Not able to sell expensive homes in a slow market, developers across India are making smaller condos without bringing down the cost per square foot and compromising the quality of the product. In the most recent five years, normal condo sizes fell across every single major cities of India. Mumbai Metropolitan Region (MMR) – including Mumbai, Thane and Navi Mumbai – saw the most extreme fall in flat sizes on annualized premise, alongside Bengaluru, Chennai and Kolkata. Different urban areas additionally saw shifting levels of fall in apartment sizes.

Mumbai, which already had smaller condo sizes contrasted with different urban areas, saw a reduction of 26.4 percent in the previous five years. Bengaluru enrolled a 23.7 percent diminishment in average condo sizes, while Kolkata saw a 24 percent cut in flat sizes and Chennai by 22.2 percent. Average apartment sizes have decreased by 9.7 percent in Delhi-NCR and 7 percent in Pune.

A large percentage of the Indian population consists of students or young citizens in general. This crowd usually prefers low-cost houses that are small and easy to maintain. A report mentioned that buyers are increasingly opting for homes that are closer to their workplace in order to cut down travel time.

Several urban buyers are increasingly looking for new homes near their office locations which could be small in size. They prefer a house that is sufficient enough for their family requirements. This does not mean that they are compromising on their lifestyle, but prefer a small compact home equipped with all basic amenities.

Buyers are increasingly opting for homes that are closer to workplaces in order to reduce commute times. As these locations are expensive compared to the suburbs, buyers may be able to afford smaller units, which is more than acceptable. To enjoy the luxury of bigger homes with good amenities, they prefer to buy homes in peripheral areas of the cities, from where the concept of second homes is emerging on the outskirts of the cities.

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If you’re not exposed to mold for a long time, you might notice some minor symptoms, such as irritation to your nose, throat, and eyes. You might possibly develop a headache or a fever if you’re exposed for a longer period of time. Mold can both cause immune system problems and worsen the symptoms for someone who already has an autoimmune disease. Prolonged exposure to mold can result in respiratory damage that can’t be reversed, such as asthma. If you have proper ventilation in your home, you won’t have to worry about mold forming.

At Express Builders, ventilation is on the focus. If the house is not well ventilated then the residents won’t feel comfortable and the whole purpose of better living is spolit. Express Builders makes sure that the apartments are four-sided open and there is facilities for the removal of exhaust from the house.

Air ducts are installed around the whole house to provide airflow throughout. There are three different ways air is moved through your home when this method of moving air is used. The exhaust airflow system pushes inside air to the outside of your home. The supply air system brings air into your home. Then, there is a balanced system of air that moves air in and out of your home. If you have one of these air systems, it’s important to keep it maintained so it doesn’t get blocked and allow air pollutants to lurk in your home.

The ventilation process should be taken care of as it leads to serious consequences if not done properly.

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Even while going for ready-to-move-in flats, you must look for some crucial legal documents of that particular project. Here are some of them:

Sale Deed:

It is one of the most important documents which needed to be checked while going for a new home. It’s the basic legal document that defines sales and transfer of property, so it is always better to read all the conditions related to it. It’s advisable to keep the original intact and if submitted to the lender then at least keep the copy of it for future reference.

Building Approval:

Generally, we finalize the deal just by seeing the project brochure but it’s advisable to check whether the building plan is approved by the authority or not.

Commencement Certificate:

Builders cannot commence the construction without getting commencement approval from local authorities of that particular region. It is given, only after the developer has met the legal requirements.

Collaboration:

If the land owner is different from the builder and the builder has not fully purchased the land from the land owner, it is called the collaboration between both. In that case, a Joint Development agreement must be available with the builder being notarized by the registrar’s office with stamp duty paid over it.

Chain Deed:

Buyers can also look for chain deeds as the land acquisition is done from a legitimate source or not because if there are any pending issues related to that land then it can create hurdles in that project further. So it’s advisable to look at the history of the land and the change of ownership that took place at various stages.

Khata Certificate:

It actually defines who the genuine owner of that particular property is and the Khata certificate certifies that xyz property belongs to that particular individual or group.

Khata Extract:

Khata certificate provides the details of the land owner whereas Khata extract provides you inside details about that property like taxes to be paid and size of the property and location and built area of that property which is also very important for a buyer to know.

No Dues:

It’s always mandatory to take a no dues certificate from a builder when your complete payment is done so that no situation of pending dues or interest shall come.

Possession Letter:

A possession letter is issued by the developer in favor of the buyer stating the completion date of the property. It is a mandatory requirement when applying for a home loan.

Occupation Certificate:

It is the most important document from a builder’s point of view to get. The builder gets an occupation certificate from the local authority after inspecting the building and deeming it fit for human living. The OC is mandatory for applying for services like water connection, sanitation connection, electric connection, applying for a home loan & switching your home loan.

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