Rancharda is one of the best localities in Ahmedabad to purchase flats. Recently, many people are switching to Rancharda for various reasons. Rancharda offers a peaceful environment for living that makes it popular among investors. There are many residential and commercial properties in Rancharda, Ahmedabad. Find a Plot for Sale in Rancharda with the best deals to build your dream home. If you have decided to purchase the flat or plot in Rancharda, keep reading this article. Here are some mistakes that you should avoid while buying a flat in Rancharda: 

Getting new credit cards 

Getting a new credit card while buying the home will cause delays and affect the credit score. It might harm the ability to obtain a housing loan. The debt-to-income ratio can vary due to additional credit cards, and the lender will check the mortgage approval and repayment risks. 

Ignoring research on the reputation of the builder 

A common mistake the buyer makes is a lack of research on the Construction Company's reputation. It is advised to research the builder and talk with previous customers to get an idea about the company. Explore a lot of Flats for Sale in Rancharda with real photos, floor plans and aerial views online. It is good to purchase the flat from a builder with an excellent track record and start a new life with a family. 

Fail to see RERA norms

RERA stands for Real Estate Regulation & Development, and RERA Act is important for all commercial and residential projects. The builders should apply to register them with the regulatory authority within ninety days. The building has more than eight apartments and must register with government bodies based on the RERA norms. Buy the property with the RERA approval. 

Neglecting paperwork 

Documentation is a critical aspect to bear in mind when purchasing a flat. If you pay attention to the paperwork, some possibilities can lead to losing money and a flat. You must check documents, dead sale execution and survey number before buying the property. 

Read the sale agreement carefully. 

The sale agreement is the most important document, so you should read it carefully before signing when buying the site from the builder. After you have signed the agreement, you won't be able to object to anything in it. As a precaution, it should include a penalty clause and a possession date. It is also mandatory to register the sale agreement.

Purchasing the flat is the biggest decision, so you don't make these mistakes.