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Why is Inspecting a Bungalow Plot Essential before Purchasing?

Selling or buying a property in the Ratnagiri district involves not only a great deal of time, but also huge stress. What can be worse than finding a drawback of your plot after spending a lot of time, money and effort? Hence, to avoid any such instance, it is necessary to inspect the determinants of an ideal plot before settling there.

A little about Ratnagiri district:

About 316km away from Mumbai, Ratnagiri lies on the Konkan area, known as the land of Alphanso. Being a tourist spot, Konkan is no doubt a pleasant place to settle in. To be very precise, places like Guhagar and Dapoli in this district can be excellent locations for a second home. Being distant from cities, these towns are pollution and commotion free. Senior citizens and peace-lovers can grab this golden opportunity to buy a plot at Ratnagiri.

Coming back to the problems associated; do you know what will happen in case you don’t do proper inspection?  

Here’re the problems buyers can face:

Illegal deeds – False documentation, misuse of ‘Power of Attorney’ and false impersonation are legal issues faced by a buyer.

Unapproved layout – It may sometimes create difficulty in getting a loan.

Bidding War – This can cause a buyer to overpay.

Under-water mortgages – That is mortgages higher than the value of plot must be avoided, as there is a risk of devaluation of the plot while selling in future.

Illiquid assets – These are hard to sell without a loss in value.

Local goons – They may ask for a huge ransom to any new resident.

Above all, a proper home inspection can uncover potential risks and safety issues that might be associated with a particular property, well ahead in time.  

Although in the Ratnagiri district, there’s no such issue as local goons, yet just for your satisfaction, you can check on all these essential aspects before investing in a real estate.  

So, what should buyers do?

While looking for a plot, one must check all the pros and cons associated with a particular property. Blindly buying a bungalow won’t just make them disappointed but also create hurdle in selling it in future.

After all, who doesn’t want a place which abides by all legal requirements, has a safe and friendly neighbourhood, convenient transportation facility, pleasant weather conditions, etc.?      

Talking expert help:

It is always the best to take help of experienced professionals or real estate experts before making a purchase. The PPROM Group is one such reputed organisation which constructs eco-friendly residential complexes on non-agricultural plots. Most of their projects like Janak Jambha Nagari are in the Ratnagiri district and have the perfect amalgamation of modern lifestyle and rural freshness.  

What you’ll find especially in Ratnagiri homes?

You know why inspection prior to purchase is essential. Now, have a look at certain features which are unique to bungalow plots in Ratnagiri district.    

Most properties are developed based on the green city concept.

The locations of the bungalows are the biggest perks; enveloped with green cover while Arabian Sea is a few kilometres away.

 Attractive tourist spots are nearby which can be excellent weekend gateway for the residents.  

Hence, inspect the properties and make a safe and worthy investment amid the lap of nature.

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Buyers’ 101 for Finding the Right Bungalows for Sale

Real Estate sector stands as the 2nd largest industry in India only trailing behind agriculture. This venture consists of numerous sub sectors including commercial, housing, retail and hospitality and as per speculations, expectancy is strong for a 30% growth within the next 10 years. Digging deeper into statistics, the nation’s real estate scenario saw an increase in 11.2% in the last 5 years. It was during this period that the Ministry of Housing and Urban Affairs sanctioned over 2, 17,900 new real estate in India.

Every bungalow for sale in Dapoli is a part of this project today.

With the housing sector contributing around 6% of India’s GDP, prospects are really high for those seeking modern bungalow house plans. However, with so many properties available for sale, finding the right one can be quite daunting.  

Here are some bungalow buying tips for 1st timers.

Layout Consideration:

Bungalows are large sized plots either partially separated or completely detached owing to their layout strictures. They give residents more privacy along with large open spaces or tree plantations at the edge of the property. So, the first thing to check when buying bungalows is the layout structure.

One needs to ask the broker what specific rooms of the property will be used for. In that way one can install lightings or decide the décor properly.

Security:

Security wise –

One needs to check whether the bungalow has windows adhering to safety concerns.  

Another thing to check is if the property has a safe neighbourhood.

Also, check if the property has ample lights and whether one can add some deterrents namely a personal gate and some plantations underneath its windows.

For starters, developers like PPROM Group are building projects in the Konkan adhering to all such safety measures. The eco-friendly bungalows for sale in Dapoli are designed on 1, 1.5, 2 to 3 BHK plan.

Research on the Locality and Always Hire Professionals:

Unless one is a multi-millionaire, buying bungalows are a one in a lifetime kind of thing. So, it always deems right hiring professional real estate experts. These experts will not just offer properties at optimized prices but also ensure the eco-friendly factor intact. Visiting their websites, one will come across numerous modern bungalow house plans with lush green exteriors and amenity stacked interiors.

Furthermore, availing real estate professionals working on environment-friendly will also vouchsafe other perks namely –

Solar panels for electricity generation

Rain Water Harvesting

Bungalows furnished with kitchen Kraft

Cost Free maintenance for 1 – 2 years

Home Financing schemes by top banks

Spacious parking and open eateries

Last Tip – Always Go for Properties which have Potentials of Future Price Appreciation

The Ideal bungalow purchase would be to go for properties which have chances of a substantial growth in price later on. Generally, prices in India appreciate by 6-7% in a fiscal year and so, before buying, one should check the magnitude of increase which their purchased property will undergo with time. This will make it apt if at a later stage, one does wish to sell it off.

These are some of the crucial tips which one needs to check when selecting bungalows for sale in Dapoli or in other Konkan regions. Make use of these details and secure that dreamy property.