The Ultimate Guide to Buying Property in Thrissur

13 March 2024
The Ultimate Guide to Buying Property in Thrissur

Thrissur, hailed as the cultural capital of Kerala, continues to captivate homebuyers with its abundant cultural richness, the amiable demeanor of its people, and its scenic surroundings. The city is a renowned tourist hotspot surrounded by captivating green landscapes, beautiful temples, and adventurous locales. Prominent builders strive to outdo each other in constructing innovative apartments in Thrissur within this vibrant city.

Let us look at some important factors to consider while buying property in Thrissur:

1. Budgeting

The first step in the process of buying property in Thrissur would be to know your budget. The total budget is calculated by adding the savings and the loan amount if you are planning to take a home loan. The budget must include all the expected expenses like the cost of the apartments in Thrissur, registration, documentation, fees for hired experts if any, and other added expenses which may arise. By factoring all of this and making the allocations one will know their financial position which will be helpful in the subsequent steps.

2. Market Analysis

 After selecting the location, the next step would be to look for properties in these locations. Given the competitive real estate market it is important to do a background check on the builders in Thrissur who have their projects in these locations. By exploring the projects online one can get a good idea of the developer’s reputation about project quality and delivery. Another way is to visit the sites and attend property exhibitions which can provide all the required information about the flats in Thrissur.

3. Location

The location holds a significant importance while selecting the property. Accessibility and connectivity of the property determine the quality of everyday life for the owners. The property should be easily accessible by public transport with good physical infrastructure in place. It is best if the property is well connected to the metro rail network if any. It should be close to important social infrastructure facilities like schools, colleges, hospitals, and shipping complexes.

4. Pricing and Negotiation

After short-listing properties, it is advisable to have more than one property, the next step is that of pricing and negotiation. Undoubtedly, the details of the pricing must be known in advance to avoid surprises at a later stage. For instance, hidden charges may sometimes not be revealed. It is important to clarify these early on so that there won’t be any changes in the financial budgets. Try to negotiate for the best price by comparing it with the present market rates. It is best to make the most of any offers, promotions, and freebies offered by developers during festive seasons.

5. Physical and Legal Scrutiny

This step involves studying important documents, carrying out physical inspections, and evaluating promised facilities and amenities by the developer. The relevant property documents should be cross-checked. The details of the projects should be checked and verified on the RERA website. All the approvals and documents should be checked to give confidence to make the payments and start the journey of owning the property.

These are some important steps one must follow while selecting and purchasing property in Thrissur.