BUYING AN APARTMENT IN
CHENNAI:
UNDERSTANDING THE
NUANCES
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You can spot many residential apartments in Chennai. Ranging from
luxury to affordable housing, these apartments are up for sale on the
market. Top builders have expansive projects with top-of-the-line
features. If you are planning to buy one, you must know about certain
things, including the carpet area, building specifications, features, and
hidden buying costs.
Whether you choose an affordable or luxury flat in
Chennai, you should know about the concept of carpet
area, build-up area, and super build-up area.
Carpet Area: Total usable area within the property
walls.
Build-Up Area: Includes carpet area, walls, and
structural components.
Super Build-Up Area: Comprises the build-up area of
the flat and the shared common area.
The property valuation depends on these areas.
Depending upon your family size, you can choose an
apartment with a suitable carpet area.
Leading builders in Chennai use premium flooring,
fixtures, and paint in their residential projects. You can
find RCC-framed structures, vitrified tile flooring, and
smart electrical in luxury flats in Chennai. Additionally,
air-conditioned gymnasiums, restricted access floors,
waste segregation systems, and CCTV surveillance are
important features to look for.
You should be aware of the hidden charges before buying an
apartment in Chennai. Stamp duty, registration charges, and
legal fees are some additional charges. Some builders can
also charge for a utility connection. Rely on real estate
companies that maintain transparent pricing.
If you want to buy your dream home in Chennai, research different
localities, social infrastructure, and connectivity in the area. Also,
financial readiness is essential to book the right flat. Conduct due
diligence on legal and financial documents before closing the deal.