed a strong average annual growth rate and promising future demands, thanks to increasing population. Today, people have a myriad of opportunities across the spectrum of flats for sale in Zirakpur.
Zirakpur is not only the most bright destination for residential projects but also an upcoming hub for commercial investments as well. To meet the demands of the increasing population, the city is developing rapidly with international stores, hotels, hospitals, and educational institutes.
Let’s take a closer look at the points to be considered before diving into the real estate market of Zirakpur:
Long term investments
Have a long term perspective while selecting the property to invest in. Carefully evaluate the options available in the market and consider the factors that affect the appreciation of any property, for example; future development plans, economy, rental income, etc. Avoid investing based on short term gains.
Top-down approach
With umpteen options available in Zirakpur, one must set a clear and specific investment goal to start with. Evaluate the property based on the total cost instead of the basic cost. Understanding the various costs involved in acquiring the property can be tough and you need to educate yourself with the charges involved including property registration cost and other future expenses.
Move forward with syncing your investment goals with the location. Once you have shortlisted the city, look out for the various residential projects and compare master plans, floor plans, amenities, neighbourhood.
Builder’s reputation
Knowing the builder’s reputation can make a big difference when it comes to buying your dream home. Look out for the number of projects developed by the builder; verify the pending litigations, necessary clearances like no objection certificate, environmental clearance, commencement certificates, completion certificate, occupancy certificate, cancellation policy, etc.