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High Street Shop Condomnium

Wave City Center offers High Street Shop Condomnium for retail space. Get more information at http://www.wavecitycenter.in/condominiums.php

Irenia - 2 and 3 Bedroom Premium Residences

Irenia 2 and 3 Bedroom Premium Residences in Noida with world class amenitites. Know more at http://www.wavecitycenter.in/irenia.php

Amore and Trucia - 2,3, and 4 BHK Premium Serviced Residences

Wave City offers Amore and Trucia - 2,3 and 4 bhk premium serviced residences. Know more at http://www.wavecitycenter.in/amore-trucia.php

Monday, 14 August 2017

Clauses to be Careful about in a Buyer Seller Agreement

 

Purchasing a residential property is a legal process and hence, before you proceed with the transaction it is essential that you hire a reputed civil attorney. The attorney will be responsible for scrutinizing the legal documents of the particular residential property, drawing up the agreement papers and deal with other such legal aspects of the transaction. Nevertheless, while purchasing a residential property it is essential that you evaluate the documents and discuss with your lawyer the meaning of the clauses that are there, especially in the buyer seller agreement. While evaluating the agreement it is essential that you ensure that the clauses in the agreement are not against the home buyer and are pro buyer. Moreover, you should also be designated as the sole owner of the residential property that you want to purchase. Some of the clauses that you should be careful about while evaluating the buyer seller agreement have been discussed below.

Understanding your Buyer Seller Agreement

Say for instance you want to purchase a 4 bedroom flat in Noida from a reputed real estate developer; before you can proceed with the transaction you must obtain all the property papers and have your lawyer evaluate the buyer seller agreement. Some of the clauses that your lawyer might point out are as follows:
 
  • The developer cannot change the layout of the property without the consent of the owners, as per the ruling of Supreme Court. The builder must address the concerns of the home owners before changing the layout of the property. Only with a consensus agreement from the homebuyers can the developer proceed with changing the layout of the particular residential property.
  • The developer cannot increase or decrease the size of your apartment. If the developer increases the size of the flat then you will end up paying more and if he decreases the size, then the square foot area of the unit may not meet your requirements.

Thus, while purchasing a residential property like a luxury apartment it is essential that you evaluate all aspects of the buyer seller agreement and ensure that the clauses are pro buyer. 

Friday, 7 July 2017

Buying a Commercial Property in Noida at a Premium Location


Commercial property, be it shop, showroom, or office, is a great investment option owing to the high return on investment (ROI). However, such investments should be done carefully. For that, you should do a market study to understand if it is the right time to invest in a commercial property. For example, if you are interested in buying one of the shops for sale in Noida but the prices are at an all-time high, it is wise to wait till the market becomes stable and things are within your reach.


Also, if there is speculation of prices going down, then you should surely wait. Property prices depend on several factors and you should always take an informed decision. Also, it is very necessary to know about finding the right places to buy property at decent rates.

Points to Keep in Mind When Buying a Commercial Property in Noida

One might find a lot of shops for sale in Noida but that does not mean that each of them is an ideal deal to go for. When buying any shop or any commercial property, the following things should be kept in mind:

  • Check whether the property has proper documents which are real and valid. Buying a disputed property can be a major headache in the later run. So, try to avoid such traps.
  • Check the infrastructure and construction plan. Verify whether it is compliant with standard regulations so as to avoid problems in the future.
  • The location of the shop should be accessible for the customers.
  • Always opt for the best location as it will fetch you good price whenever you need to sell your shop.
  • Also, know your seller(s) before buying, and verify that they are legit.
  • Always register the property to establish your ownership and to avoid any legal dispute.
  • This is the age of promoters who sell land for hefty commissions and at the cost of breaking many legal procedures. Thus, it is advisable to buy property after due diligence at your end.
  • Make sure that the builder has a good reputation and is known for quality construction.
  • You can also check builders’ websites to know what is on offer.
  • Check the complete details, visit the website, ask professionals, discuss with associates and family, and take an informed decision.
Thus, to make your investment worthwhile, you can follow the points as mentioned above, and most importantly, do your own research to make an informed decision. 



Monday, 3 July 2017

How to ensure that the Office Space Purchased by you is Utilitarian?



office spaces in noidaWhen you purchase an office space or a commercial property, then the first thing that you have to take into consideration is the price of the property. Commercial property prices are always higher than residential properties. Hence, while investing in an office space, you must ensure that the investment is a worthwhile one. You must ensure that the office space that you have purchased is utilitarian and meets all your requirements. If you want your business to produce good returns, it is important that you ascertain the utility of a particular office space, before you proceed with purchasing it. Some of the factors that should be taken into consideration, to ensure that the office space you want to purchase is utilitarian, have been discussed below. 
  
Purchasing an Office Space in a Commercial Centre
 
When you purchase space for office in noida, which is a premier commercial and IT hub in India, you must be prepared to make extensive monetary investment. Hence, you should ensure that the office space you want to purchase is utilitarian and meets your requirements. Some of the points that you should consider while purchasing an office space in Noida are as follows:

  • Ensure that the square foot area or the carpet area of the office space suits your organization’s business activities. In other words, the area of commercial space that you require to set up a legal firm will definitely be different from that of a retail store. Hence, to make maximum utilization of the commercial space available, you must choose the area of your office space based on the type of business.
  • To ensure that the commercial space that you have purchased produces good returns, you should purchase a commercial property located in an industrial or IT hub, like Noida. Chances of reaching out to a wider customer base becomes easier, if your office is located in a commercial hub. 

Thus, to ensure that the office space you want to purchase is utilitarian and that it will produce good returns in future, you must ensure that the location of the commercial space is a lucrative one.

Tuesday, 30 May 2017

Reasons for the Growing Demand for Retail Spaces in Commercial Hubs like Noida

Retail space owners look to purchase commercial properties in commercial and industrial hubs. Any city or town which is a thriving commercial hub will have excellent infrastructural facilities. Public transportation systems like the Metro make it easier for prospective customers to reach the retail stores. Additionally, commercial hubs attract individuals from the high income group. This means there will be more customers and hence, improve the sales of the products offered by the retailers.



Importance of Noida as a Commercial Hub


One such commercial hub, which is considered to be lucrative by retailers, is Noida. Being a part of the New Delhi National Capital Region (DelhiNCR), Noida has seen extensive development in infrastructural facilities in the past few years. With the development of the Metro, Noida has become easily accessible for individuals living in, other parts of the NCR. Some of the reasons behind the increasing demand for retail properties in Noida have been discussed below.


Purchasing a Retail Space in Noida


You should Buy Retail Property in Noida because it will not only be a lucrative investment, but also one that produces quick returns. Some of the other reasons for purchasing retail spaces in Noida are as follows:


  • Upcoming hi-tech townships are preferred properties, by individuals from the high income group. Thus, a retail space located within one such township will ensure excellent footfall.
  • Purchasing a commercial property in an industrial hub like Noida requires extensive monetary investment. Hence, if you purchase a retail space located within an upcoming mall in Noida, you can be assured of quick returns on your investment.
Thus, Noida is a suitable region to purchase retail properties as these will ensure quick returns on your investment and will be promote your business, as well. A retail space in Noida is bound to attract more footfalls, since Noida is an established commercial hub.