Location of The property
The location of the property is the most important thing while considering a luxury property. The location comprises the neighborhood, current developments and future prospects of the property. Location is important because you need to look from the point when you will be living in the apartments you need to fulfill your basic needs and along with that you also looking forward to other services on offer. When it comes to location you also need to consider the connectivity to the major points in the city. There should be facilities like market places, schools, colleges, hospitals within the close vicinity. These facilities should be on offer in the nearby region.
The Reputation of the Developer
The reputation of the developer is also an important point to consider while buying a luxury property. You should check the previously delivered projects of the developer and what type of facilities are on offer in those projects. Along with that, one should also verify the quality of maintenance provided there. The promises made by developers earlier were met or not in terms of delivery and quality of the project. Occupancy structure in earlier delivered projects. If there is any issue you should find the root cause of the same so that, you should not face the same in your current project.
Safety and Security
As customers these days we definitely look forward to the safety and security of our loved ones. Developers are offering a lot of new automation and technological safety and security features in homes. You should check whether the property is equipped with the latest security features like Home Automation, Video Door Phone, Electronic locks, CCTV, 24×7 security. So that you should be rest assured even if your kids are home alone. Safety features can also be in terms of precautions and measures used for emergency situations like fire. Usually these days developers offer 5 Tier security to the residents to make them feel safe inside the premises of the residential society.
When you buy a luxury home you look forward to high-end amenities in the project. Amenities uplift the overall living standard in society. Amenities can be in shape of how much green and open area is offered in the project. There should be a designated play area for kids. The clubhouse of the project should offer world-class facilities like sports and games zone, swimming pool, cafeteria, restaurants, etc. Type of car parking, whether they are future proof or not like providing the electric charging station as we are moving towards the age of electric vehicles. There can be a lot of other amenities that can be part of the project to make you feel luxury.
Necessary licenses and approvals
Last but not least, you should check all the documents in relation to the project. There should be all the required licenses and approvals in place so that there should not be any hurdle that can lead to a delay in the completion of the project. You can seek legal help as well to verify these documents and can check online as well on different department websites. Some of the necessary approvals are Building Plan Approval, Layout approval, No Objection Certificate from pollution board, municipality, lift authorities, Completion Certificate, Clear Title and Approval for conversion of land, etc. If all the mentioned approvals are in place then you should rest assured that there won’t be any legal issue with the property.