Guide to buying a 2 BHK flat in Mohali

Mohali is also referred to as Sahibzada Ajit Singh Nagar. The city originated as a suburb of Chandigarh, but now has its own identity as a full-fledged city. It is one of the fastest developing cities in Punjab, and its location is also its biggest attraction. Not only is it close to Chandigarh, but even to Panchkula and Zirakpur.

With an international airport now functional in Mohali and the presence of noted higher educational institutions like ISB, the demand for property is witnessing a rise. If you are looking to buy a flat, take a closer look at 2 BHK flats in Mohali. However, there are a few things that you need to know before buying any property.

Search for the most suitable properties

You will find many places where there are flats for sale. But, you need to understand your requirement and choose according to them. You need to select a location that suits you. Today, Sectors 85 and 99 are extremely popular, as they offer major developments in the area and 2 BHK flats are still affordably priced and come with numerous features and amenities to meet the needs of a modern lifestyle.

Do your due diligence

Mohali is seeing a spurt of development and many developers, both renowned and unknown, are building residential projects. So, before purchasing a flat do some research about the developer. Make sure that the developer is experienced and is known to deliver projects within the stipulated deadlines. Also, ensure that the developer owns the title deed, as only then they can sell 2 BHK flats in Mohali to prospective buyers. Make sure there is no legal hassle with the project or property.

Other things to consider

Ensure that the project is as per the approved plan and has received NOCs from the water, electricity, and the land ceiling departments. Find out which banks are financing the project to check whether you can get a more affordable home loan from them rather than your own bank. Finally, make sure that the contract contains everything you and the developer agreed to, so that there is no room for misunderstandings later on.

This guide will surely help you find the right apartment for your needs in Mohali. After you get possession of the flat, make sure you register the sales deed.