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How to buy 3 & 4 BHK flats near Noida Extension

People say you have to be fortunate enough to have your own property. People say that you have to be born with a silver spoon to be able to buy a property and shift from your rented home forever. People also say that it will only be a dream that you will become a property owner one day. 

Let us tell you; all these are nothing but pure myths. You can always have a property of your own even if your bank balance is not very hefty or your wallet is not a big fat one. 

You simply need to get rid of all the myths and think constructively on How to buy 3 & 4 BHK flats near Noida Extension

Here are the myths that you must not believe at all:

  • Myth 1: You are a salaried person. So, you cannot buy a flat

This is a myth. It hardly matters if you are a businessman or a salaried person when you are utterly serious about buying a flat.  

All that you need is having the approach of saving money consistently for a period of time. This money will help you in paying the down payment.

  • Myth 2: RERA is a blow on the people who want to buy property

The Real Estate Regulation Act (RERA) that has been implemented in 2016 is getting misinterpreted by many people. 

Many people believe that there are some many rules and regulations in RERA that it has made things critical for homeowners to even think of buying their own home. Regrettably, this is a wrong interpretation of the act.

The reality is that RERA protects the rights of the homeowners by putting regulations on the sales of real estates. Secondly, this act is applicable only on properties that have an overall size of more than 500 square meters and comprise of at least eight housing units.  

Thirdly, every builder is not entitled to RERA. The person has to be registered with this act in order to apply it.

Hence, before you start believing in any myth, read all the documents that relate to the property you have streamlined for purchasing.

  • Myth 3: Properties that are in Metro cities only give you good returns

This is again a myth. A property is always a future safe investment, whether it is in a metro city or a rural area. 

When you think of your returns, simultaneously consider the amount that you are investing. So, when you compare the money you have invested in buying a property in a metro city with that of a property in a rural area, the picture will be clear. As you pay less for buying a property, the returns will also be less in comparison.