Ludhiana’s Real Estate: 5 Must-Ask Questions Before Buying
Ludhiana is growing fast, and so is its real estate market! If you’re planning to call this lively city your home, buying a property is a big step.
While it’s exciting, it’s also a serious decision—after all, you’re spending your savings. To avoid regrets later, ask your builder these 5 crucial questions before signing any deal. Keep it simple, stay smart, and make your investment count!
Table Of Contents
1. Why Should I Invest in This Property?
Start with the basics: ask the builder what makes their project stand out. A good answer should cover amenities (like parks, gyms, or security), the location’s benefits (near schools, hospitals, or markets), and the quality of construction. For example, does the builder use strong materials or offer modern designs?
Also, ask about financial support. Do they tie up with banks for home loans? Are there flexible payment plans? Builders known for transparent deals, often share these details upfront. If the builder hesitates or gives vague answers, think twice!
2. What’s the Super Built-Up vs. Carpet Area?
Builders love using terms like “super built-up area” to confuse buyers. Let’s break it down:
Carpet Area: The actual space you’ll live in (your rooms, kitchen, etc.).
Built-Up Area: Carpet area + walls, balconies, and ducts.
Super Built-Up Area: Built-up area + shared spaces (parking, stairs, lobby).
Always ask for the carpet area—that’s what you’re really paying for. If a 1,000 sq.ft flat has a 700 sq.ft carpet area, almost 30% of your money goes to shared spaces! Builders generally should clarify this upfront, so you know exactly what you’re getting.
3. When Will the Project Be Ready?
If the property is under construction, demand a completion date. Check if this deadline is written in your contract. Builders who delay projects often owe buyers a penalty—usually 1% of the flat’s cost for every month of delay.
For ready-to-move flats, confirm the shifting date and ensure utilities (water, electricity) are functional. Delays can disrupt your plans, so clarity here is key.
4. Can I See All The Documents Now?
Buying a home involves tons of paperwork. Ask the builder to share:
Property Blueprint (layout plan)
Approved Permits (from the city government)
Sale Agreement (with all terms & conditions)
Land Title (to confirm the builder owns the plot)
Review these with a lawyer or expert. Missing documents? Walk away! Reputed builders will provide these instantly—no excuses.
5. When Will I Get the Occupancy Certificate (OC)?
The Occupancy Certificate (OC) is a must-have! It’s issued by the local government to confirm the building is safe to live in. Without it, your flat is illegal, and you could face eviction.
Never move in without the OC. Also, you’ll need it for reselling, loans, or renovations. Ask the builder: Is the OC ready? If not, When will it arrive?
Final Tips for a Stress-Free Purchase
Compare Projects: Visit multiple sites, check reviews, and talk to existing residents.
Budget Wisely: Include registration fees, taxes, and interior costs.
Trust Your Instincts: If a deal feels too good to be true, it probably is.
Ludhiana’s real estate boom is a golden chance to own a home, but only if you stay alert. Genuine consultants set the standard for honesty and quality who value your trust as much as your money.
Remember: Your home is your biggest investment. Ask the right questions, get everything in writing, and enjoy your new life in Ludhiana worry-free!
