10 Things You Need to Know Before Finalizing your first flat

Whenever we speak of the ‘dream home’, we consider a place that is exactly the way we imagine it to be. However, there is this one problem with imagination; we are not really building the house in most cases. We merely buy a flat. So, how do you ensure that the flat you are going to buy indeed turns out to be the ‘dream home’?

For a first time buyer of any real estate property, there are a few things that need to be checked at first. Before you go on and finalize the deal, here is a list of the top 10 things you must check.

  1. Your requirements – Don’t be vague about what you need. You need to be specific about your needs and requirements before you are going to buy the flat. You might have a car and a proper parking space will become mandatory in such a circumstance. May be you wish to own the flat on the higher floors, in that case you will need to make sure that the flat has proper elevator facility. There can be many more requirements in terms of number of rooms and bathrooms, the area and more. Before you even start considering getting the flat, you must have the list ready.
  2. Find proper location – If you go out searching for flats all through the city, you will literally be bewildered by the number of choices. Make sure you have a few locations in mind at least to start your hunt for the best property.
  3. Get the property rates – Once you have the locations in mind, get the rates of the existing properties in the area. This will give you an estimate about the cost of the flat. For example there are plenty of flats in Rajarhat. Rajarhat itself is quite a large area in Kolkata. However, the flats in Action Area-I of Rajarhat are high in demand and desirability although they come at a higher price than other zones like Action Area-II & III.
  4. Finalize your source of funding – There are many ways you can pay for the flat. Either you can go in for 100% self funding or avail a Home Loan. Generally in Home Loans, funding institutions provide a maximum of 80% loan of the property value. Make sure you get the best home loan deal, currently the starting rate of interest 8.35%. Also, you will have to check your CIBIL score to know if you are eligible for the loan you are hoping to secure. There is always the first down payment involved (generally minimum 20%) which you will have to make. Get yourself prepared to pay the initial down payment for the flat.
  5. Verify the statutory approvals of the flat/project – This is really important with any real estate property. It is easy to get a thorough investigation done by an advocate and know if there is any existing dispute over the property. If you are opting for a Home Loan, the financing institution would have already done the necessary due diligence.
  6. Verify the reputation of the builder – After all it is your dream home. Make sure the builder has the reputation to deliver as promised.
  7. Check with banks about financing options – This might not be needed for someone who is going to pay for the entire property upfront, but if you are seeking loan, talk to the bank and see what financing and repayment options are available.
  8. Check the building plan – You will not understand much about this, but consult an architect to see if the building plan is safe.
  9. Check the materials used as specified – A civil engineer will help you through this. Know if the materials used are of required/approved grade.
  10. Check registration and other documentation details – See if the documentation is done properly at the time of accepting the flat and making payment. Also, have your registration done at that time of full payment/handover.

Roaring Rajarhat: The Second Financial Hub of Kolkata

Keyword: One Rajarhat

At the pace at which Rajarhat is attracting investments it goes without saying that it has emerged as one of the financial and legal services hub in the country’s. The location is said to have allocated 100 acres in the Commercial Business District Zone of New Town. Since 2012 when the first foundation stone was laid for empowering Rajarhat as a financial hub, the journey has been dynamic and strong.

Large Investments from Financial Legal and Educational Sectors

The fast growing centre has already attracted 22 financial institutions like State Bank of India, Bank of India, Allahabad Bank, Bank of Baroda, Corporation Bank, Canara Bank, Punjab National Bank, Syndicate Bank, The Institute of Chartered Accountants of India and West Bengal Financial Corporation to name a few. There are plans of drawing more strategic investors to the financial and legal services hub. A cluster of financial institutions will be involved in putting up the project. The Bench of the National Green Tribunal already functions at Rajarhat as their centre of Business and Arbitration. They aid people to conduct business without any legal hassles/conflicts.

State Bank of India ‎ is establishing a global training institute for banking and financial services at the Information Technology hub of Rajarhat. An investment of around Rs 600 crore has already been made. Bankers from emerging economies and from neighbouring countries will be invited for training purposes.

Top educational institutes like St. Xavier’s and Presidency Universities are coming up with their second campuses here.

Conventional Centre for Financial Upliftment

The Biswa Bangla Convention Centre is a 55m or 18 storeys tall structure that covers an area of 4.57 lakh square feet. The centre houses a mega conference hall, with seating capacity of 3000 along with a state-of-the-art conference facility. It also boasts of two seminar rooms, each with 376 seats, four banquet rooms and a 100 rooms hotel as annexe within the same campus. The convention centre also has a multi-level car parking facility. Bookings have already started for the convention centre.

Tourism Promoting Economy

Rajarhat has also acquired a tourism value. It is thronged by thousands of visitors over weekends and hundreds on weekdays to Eco-Park, Mother’s Wax Museum   Nazrul Tirtha. Once the convention centre is completed, tourists would love to stroll in the Bagjola canal which is a beautiful site in itself. The banks have been developed and a floating jetty will be constructed.

New Residential Projects adding to Economic Thrust

Rajarhat is witnessing growth in terms of high-end as well as affordable housing. New affordable housing projects are coming up in Action Area II   III which are in the range of Rs 30 to 70 lakh.

Action Area I is where most of the premium star hotels and residential projects are coming up ranging between Rs 65 lakhs and Rs 2.5 crores. Leading real estate developers like Unitech, Unimark, DLF   Anik Industries Limited are few of the prominent players with a major presence in the area. They are known for their upcoming projects in Rajarhat, out of which One Rajahat, by Anik Industries Limited which is surrounded by several star hotels in Action Area I, needs a special mention for the luxury along with convenience it promises to provide to homebuyers.

Rajarhat is garnering a lot of attention from NRI’s as well as owing to the availability of land in this upcoming financial hub. That day is not far when Rajarhat will be playing a strong role in sealing the country’s financial fate.

Summary: Rajarhat is set for nothing but growth with huge investments and strong financial plans.

Five Facilities That Are a Must in a Premium Apartment

Keyword: upcoming residential projects in Rajarhat. 

The transfer orders were despatched and Ram and Berry would be soon moving to Kolkata. It was time to call Kolkata home. Shiv, a friend from Kolkata told them that the city was going through a dynamic growth and Rajarhat would be the ideal location to buy a property in. Both Ram and Berry were accustomed to living in the lap of luxury in their Delhi apartment and expected the same here in Rajarhat, Kolkata. They were very picky and wanted their premium apartment to have some premium facilities.

The next day Shiv sent links of luxurious upcoming residential projects in Rajarhat deemed best in the area and the two sat browsing through the amenities. They looked fantastic and at par with Delhi properties, however, some really stood out. But they knew just what they were looking for.

Multiple Recreational Activities

A Multi-Activity Gym was a prime attraction and one of the properties had a state-of-the-art Multi Gym. Trainer support on how to operate latest equipments was what caught their attention. A leisure swim in the pool after a fully packed work out, a jog or a smash at the Table Tennis table were enough to make Ram’s day.

Intercom Facility for the Entire Complex

While living in Delhi in the huge apartment complex, where there were close to two thousand flats, Berry had realised the importance of the intercom facility that covered the entire complex. There was always some event coming up and she needed to communicate with her huge social circle. She thanked the intercom facility for closing down her immense world to just a call away. This was one amenity that Berry could never compromise on.

Automatic High Speed Elevators

Rush hours knew no slugging and especially when Ram was in a hurry to reach office on time. He was a man for whom the world revolved with the clock and automatic high speed elevators was a must-have facility. Large spacious mirrored elevators which glided like a breeze chided happy beginnings to a day and a feeling of flying atop in the evenings. He loved to experience this almost beam up and down sensation and ensured that the property he’d buy at Kolkata didn’t miss this facility.

Yoga/Meditation Area

Both Ram and Berry loved spending time together and their latest fad for the past six months had been yoga and meditation. They couldn’t believe that the new property in Kolkata could read their minds. This is one facility they missed in their Delhi house and had to go elsewhere to pursue their fondness for meditation and yoga. In fact, they were also looking for trained instructors who would lead their yoga and meditation classes. How splendid! This was just perfect, they thought.


Both of them loved reading. Their house in Delhi was loaded with books and a room was dedicated to mostly fiction and a bit of non-fiction. Leaving those books behind was heartbreaking. But there was no need to worry. The new property had a sprawling library enough to spoil the two book lovers. And why not in a place like Kolkata you couldn’t expect anything less!

The couple decided to go ahead with booking their new home at One Rajarhat. The property would be ready soon and they looked forward to a great stay there. [The property will be ready in Jun 2020. Reword the ending and starting of the blog.]One Rajarhat is a luxurious property that promises to provide world-class living experience to all. So, wait no more, just like Ram and Berry – Be the ONE to Stay at ONE!

Summary: Rajarhat is a place that is fully equipped with all the modern facilities. Some flats here are at par with international standards and offer superior quality of life.