Coimbatore is a thriving hot spot for real estate in India as more builders continue to develop high-quality homes in key spots, such as Kovaipudur. However, not every experience and opportunity to own Coimbatore real estate is the same for everyone. The last thing you want to happen is to invest in the wrong property for a much higher price than it’s worth. That said, there are some hidden challenges you must be aware of to make sure that you are investing in the right home, which you and your family can love and cherish for many years to come. Here are some of the challenges you should know about:
- Availability – Whether it’s the property itself or the land, Coimbatore real estate may be difficult to come by when you cannot determine the exact availability. You will want to make sure that the land or the home is truly available to avoid any legal disputes down the line. For safety, consider investing in a privately owned gated community that was developed by a reputable builder.
- Delays – It’s important to work with a credible and responsible builder and property developer that can fulfil their projects on time and budget. Do your homework to make sure that the builder has a proven track record of completing homes without any delays.
- Location – Not knowing exactly where you are buying Coimbatore real estate is a red flag. Verify the exact location of the property and the gated community, and make sure it is well connected to major facilities, public transport, and roadways. Some of the best properties are outside the city centre, in Kovaipudur, where you can enjoy a cooler climate, tranquil surroundings, and green nature views.
- Lack of property care – Consider buying Coimbatore real estate that is backed by a property care program, in case you will not be around to live in the home at all times.