Get Free Hold Flat In Delhi: The ULTIMATE Guide
“Home is where the heart is”
We stan this quote, but this article is for those whose heart does not belong in rented homes! Are you someone looking for a freehold flat in Delhi? Or are you someone sick of renting houses for a long time now? If so, you’re in luck.
In this ultimate guide, we will highlight what freehold flats are and why they are essential. We will also show you how to get your hands on the best freehold flat suitable for you in Delhi, the capital of India.
What Does Having A Free Hold Flat Mean?
Let’s understand what a freehold flat is. It is a type of property ownership where the owner has no restrictions whatsoever. This means that the owner has the exclusive right to use the property as they please without any interference from landlords or other local authorities in the area. The Zoning Law (discussed in the article) governs the land and properties in India; thus, there are specific rules property owners have to follow.
However, the owner of a freehold flat owns the land and the building. In Delhi, a freehold flat would be a residential property with no restrictions or limitations on the use or occupancy of the property. They can own it for an indefinite period without any restrictions. Furthermore, they can also sell or transfer the property to someone else as per their wants.
The Zoning Law In India
This law is created by the local municipal government or other local authority that deals with the construction of buildings, homes, and commercial structures in a specific area, including Delhi. The land in every neighborhood in India is divided for various purposes, such as residential, commercial, industrial, agricultural, transportation, public areas, open parks, and more. These areas are separated to keep everything running in an articulated manner. For instance, residential areas must be set substantially far apart from industrial sites to protect citizens from harmful effects. This law covers many other developmental aspects of a town.
Similarly, one such rule in the Zoning Law states that any commercial activities must not be undertaken in the residential properties on the land. There are some exceptions for professional use of a residential property (in permissible percent) only for four professions that are:
- Chartered Accountants
This law prevents residential areas from turning into commercial spaces. This is why owning a freehold property is one of the best ways to ensure complete control of your property and land.
How To Get A Free Hold Flat In Delhi
Since you are well aware of the importance of a freehold property let’s return to our discussion’s initial topic. Before you start your search, you need to gather details on how to get a freehold flat in Delhi. Below mentioned are some of the most important things to get started:
- Determine your budget-
Before you start your search, it’s essential to determine your budget. This will help you narrow down your options and ensure that you only look at properties within your price range to find the best fit. Moreover, you will get a solid idea about the type of flat you plan to buy and the price range for that flat. This is the essential step, as it allows you to plan your finances and loans accordingly.
- Research on different areas-
Delhi is a vast and diverse city with many different localities. Take some time to research the other areas in Delhi and find one that suits your needs and preferences. Consider amenities and factors such as proximity to schools, hospitals, metro stations, gas stations, convenience stores, malls, etc. Remember to gather information about the locality beforehand to ensure the overall safety and quality of the neighborhood.
- Online real estate portals-
The best way to find a freehold flat in Delhi is to search for properties online. There are many real estate portals, such as 99acres and squareyards, to help you find the latest freehold properties available for sale. These websites offer a wide range of listings, and detailed information about each property, including the price, size, and features. You can also use these portals to contact property owners or brokers directly.
- Visit the property in person-
Once you’ve found a property you’re interested in, it’s best to visit there in person. This will give you a better idea of the condition of the property. Moreover, it will also help you decide if it is the right fit for you. By being physically present at the property location, you can take a closer look at the carpet area of the property, the layout of the property, as well as the quality of the construction and finishes.
- Real estate company websites-
Checking out the websites of some of the top and most reliable real estate companies is another good way to gain this information. It is good to find a real estate company based in Delhi to get the best of the expertise in finding a property in Delhi. Such companies deal with properties in specific localities and can help you find the ideal property for your needs. You can get a consultation online through a telephone discussion or directly schedule a visit to the property if you are already interested.
- Negotiate the price-
Once you’ve found your ideal freehold flat in Delhi, it’s time to negotiate the price. It would be best if you kept in mind that the asking price is usually not the final price. There are chances to negotiate a better deal if you are willing to put in the effort and research how a property is valued. Be prepared to haggle, be bold, and walk away if the seller is unwilling to budge on the price. It is all about finding the right blend of an excellent freehold flat that falls in your budget range.
Conducting business activities from the comfort of residence is how most small businesses start. This saves up on leasing costs, conveyance, and many other expenses. Thus, it is vital to ensure that your property is not conducting commercial activities against the Zoning Law in India. With freehold flats, you have the full right to use your residential property as you see fit.
It is only a matter of time before you step into your freehold flat in Delhi if you connect with a reliable real estate company based in Delhi, such as Happy Homes. We bring you the ideal properties verified for purchase with zero brokerage charges. Get free consultation from us today!