The real estate market in Mohali is growing rapidly. The region's untapped potential is beginning to attract attention, prompting more people to invest. Like any other developing location, the city offers appealing opportunities in terms of residential and commercial property. All of this has increased the demand for 4 BHK luxury flats in Mohali.However, the surging interest has increased the construction of new buildings, leading to soaring prices. As a first-time home buyer, you must know all the nitty-gritty. Through this blog, we guide consumers on the important factors they should consider before purchasing a flat in Mohali.
The following are some of the things to keep in mind while evaluating a location:
Other than this, the following is a detailed list of the important property paperwork;
Checklist for Structurally Safe Buildings
Q1. What is the average price of a 4 BHK flat in Mohali?
The cost of a 4 BHK flat in Mohali typically ranges between 1 Cr to 2.50 Cr, depending on the location, amenities, stage of construction, and project developer. Premium locations such as in sector 66, sector 82, and Airport Road are usually costlier.
Q2. Are 4 BHK flats in Mohali a good investment?
Absolutely! Due to the rising demand and increasing prices, investing in a premium flat in Mohali will be extremely beneficial in the long term.
Q3. Can I get a home loan for buying a flat in Mohali?
Yes, most major banks offer home loans to verified applicants to buy property in Mohali.
Q4. What amenities are generally included in a 4 BHK flat?
Luxury 4 BHK flats in Mohali typically come with basic and modern amenities such as 24/7 security, a dedicated parking space, a gym, a swimming pool, power backup, a decorated public garden, a play area, & others.
Factors to Consider Before Buying 4 BHK Luxury Flats in Mohali
1. Power of Prime Location
Location is undoubtedly one of the most important factors to consider before buying a flat or any other property type. Sometimes, the location matters more than the residential project you plan to opt for. Nowadays, the location holds the key to the future success and price of a housing unit. Majorly premium flats in Mohali are positioned in the most prime locations of the city. A well-chosen area offers convenience and a lifestyle that complements your lifestyle.The following are some of the things to keep in mind while evaluating a location:
2. Price of the Flat
Make sure to carefully analyze the final pricing of the flat. In some of the cases, the advertised price of certain 4 BHK luxury apartments in Mohali does not reflect the whole amount that must be paid in order to take ownership of the property. This is why it is critical to verify aspects of the pricing structure for a homebuyer. To get a fair estimate, always inquire about the flat's present cost. After taking the necessary steps, only then choose which house to purchase based on your budget.3. Developers Reputation
Another thing to consider while buying a flat is the developer's market reputation. A reliable builder with a proven record tries their best to get you a good deal. You can avoid trusting the wrong person by doing research, such as reading online reviews or talking to previous buyers or sellers. Choosing a real estate agency that’s established, such as Realty Norstar, can be an advantage. Their deep expertise and knowledge of the market, access to verified and top listings, and a strong professional network make the buying process easier and more trustworthy.4. Must-Have Paperwork for Property Purchase
Another crucial aspect of your flat-buying checklist should be property paperwork. Start by ensuring that the title document is transparent and free of any irregularities. You need a valid and authoritative deed that legally establishes your right as a property owner. With this, ask for an occupancy certificate from your dealer and see if the unit has been approved for residential use by the local government. No occupancy certificate is significant as obtaining it avoids difficulty in getting essential services like clean water, electricity, etc.Additionally, the luxury apartments in Mohali must be registered with the Real Estate Regulatory Authority (RERA) plus should meet legal norms and regulations.Other than this, the following is a detailed list of the important property paperwork;
- Registered Sale Deed
- Jamabandi (Land Record / Record of Rights)
- Mutation Certificate (Intkal)
- No Objection Certificates (NOCs) from relevant authorities (PUDA/GMADA/LDA, etc.)
- Allotment Letter (for government authority/allotted properties)
- Possession Letter
- Building Plan Approval by the municipal or development authority
- Encumbrance Certificate
- Property Tax Receipts
- Utility Bills (Electricity, Water – to verify no dues)
- Completion Certificate (CC)
- Aadhar Card and PAN Card of the buyer and seller
- Agreement to Sell (if the sale deed is not yet registered)
5. Key Indicators of Safe Construction
The durability and safety of your home matter the most. Consult with your real estate broker about the construction materials used in the construction of the property. While on a house visit, examine the signs of craftsmanship, such as looking for cracks in the walls, unfinished painting, uneven flooring, loose faucet fitting, misaligned doors or windows, usage of low-quality wood, improper electrical wiring, and water seepage. Buying a house is one of the most important decisions, so if you can, hire a professional building inspector who can check the entire construction and offer you honest feedback.Checklist for Structurally Safe Buildings
- Strong and deep foundation
- Use of quality materials (cement, steel, concrete)
- Compliance with the IS structural design codes
- Earthquake-resistant construction (especially in seismic zones)
- Properly aligned load-bearing columns and beams
- Sanctioned and approved building plan
- Durable plumbing and electrical systems
- Waterproofing in walls, roofs, and bathrooms
- Regular site supervision by certified engineers
- Fire safety systems and emergency exits
To Sum Up
Purchasing a 4 BHK luxury flat in Mohali is a life-changing decision and a big investment. We have shared a few significant factors that one must consider before finalizing a property, from evaluating the construction to making sure that all the paperwork is valid. As a first-time purchaser, you must pay particular attention to any hidden fees, investigate the entire building, and look for amenities before closing the transaction.Working with a renowned and trustworthy real estate agent, such as Reality Norstar, may simplify the purchase process by providing expert help. We believe that with the correct approach, you can obtain a superior flat in Mohali at an inexpensive price that suits your lifestyle and, more crucially, your budget.We are here to answer your questions at any time of day or night. You can contact us by calling +91 80541 28354 to organize a FREE site tour and explore the greatest properties available.Frequently Asked Questions (FAQs)
Q1. What is the average price of a 4 BHK flat in Mohali?
The cost of a 4 BHK flat in Mohali typically ranges between 1 Cr to 2.50 Cr, depending on the location, amenities, stage of construction, and project developer. Premium locations such as in sector 66, sector 82, and Airport Road are usually costlier.
Q2. Are 4 BHK flats in Mohali a good investment?
Absolutely! Due to the rising demand and increasing prices, investing in a premium flat in Mohali will be extremely beneficial in the long term.
Q3. Can I get a home loan for buying a flat in Mohali?
Yes, most major banks offer home loans to verified applicants to buy property in Mohali.
Q4. What amenities are generally included in a 4 BHK flat?
Luxury 4 BHK flats in Mohali typically come with basic and modern amenities such as 24/7 security, a dedicated parking space, a gym, a swimming pool, power backup, a decorated public garden, a play area, & others.
