Guidelines to follow while Purchasing/Sale of Plots
Following are the guidelines to follow:
Document Verification:
Please ensure always to verify all the documentation with complete satisfaction to avoid any miscommunication or misunderstanding. Before getting into any property purchase or sale, make sure to inquire about the NOC and approval document by the developers duly approved by the authorities. In this way, your documentation will be valid by all means that may offer customer satisfaction.
Financial Security:
Before the conclusion of any transaction of any sale or purchase of the property, please make sure that your funds are in line with your purchase plan. In this way, your purchase or sale will be made without any issue.
Property Visits:
Before any purchase and after surety of the documents’ validity, visit the site to ensure that the written documents are under the plot specifications.
Documentation Requirement for Booking:
Following documentation is required to buy property Karam Villas And Residency:
- Two passport size Pictures
- Two copies of your National Identity Card
- Two copies of the ID card of your next of Kin
- NICOP for overseas clients
Benefits of Real Estate Investment:
Real estate investment is one of the most profitable businesses among others. It has excellent investment return potential. But the point to keep in mind is that it will only be profitable when conducted correctly. One can gain several kinds of benefits from investment in the real estate industry. Some of the main benefits are as follows:
1.Financial Security:
If a person has some extra amount or someone has some asset, and he wants to keep the value of that asset high, then indeed real is the sector that can keep the value of investment high and does not depreciates
2.Stable Income:
A person can generate a stable income with investment in real estate quickly. One can buy a property, develop it, buy a developed property, and rent it monthly or yearly. Not just this, the rent increases every year by some percentage, so it would not be wrong to say that it gets better than stable.
3.Manageable:
Once an investment is concluded, it’s not like some living thing you have to look after daily. The maximum you will have to do is visit your property every while to ensure it does not fall into the wrong hands of encroachers.
4.Passive Income:
Once someone has invested in a real estate property, then passive income like rent could be generated. Investors buy a developed property or develop an open land and then rent it out, ensuring a steady source generation source throughout the year, uninterruptedly.
5. Non-depreciable Asset:
Real estate investment is a sort of business that will never lose its value once done rightly. Real estate value always increases every year. And if some significant government or private project is started in its vicinity, then the value may increase manifold.
Booking Procedure:
The booking procedure is as simple as it could be. All you have to do is follow the steps mentioned below:
- Fill your booking application form with full attention
- Attach the CNIC Copies of Applicant
- Pay Down Payment via Check or Pay order in favor of “Karam Villas And Residency,” but confirm the management process in case of new changes.
- Cash Payments are also accepted after confirmation by the management.
- Submit all the required documents, Payment, and Get the receipt.