What should a consumer keep in mind while purchasing a housing flat?
Ans.: Some of the factors to consider while purchasing a flat are: a. Locality i.e. transport, schools, hospitals, market, business district, entertainment centers, hotels, restaurants, pollution levels b. Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area c. Car parking space d. Quality of construction e. Reputation of the builder or seller f. Sufficient water and electric supply, other utilities g. Cost components: price, stamp duty, registration charges, transfer fees, monthly outgoings and society charges, costs of utilities h. Potential for resale or renting out of the property i.
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