Buying a home is a crucial investment. For first time home buyers, it makes them delighted and nervous at the same time. Owning a home is everyone’s dream & one of the significant achievements.
Tricity is beholding a surge in the real estate sector, which is expected to go even higher as it is rapidly evolving into a Smart City.
However, the best part about owning a home in Tricity is the connectivity to Chandigarh. All the real estate projects are designed so well & have ultimate connectivity with the city beautiful – Chandigarh.
Beneficial Tips for First Time Home Buyers
A flourishing home buying experience is all about getting the details accurate from origin to finish. These tips for first-time homebuyers will help you operate the process, save money and close the deal.
Choose The Kind of Property
The real estate industry has numerous projects that include Residential, Commercial, Leasing. Even for residential have you have various options to choose from.
First of all, contemplate what kind of property you are willing to invest in.
What is your pick when you decide to have a permanent address for your family?
In Tricity, you can find all sorts of residential projects like Plots, Floors, Flats, Villas & Penthouses.
Locality – Yes! it’s Important
You read it right! It is quintessential to inspect the location you are planning to settle in. Check the area for basic amenities like reputed educational institutes, premium hospitals, supermarkets and delish eateries.
Must check that the locality has the perfect fusion of residential and commercial for hassle-free existence with extraordinary amenities and facilities.
Assess Your Return on Investment(ROI)
One must have the returns in mind while making financial decisions. Calculate the return on investment, Whether you are planning to rent out your property or live in it.
Certainly, purchasing a house is a long-term investment, so choose your location and kind of property discreetly.
Opt for a flourishing locality with assured returns. Additionally, examine the scalability aspect of your property thoroughly.
Moreover, for first time home buyers, it is necessary to check if you can add a few extra rooms or further floors down the ages, as per your necessities.
Review The Legal Documentation
As per the recently applied RERA amelioration, developers need to register with RERA Number for every new project overtaking an area of 500 square meters. Make sure you verify the license and registration number of the development before spending.
In addition, for first time home buyers it is essential to check if the property has been priced accordingly to the carpet area of the house for a clear-cut transaction.
Besides, authenticate that the developers have a No Objection Certificate (NOC) that certifies that the property has been completed without any violations.
Pick a Reputed Developer
Check the reliability of the builders before closing the deal. Various dealers outshine in different types of properties.
Moreover, To make the process smooth, invest in a real estate company known for its quality projects, on-time handovers and has built an unbeatable reputation over years of service.
Best 9 Projects in Tricity For First Time Home Buyers
Tricity has one of the rapidly emerging cities that prominently includes New Chandigarh (Mullanpur Garibdas), Mohali, Zirakpur & Derabassi.
Certainly, these exceptional projects have an incredible infrastructure where construction is on a swing. Most residential projects are ready to move, whereas many families have already started living in these newly developed properties.
1. Omaxe The Lake
The lake is an offering by OMAXE Ltd. It has luxuriously designed ready to move 1 BHK, 2 BHK, 3 BHK and 4 BHK apartments consisting of 1300+ units and 18 towers traversing across a total project area of 140 acres.
- Lifts in all Towers
- Excellent View of Kasauli Hills
- Underground Parking Space for up to 3000 cars.
- Basket Ball & Tennis Court
- Jogging & Cycle Track
- Kids Play Area
- Club Facilities
- Fully Equipped Gym & Spa
- Hi-Tech Security
2. Omaxe The Resort:
The Resort is an ultramodern project of Omaxe designed to provide high-class living at very appealing and affordable prices. Firstly, it gives multiple alternatives of 2 BHK, 2 BHK + Utility, 3BHK and Penthouses. Secondly, the attraction involves immense open spaces and lush green areas.
- Swimming Pool
- Large Open Spaces
- Covered Jogging Park
- Prime Location
- Restaurant & Cafeteria
- 24 Hr Security
3. DLF Hyde Park Estate:
Expanded across 96 hectares of lavish greenery, Hyde Park Estate is a swiftly developing residential extension with one of the most magnificent clubs in the city. Here, you will discover a whole new way of living, implicative of English royalty, in New Chandigarh.
- Multi-Cuisine Restaurant
- Indoor Games Room
- Solar Lighting
- Swimming Pool
- Business Lounge
- Kids’ Play Area
4. Gillco Parkhills:
Gillco Parkhills is one of the first projects on 200 ft. Airport Road in Tricity and being established on one of the most prominent locations of Mohali, the homeowners have the comfort of living near the major establishments such as VR Punjab Mall, Indian School of Business, International Airport, and Max Hospital.
In addition, It also assures smoother connectivity to Chandigarh and the adjacent landmarks as well as allow you to travel to International Airport at Mohali in no time.
- Swimming pool
- Modern Gymnasium
- Breathtaking view of the Shivalik Hills
- Well ventilated and brightly lit home
- Magnificent Landscapes
5. Marbella Grand:
Marbella Grand is an A 5 Star Residential property at the most Pre-eminent location of Tricity. Further, the housing project is a talk of the town for its astonishing & flawless Features and high-end Amenities.
- Luxury Clubhouse
- Indoor & Outdoor Games
- Lush green parks
- Covered Car Parking
- Swimming Pool
- Power backup
6. Sushma Group:
Sushma Group registered its appearance in the real estate industry of Chandigarh right after its origin. Above all, the company is known for offering world-class housing options loaded with state-of-the-art facilities at an affordable rate.
Moreover, Sushma Group has delivered various projects and also, have several ongoing projects. They are within record time and the possession was given to their respective owners before the declared time.
- Kids Play Area
Highland Park offers Ready To Move 2BHK, 3BHK & 4BHK voluptuous Flats & Apartments in the cleanest & green location of Zirakpur.
Prudently established at Patiala Highway vicinity to International Airport Mohali, Malls, and Commercial Developments.
That is to say, Highland Park is developed over an area of 22 acres that includes commercial & residential Flats in an ecological living with dense green surroundings, a Gated society, 3 tier security, ensuring your family’s safety 24X7 with functional Amenities.
- Vastu compliance
- Pool & Billiards Room
- Advance Security & Intercom
- Basket Ball & Badminton Court
- Secured & Separate Kids Play Area
- Jogging Track & Meditation Area
- Swimming Pool & Gym
8. Motia Group:
Motia Group was founded in 2005 with a vision and mission to provide excellent housing opportunities to the inhabitants of Chandigarh.
Since then, they have won more than 14 awards for their outstanding work. Motia Group has fulfilled 15 projects that have received the attention of the buyers due to their architectural brilliance, excellent areas, and superior technologies.
Moreover, They have their existence in both residential and commercial spaces of the real estate industry in Chandigarh.
- Commercial Arcade in the Campus.
- Underground Electric Lines.
- 35′ Wide Internal Roads.
- Stilt Parking.
- Earthquake Resistant RCC Structure.
- Rain Water Drainage.
9. SBP Housing Park:
With SBP Group, you get an opportunity to build your own home at a great location, in a setting full of deluxe amenities. SBP has been successful in delivering over 6500 Homes to its customers.
Additionally, SBP Housing Park has established on Chandigarh & Delhi highway, ladened by lush green areas. The region is so serene and gives a feeling of comfort. The SBP Derabassi is a systematically planned project that has excellent connectivity with Chandigarh. Housing Park, an infrastructural marvel spread across 20 Acres in Derabassi.
- Safe Kids Play Zone
- Meditation/Yoga Room
- Open Gym
- Swimming Pool
- Power Backup
- 3 Star Banquet Hall
- Club House fully functional
- Modern Creche Inside The Premises
- Sports & Recreational Activity
- 3 Tier Surveillance & Security
- Jogging Track with centralized Music System
- Badminton & Basket Ball Court
To sum up, For first time home buyers, owning a home is a milestone. To steer clear of fraud and inconvenience, you must know the fundamentals of buying a property.
Here, we shared essential tips & the affluent yet affordable residential properties in Tricity.
A lavish abode is waiting for you that has all the functional facilities & excellent connectivity with Chandigarh & the neighbouring area.
Written By: Jaspreet Kaur