Home is
where the heart goes the popular adage. It’s one of the biggest and probably
the most significant investment that entails a lot of planning.
The word
planning does not necessarily mean mobilization of funds or / scouting for the best housing loan offers.
Great
location and affordable price are the common enticements used by real estate
developers and builders to lure ‘gullible’ people. People are indeed naïve when
it comes to choosing an apartment or more specifically when it comes to
evaluating the cost of the apartment.
 |
| Mr. Atul J.Trivedi, CEO Rashmi Srisairam Property Developers |
Cost of
an apartment..
There are
several aspects that determine the cost of an apartment. To start with, the
most common being the cost of construction in terms of quality of material used
within the house. Irrespective of the size and aesthetic appeal of the
apartment, one should make sure that the material used and amenities provided
within your humble abode are top notch. A mere aesthetic appeal can often
deceive an amateur eye so make sure a professional assess the quality of construction
before you sign of the dotted line.
Land cost
or / the location of your apartment is a
sure shot indicator of whether your apartment value is likely to appreciate or
depreciate in the near future. A good neighborhood, proximity to schools,
colleges and medical facilities like hospitals or / family clinic are some of the aspects to be
considered while determining the cost of an apartment. With stress becoming a
ubiquitous factor in our lives, we crave to stay in a home somewhat away from
traffic clogged roads but at the same time not too far flung from the city.)
So, what are the other critical aspects that determine the cost of an
apartment?
Read
further to know…
If there
is an opinion poll conducted on the favorite questions asked by a home buyer, I
am sure What are the amenities you provide within the apartment complex will
top the list! A gym, swimming pool, play area, an amphitheatre are some of the
familiar amenities offered by real estate developers today.
But, it
will not be long before you see a miniature shopping mall or a cricket academy
within your apartment complex! So if you belong to the burgeoning sect of
people who continue to think that Good infrastructure, amenities, quality of
construction determines the cost of an apartment, then you better think twice.
Honestly, these are micro-level factors that no doubt have a significant impact
on the property value but as a serious home buyer and a responsible citizen we
should be cognizant of the government’s future plans for the area in which you
are likely to reside.
Picture
this - Today, your apartment maybe nestled amidst a not-so-crowded area with a
significant amount of green cover around it and the amenities provided within
your residential complex may take care of your daily needs and requirements.
This
state of utopia state will not last long if the ruling government is unmindful
of commercial establishments (read office complex) and shopping malls
mushrooming in that area.
Vehicles
that could once move seamlessly on the main road in front of your complex will
soon turn into a driver’s nightmare with incessant traffic congestions not to
mention high decibel noise and air pollution. There are several residential
localities in India which has borne the brunt of such callous attitude of the
government.
Homebuyers
have to be sentient of not only the present state of local amenities but also
government’s plans for commercial development in that area. A thorough recce of your soon-to-be
neighborhood is one way of determining whether there are any tell-tale signs of
commercial establishments being constructed.
Potential
homeowners ought to be concerned about government’s plans regarding traffic
patterns, schools, hospitals and other infrastructure as future development can
change your property's value for better or for worse!
About the
author..
Atul
J.Trivedi is CMO at Rashmi Srisairam Property Developers, Hyderabad
Srisairam Projects Ltd.
8 - 3-678 /G -1, Pearl Block,
Srisairam Manor,
Srinagar Colony Road,
Hyderabad 500 045
Site office:
Mobile: +91-40-23548927, 23555294
+91-40-23041875 / 76
+91-093 935 595 95
+91-093 460 460 93
+91-093 489 388 12
Email:
Info: info@Srisairamgroup.com
Sales: sales@Srisairamgroup.com
Customer care; customercare@Srisairamgroup.com
For media
Contact
Daniel
E - mail:
daniel@bluelotuspr.com
No comments:
Post a Comment