The capital of Telangana, Hyderabad is known as the IT and Pharma hub of India. Obviously, the real estate market is a mature one in the city with more people interested in buying under-construction projects.
The government authorities are focusing on boosting sustainable and affordable housing segments of the real estate market. Liberal policies, infrastructure development, and the creation of smaller districts are the main reasons for builders and developers in Hyderabad to invest heavily in the sector.
If you are new to the city here are some important tips to consider before you buy a home.
Budget
Set your budget after doing a proper analysis of your finances. If you are taking a loan, consider all the costs involved and budget the EMI payment from your income. You must do long-term and short-term calculations on paper in order to know where exactly you stand. If you are checking flats for sale in Miyapur for example, you need to check if it is within your budget.
Original article published at https://www.ezeebiz.in/essential-tips-for-first-time-home-buyers-in-hyderabad/