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Buying a property is a major investment. The costs of properties are increasing at the speed of light. So, when you set out to buy a Kolkata property for sale, you have to weigh your options carefully before making a decision. There are innumerable housings being constructed by countless real estate developers. How to know which one will be the right investment for you? This article will try to answer that question. You have several options to choose from such as apartments, villas and individual houses. You have to make up your mind about the location. Where do you want your home to be? Is it Kolkata or some other city like Bhubaneswar? If it's the latter and you are not familiar with the city, you should find an experienced agent, preferably with the help of a relative or friend, who can show you a reliable Bhubaneswar property. Be very selective. You cannot afford to risk your hard-earned money by making a wrong choice. Here are few things you must keep in mind when purchasing a Kolkata property for sale.

Decide Your Requirements What is the purpose of your purchase? Why are you buying a new home? Do you want to spend the rest of your life in that home or will stay there for only a few years? Is your family with you? Are the family members going to join you later? Or is it just you? These are primary factors you need to bear in mind. Tell these requirements to your builder and he will show you Kolkata property for sale that meets your requirements perfectly. Budget The next in line is your budget. You have to be sure about the exact amount of money you can dole out. Can you obtain a loan for the Bhubaneswar property? If yes, how much interest will you have to pay? Will that help sustain your lifestyle smoothly? In case you are buying a used apartment or house, bargain with the previous owner as much as you can. There will be pushing from both sides, the owner will try to establish his point but you have to do the same thing. Information Gather as much information as possible from your agent. Also, do your research thoroughly.

Pay attention to the price, amenities and other advantages of each property. You can also search the internet for more information on these matters. If you are buying your Bhubaneswar property directly from a homeowner, you do not have to research so much as in the case of brokers but you have to do some research nonetheless. Surprises No matter what kind of property you buy, you should be prepared for some surprises. The biggest one could be like an appraisal failure. If you have opted for a bank loan for the purchase of your desired home, do not let your heart expect much. Even if you and the seller are both in agreement, the appraisal executive from the bank can spoil everything. They basically do their research on the recently sold flats and houses in and around the area of your new Kolkata property for sale. If there are short sales and foreclosures in the area, you can forget about the loan.

What is Lease Options?If the seller wants to stop paying mortgage on property and move on without selling at below its full market value, this is another way of not fully giving up ownership, but leasing the property for a period of time, usually between 5 and 15 years or more depending on the agreement between both parties. A lease option gives the buyer an option of buying the property at an agreed amount at a future date. This is common when a property has little or no equity.Selling a property through an estate agent in the current market can take several months. In some situation, the estate agents could ask the seller to reduce the price to create interest, but still, the property is not sold and the seller may be in dire need to move on, especially if the property is negative equity.

However, selling to a cash buyer a property with zero equity requires a discount of about 25% and the seller may not be in the position to reduce the price.Lease Options enables the seller, to grant the buyer an option to buy the property at close to the property's full market value based on today's market in the future. This enables the buyer to take over the mortgage payments, maintenance and upkeep. It gives the seller or property owner the freedom to move on in life without thinking of any mortgage payment.A typical example of a lease option is thus - let's assume a property is in the market for 100,000. There is an outstanding mortgage of 80,000, monthly mortgage of 500. In order to attract interest, the seller needs to reduce the property price to probably 80,000. In doing so, he will not make any profit at all from the sale and worst still, it could take between 6 to 18 months or more to sell. This means he will continue to pay the monthly mortgage.With lease options, the seller could grant us an option to buy the property for 90,000 within the next 5 years or at an agreed period of time. During this time, the buyer will be responsible for the monthly mortgage payment, carry out maintenance and total upkeep of the property. If he (buyer) chose to exercise the option to buy the property at anytime within the option period, the seller will make 10,000 profit after paying off the mortgage of 80,000. Should the buyer chose not to exercise the option to buy at the end of the period for any reason, or the seller chose not to sell, the property would be returned to the seller in very good condition probably with improvements made to it.

At this time, the seller has saved himself from the burden of paying mortgage, benefited from a long period of not even thinking about mortgage nightmare and the property had experienced significant capital growth.These are some of the scenarios where lease options apply:If the owner is facing mortgage arrears;If the owner is facing repossession, especially on a property with zero equity;If the owner want to move on quickly, burden of mortgage, council tax, maintenance;If the owner do not need lump sum of cas0h to move immediately;Lease Options is a free service and can be completed within 28 days in most cases.For further information on how to sell your house fast, property related query or lease options, please contact

For a home to be perfect, one needs a strategic location, handful of amenities and a developer that can craft a home by undertaking all the features required for a comfortable and serene life. Alliance Group is one of the reputed real estate company, which through its impeccable professionalism and honesty, stand out of the crowd. The company believes in working with ethics and strategic planning to bring into life the perfect residential masterpieces.The Project is designed to catch the nerve of the professionals and socialites who want a perfect lifestyle without any compromise with the comfort and elegance. Located away from the chokehold of the city, this self-sufficient township offer you an unimaginable living that can suit your fancy and whim. The handpicked location of the Alliance Orchid Springs is one of the sought residential destinations in Chennai. It is located at Annanagar West Extension, Padi, Chennai. The close proximity to the two fresh water lakes ensures, both the panoramic views and healthy surroundings.

Other than this, this mini township ensures that you are living close to the commercial sector of the city, making it comfortable for you to travel to your offices.The well designed architecture and infrastructure of the project makes it the most influential address of the city. Alliance Orchid Springs Chennai is a gated community and with the world class features and state of the art amenities make sure that you give a perfect life to your family. To add to the grandeur and elegance, you will have access to umpteen features and amenities, some of which includes, exclusive club house, in-complex departmental store and multiplex, well landscaped gardens with featured water bodies and play area for kids. Other than this, round the clock security with hi-tech tools, 100% power backup and much more, add to the value of the project.This township is one of its kind and offer you well-developed residential place which supports high quality and exquisite lifestyle. This international standard residential project is available at affordable prices which is ideal for your pocket and satiate all your needs.

Alliance Group is one of the leading real estate companies in India. The company is committed to provide unparallel living experience to the people with the perfectly planned and developed real estate properties. The alliance Group is a 5000 crore enterprise which is planning to hit the $10 billion target in the coming 10 years.Now, Alliance Group has come up with a latest residential project called Orchid Springs, in the hand picked location of Chennai, making it well accessible with all the major locations of the city and surrounding areas. The project is spread over 18 acres of vibrant and sprawling land that offers you 2000 apartments, a retail mall, 4 screen multiplex, a defined hospital and an exclusive school. All the apartments are designed with great care and are available in the options of 1, 2 and 3 BHK apartments.

With a great variety of infrastructural facilities, the city has drawn some of the leading names in real estate not only from India but from abroad as well. All these realty builders are mainly drawn towards the apartments in Chennai. The main reason behind this is the educated population of Chennai. With the city having some of the best colleges and institutes, Chennai has the highest literacy rate. The city offers an ideal environment for business, education, and other skilled professionals to prove their competencies. The apartments of the city offer the best in luxury and amenities and the cost is also very reasonable as compared to the metropolitan cities. If one wants to live in the city, then they can be rest assured about the safety and lifestyle that the place offers. Everyday modern needs and facilities are met aptly by the apartments here. The property builders of the city keep in mind the existing lifestyle of the people living here and make their designs accordingly. Their main concentration is to fulfill the varied demands of the modern life that we all are leading today. These builders ensure that they make creative homes so that the buyers get the value of their investments.

Both apartments and flats in Chennai are equipped with the latest and modern facilities such as swimming pool, around the clock security, uninterrupted supply of water and electricity, gym facilities and much more. The city of Chennai is known to have some of the best realty builders who enjoy good reputation and offers lucrative value for money deals. In Chennai, 2BHK and 3BHK apartments are available. All these apartments offer servant quarters, store rooms, living rooms, and lobby. The designing of the apartments are done according to the existing demand. Various high-end projects cater to facilities like hospitals, shopping centers, schools, ATMs, and banks.

In addition to apartments and flats, the builders are shifting their focus on building temples, which are also drawing investments from some of big names in real estate. If one is planning to invest in Chennai real estate then they should consider various elements such as - budget, water and electricity supply etc. Some of the known builders which are coming up with new projects include - Arihant Arden, Navin Constructions, Vijayshanti Builders, and Indian Builders. Some of the potential areas to make realty investments are - Verpery, Mount Roadd, Semmanchery, Egmore, Gopalapuram, Anna Nagar etc.