Property in Trivandrum looks up in 2013 - Have you done due diligence?

If the initial trends in the month gone by are to be believed then the Trivandrum Property market is showing signs of upward movement and may move significantly in the months to come. As per our information from HFCs and banks, loan disbursements continue at a healthy rate in Trivandrum and there is renewed enthusiasm from investors due to the lowering of interest rates by the reserve bank recently by 25 basis points. Although that number might sound trivial to start with, a small reduction in loan interest rates can make a large difference in the long run as pointed by us in this article on how change in interest rates on home loans could affect you.

Villas and apartments on Sale in Trivandrum - A majority of customers come to us looking for both villas as well as budget and luxury apartments on sale in Trivandrum. A careful analysis on the buying cycle done by our sales team tells us that about 25% of additional time is spent by property buyers in Trivandrum (in a sample of more than 200 customers we have dealt with in the last month) for ensuring the sanctity of the deal - which covers ownership, title deeds, encumbrances and a host of other factors.

Customers who approached us also mentioned that in about 5% of the properties in Trivandrum they were looking to buy, the owner, had still not completed the requisite documentation in the village office and at the Trivandrum corporation. Some customers also complained that due to the bureaucracy involved in the whole process and due to paucity of time, it was not worthwhile to go through real estate websites which had advertised a property without enough due diligence. These customers had backed out from the original transaction and approached us for advice.

Some of the key documentation procedures involved include: Survey office documents, Transfer of electricity and water meters from respective authorities,  Corporation documents etc. 

This is where real estate advisors at Nandanam Consultants play a significant role in doing all necessary due diligence on the property before it is advertised on our website or shared with our customers so that they can buy a property in Trivandrum with complete peace of mind knowing that all aspects are taken care of.