Importance of Bank Home Loan Pre-approval for a Residential Project

If you want to purchase a luxury apartment in a fast growing real estate destination like Mohali, it is essential that you ensure that the apartment is a part of a bigger housing project. Real estate developers procure bank pre-approvals for home loans, to help homeowners purchase houses with ease. Additionally, home loan pre-approvals also assure homeowners about the authenticity and legality of the project. The reasons for purchasing houses and apartments from residential projects pre-approved by banks have been discussed below.

Purchasing a Luxury Apartment from a Bank Approved Residential Project

If you want to buy house in Mohali then ensure that the residential project is being developed by a renowned realtor. This will ensure that the project is pre-approved by banks and financial institutions. Some of the advantages of purchasing apartments from residential projects that have been pre-approved by banks and financial institutions are as follows:

• In order to purchase a luxury apartment or a house, you may need to apply for a home loan. And, if the loan passes the scrutiny it guarantees the authenticity and legality of the transaction.
• If you purchase a house at a residential project that has procured bank loan pre-approval, then the application for the home loan and disbursal of the loan amount will be faster.
• If you consider bank loan pre-approval to be a prerequisite in your search for a house, you will not have to do extensive research. This will help narrow down your search for a house to exclusive residential projects.
• Bank loan pre-approvals are granted only to recognised real estate developers. Hence, you can be assured of the quality of the construction project as well as the legality of the project itself.
• Thus, purchasing a house from a residential project that has procured home loan pre-approval from banks and financial institutions will help you gain confidence about the authenticity of the real estate developer.

Why Mohali is a Great Destination to Own a Flat?

Real estate industry in Mohali is growing at a fast pace as the Punjab Government is keen to develop it as a commercial hub. There are ultra-modern townships that are coming up across Mohali. The proximity of Mohali to Chandigarh is one of the major factors that make it an attractive destination for real estate developers as well as home buyers. 

According to a renowned real estate developer, if you want to enjoy a modern lifestyle, then you can consider purchasing an apartment in one of the townships in Mohali. 

Living in a Township in Mohali

For those who’re looking for flats in Mohali for sale, there is no shortage of options. Most homebuyers opt for Mohali as they want to live away from the hustle and bustle of major cities, but at the same time want to enjoy all the amenities that a modern city can offer. Some of the reasons behind purchasing a flat in a township in Mohali have been discussed below-

· All townships have facilities such as shopping malls or multiplexes within the township or in close proximity to the region. This allows residents to gain easy access to modern amenities like department stores and enjoy exclusive shopping experiences.

· As the township will be designed right from scratch, you can be assured of organized roadways, by lanes and easy connectivity to arterial roads. The planned nature of ultra-modern townships makes it easier for residents enter and exit the complex. 

· Most residential complexes in townships are earthquake resistant and are built in an eco-friendly manner.

Thus, if you want to live comfortably, then consider purchasing a flat in an ultra-modern township in Mohali. However, it is advisable, that you purchase the apartment from a renowned realtor to be assured of the authenticity of the transaction and construction quality of the flat.

Why the Demand for Luxury Apartments in Mohali has Increased?

In recent years, there has been a surge in the development of surrounding regions of Chandigarh- Mohali and Panchkula. Mohali is slowly establishing itself as a major property destination. The increase in employment opportunities, better educational facilities, and emergence of IT companies are some of the factors that have increased the demand for properties in Mohali.

The burgeoning industrialization of Mohali has also led to the appreciation of the land prices. A wide range of large-scale residential and commercial projects are coming up in and around Mohali. Some of the reasons behind the growing demand for luxury apartments in Mohali have been discussed below.

Purchasing Luxury Apartments in Mohali

According to a renowned property development firm, individuals looking to buy luxury flats in Mohali often work in the region or in Chandigarh Tri-city area. In other words, with the emergence of major companies in this region, there has been an influx of individuals from the high-income group in Mohali. Thus, the demand for luxury apartments in Mohali have increased. Some of the other reasons behind the growing demand for luxury apartments in Mohali are as follows:

· There is a prospect of the development of a Metro connection between Mohali, Chandigarh, and Panchkula. The development of infrastructural facilities is bound to increase the demand for residential apartments in Mohali.

· In Mohali, apartment complexes are built keeping to the norms of the latest environmental reforms. Thus, you can purchase environment-friendly apartments in Mohali, which will prove to be a lucrative investment in the long run.

· The development of Special Economic Zones (SEZs) in the Tri-City area has fuelled the growth of residential projects in the region. This too makes purchasing luxury apartments in Mohali a lucrative investment.

Hence, if you want to purchase a luxury apartment in Mohali, then discuss it with a renowned realtor so that you get the best deal on your purchase.

What are the Important Characteristics of Residential Properties?

Buying a home is a great way to provide a sense of security to your family members. It’s one of the biggest decisions in an individual’s life. However, purchasing any residential property can prove to be quite expensive. Apartments and villas are two of the main options available to anyone planning to buy a new home.

Before you purchase a home, evaluate some of the essential characteristics of residential properties, which have been discussed below.

Apartments

Many home owners opt to purchase an apartment in a multifamily structure or a building complex. Herein, you will be sharing the common area, building amenities and other facilities available in the building complex with other residents. Say for instance, residential property in Mohali primarily comprises building complexes with apartments ranging from one bedroom, hall, and kitchen set up to duplexes and penthouses. However, with residential complexes, residents can avail of facilities such as swimming pool, fully-equipped gymnasium, landscaped gardens and many more such amenities within the building complex itself. These wide ranges of facilities make purchasing an apartment all the more appealing especially to a first time home owner.

Villas and Residential Plots

If you want to design your home as per your desires, then you can consider purchasing a plot of land from a real estate developer. Sometimes, realtors offer plots within a residential project. Here too certain facilities like park, children’s play area and schools are constructed by the developers to meet the requirements of modern families. However, you can design the house itself as per your wishes or choose the design provided by the realtor. These houses usually are much more expensive in comparison to apartments. Additionally, you can also purchase a villa or a single or a double storeyed house directly from the realtor developing such houses in a region or a colony.
Nevertheless, before you enter into a transaction or complete a home purchasing deal, it is essential to get the paperwork vetted by a renowned civil lawyer, to be assured of the legitimacy of the deal.

Experience a Lavish Lifestyle a midst loads of Comforts and Conveniences

A comfortable lifestyle is what everyone desires! The increasing salary packages and a desire to maintain a good lifestyle further attracts home buyers towards luxurious flats. After NCR, Mohali has become the next favourite destination of builders. This not-so-crowded city promises a peaceful and relaxing lifestyle and is, therefore, witnessing the construction of real estate properties every now and then. Some big names from the corporate world are also planning to establish their offices in the city, further accelerating the demand for 4 BHK flats in Mohali.

The famous Wave Group has recently launched a splendid project in the city, named Wave Estate. It is basically an ultra-modern township spread across an area of 300 acres and features an ultra-fine collection of premium villas, plush housing condominiums, charming floors and plots. This project is specially designed for those who like to have all the modern comforts within their living spaces and desires maximum conveniences around.
 
Finely Crafted Residences that everyone dreams for
 
These 4 BHK flats in Mohali are located in the premium parts of the township, offering an extravagance that almost everyone dreams of. Each apartment exhibits an impressive architecture decorated with modern interiors and thoughtful amenities. Perfect for bigger families, these air-conditioned apartments are planned and designed emphasizing on maximizing space with practicality. Moreover, it provides generous storage space along with ample living areas. Not only the project offers large open and green spaces, but even the residences showcase Shivalik Hills in the backdrop along with a serene lake, thereby providing enhanced comfort and leisure.

The location is another beneficiary point with the property. The entire Wave Estate project covers sector-85 and a part of sector-99, which is in the heart of Mohali. A number of landmarks are also located in the vicinity. Few of them are Mohali Cricket Stadium, the Chandigarh International Airport, Fortis Hospital, ISBT Mohali, the Knowledge Park and the projected Mohali City Centre. Moreover, the city is soon to become an important business destination of North India.

Buy Luxury Homes in Wave Estate and Indulge in a Sophisticated Lifestyle

When it is comes to luxury, nothing can beat the lavish apartments that are highly in demand these days. These apartments are preferred not only by the elite section of society but by the upper middle class as well. Builders all across the globe are constructing projects that are highly inspired by modern architecture. These premium-serviced residences are further adorned with all the comforts of a modern life, thereby providing an unparalleled lifestyle to its residents. Such an opulent project, constructed by Wave Group, one of the leading real estate developers of North India is bound to elevate the pleasure of living to a new high. 

Living at Wave Estate is like having rare moments of comfort and peace even after a tiring day at workplace. Buy luxury homes in Mohali in Wave Estate to experience some of its exclusive features. 

1. Spread across an area of 300 acres, this ultra-modern township is a fully gated community, transforming life into a truly larger than life experience.   
2. This project enjoys a strategic location with landmarks like the Knowledge Park, Indian School of Business, Mohali Cricket Stadium and the upcoming Mohali City Centre in the vicinity. Besides, the Chandigarh International Airport is hardly 10 minutes’ drive from here. 
3. These high-rise magnificent homes exhibit an earthquake resistant structure adhering to Seismic Zone IV design requirements. Also, they are designed with an emphasis on maximizing space with practicality.
4. Buy luxury homes in Mohali and experience the principles of contemporary design and comfort. These air-conditioned apartments feature modular kitchen and wooden laminate bedrooms, thereby making these residences an ideal place to live in.     
5. Each residence is located in a family-friendly environment with plenty of large spaces and greenery around. These apartments are perfect for an easy, relaxed and luxurious living. 
6. These contemporary structures offer ample privacy to its residents. Besides, Wave Estate ensures secured and spacious parking facility that can suffice a large number of vehicles at a time. 
7. The entire premises are equipped with advanced surveillance systems and CCTV cameras for complete security of its residents. Also, 2-3 security personals are always there on both entry and exit of the project.   

Apart from the above mentioned features, these thoughtful living spaces are further adorned with a wide variety of amenities. This further ensures a luxurious and sophisticated lifestyle to its residents. Buy luxury homes in Mohali and get a lucrative investment deal on your name. 

Wave Estate – An Ideal Location for a Comfortable and Stress-Free Lifestyle

For some, the definition of home is no less than a luxurious apartment with comforts within and conveniences around. Increased salary packages and a desire to live a relaxing life have further helped this section of society to have a home that exhibits their individual style. Many real estate builders are coming up with housing options that offers residents a chance to create their own spaces as per their taste and needs. Wave Group is one such name and is ready with its spectacular project named Wave Estate in Mohali.

To have a comfortable and lavish lifestyle, you must buy luxury flats in Mohali. These flats possess a number of exceptional features, including:

1. With world-class features and modern amenities, these magnificent homes are creating a new benchmark in apartment living. Right from modular kitchen to modern flooring to wooden laminates, these air-conditioned apartments ensures all the comforts of contemporary living.   
   
2. These apartments are located in a fully-gated community and buying them means you will be able to experience enhanced security. Besides, the entire project is equipped with trained security personnel, advanced surveillance systems and CCTV cameras.
   
3. Buy luxury flats in Mohali to experience an international lifestyle with modern facilities like healthcare, fitness, shopping and entertainment in the vicinity. 
   
4. This high rise project enjoys a strategic location with major landmarks like Chandigarh International Airport, Knowledge Park, Mohali Cricket Stadium and upcoming Mohali City Centre nearby. 
   
5. Designed by globally recognized architects, this project showcases flawless green landscapes and theme parks, providing a stress-free environment to the residents after a tiring day at home.
   
6. It boasts an earthquake resistant structure, meeting Seismic Zone IV design requirements appropriate for the area. 
   
7. Buy luxury flats in Mohali and you can also enjoy free club membership. Besides, this project boasts ample parking space and can suffice not only the vehicles of the residents but visitors as well.
   
8. This project is eco-friendly and follows the principles of sustainable development, including energy conservation and rainwater harvesting.

With so many features and facilities, buying luxury flats in Mohali is undoubtedly a great investment deal. Besides, Mohali being a peaceful city and not crowded as other big cities comes as a nice location for a comfortable and stress-free life. The city is soon to become an important residential and commercial hub in years to come.