Things to consider before buying a premium property in Kolkata

Kolkata is an enchanting city to live in and it has this endearing quality of growing on you. From ease of commute to diverse cultural exposures to rich built heritage, there are myriad charms that this bustling metropolis offers. Naturally, owning a premium residential property in Kolkata is a cherished aspiration for countless people. However, before settling on a particular luxury property, we would advocate doing a thorough research so that you can make an informed choice.



What are the things to consider before buying a premium property?

# Your requirements: First you need to figure out the features you are looking for. For instance, how many bedrooms, maybe an extra balcony or a terrace, access to a gym and/or swimming pool, built-in jacuzzi, etc. If you want to create a home office, your needs will be specific to that and likewise.

# Credentials of developer: Buying a luxury apartment is a huge decision and you must put in the effort to research the credentials of the real estate developer behind the property. It’s important to take a look at the properties already delivered by the firm and speak to residents to seek their feedback on construction quality, fittings and of course timely delivery, among others.



# Location: The location is a critical factor and should play a big role in your choosing a particular property. Factors like daily commute to work, proximity of schools, colleges, healthcare institutions, infrastructure, public transport, ambient amenities like shopping centres, entertainment options, etc. and overall livability must be considered carefully before taking the plunge.

# Legal documents: When you spend time and energy on doing the due diligence on your fancied property upfront, it could save you a lot of trouble later. It is essential to check whether all legal documents like construction approvals, clean land deed, receipts for property tax payments till present date, RERA certification, etc. are in order.

# Construction quality: Scrutinize the model flat carefully. Check the walls for solidity and finish, the flooring and overall quality and standards of construction. If necessary, take a civil engineer along with you to properly examine the minute details of construction so that you have total peace of mind. The construction quality has a direct bearing on your living experience as well as the resale value.

# Resale value: Purchasing a luxury flat is a significant investment and a lot of planning usually goes into it. So, it’s a given that you would like to maximize its resale potential should you need to sell the property at any juncture. One reliable parameter is to choose the location carefully. A much-in-demand location will guarantee continuous development of infrastructure and facilities in the area, leading to a slew of real estate development as well. This assures a good resale value.



# Check the view: You should check out the view from your apartment, not just the balcony, but from the living room and bedroom windows and judge for yourself if that’s what you fancy every day. The ambient environment will shape the frame for you and abundant green and open spaces would always enhance the view and your mood. It is also essential to ensure that you have enough privacy while out on the balcony.

# Check actual carpet area: The marketing literature often tends to harp on the super-built-up area which would include common spaces like the common corridor, staircase, elevator space, etc. This could be misleading. What you actually get is the real carpet area, that is the space enclosed within the four walls of your apartment.