NEW DELHI: With the start of Navaratra from October 16, the festive season, and with it the season of house-buying, will begin in earnest.
This is the time of the year when the majority of house purchases take place in our country. Think deeply about the factors that you should take into consideration before making the buy decision, and do some preliminary research in order to avoid harassment at a later stage.
Location: Both the spouses should take into consideration the distance from their workplaces and from their children's schools. If the travel time for any member of the family is beyond 45 minutes, it is likely to affect quality of life adversely.
Generally, at the time of house purchase, there is a tendency to make an optimistic assessment of travel time. Do take into account things like walking distance from your house to the bus stop or the Metro station, time required in changing modes of transportation, and so on.
If you use private conveyance, remember that traffic will only increase with the passage of years, and so will your travel time.
There may be plans for a Metro line or an expressway in the forthcoming destinations and information about such plans is available in the public domain several years before a project actually comes up.
By consulting the area's master plan and purchasing a house close to the planned project, you can reduce your daily walking distance and enhance the prospect of appreciation of your property's value in future.
Take the instance of Noida Extension. It is well known that the Metro line that to Noida, Sector 32, will in future be extended to the main roundabout in Noida Extension (where a Metro station will also come up). Do try to buy an apartment that is within walking distance of a Metro station.
Once you start living in an area, its social infrastructure will have a profound impact on the quality of life you enjoy. Find out how far away the nearest market place, where you will buy your daily necessities, and bigger markets, where big-ticket items can be purchased, are situated.
Also find out about the availability of hospitals and movie theatres in the neighbourhood.
In new areas, if the social infrastructure is not already in place, then for the first few years you may have to depend on neighbourhood areas. For instance, residents who move into the Dwarka Expressway area may, in the initial years, have to depend on the social infrastructure of Palam Vihar, Gurgaon and Dwarka.
Those who buy apartments in Noida Extension may have to depend on Noida for their recreational and big-ticket shopping. Will the distance be too great and thereby cause inconvenience?