Location Of Site
While choosing the location, you need to keep the following parameters in mind like proximity to the main roads, bus stops, railway lines, transportation services, civic amenities like educational institutions, park, police station, temples, community hall, hospitals, and auditorium within reach.
Affordability
Does the location fit your budget?
Place of work
How far is the office from the desired location?
Market place
Where is the nearest market?
School
Where is the nearest school?
Public transport
Are buses/trains easily available from the location?
Builder
Does the builder have a good reputation in the market?
Availability of water and electricity
Is there a steady supply of both?
Residential/ commercial
Commercial areas face traffic jams during working hours and level of noise is rather high
Hospital/Medical services
Are they available easily?
Society expenses
Is the monthly outgo on the society and maintenance a strain on your budget?
Security
Are the security systems in place, like a professional guard or electronic systems?
Parking
If you own a vehicle, you will need space to park it
Type of ownership
In some areas, property is available only on a power of attorney or "pugree" basis. Getting funding for such properties is a problem.
Self constructed property (SCP)
SCP is a situation where you buy a plot of land and construct a house there. All banks may not fund such projects.
Under construction property at an early stag
Many banks may not prefer to fund such projects. But if the builder is well reputed then it should not be a problem.
