While this surely is good news for those looking for affordable properties to make their dream of owning a home true, there are a lot of things that need to done due diligence into before you park your life’s savings into a project.

Let’s take a look at what all you should check before you sign the dotted line.

First of all, as affordable housing projects are only possible where there is affordable land as the project prices are directly proportional to the land price. Therefore, these projects are generally launched in the outskirts of the city where there are several other issues related to land and other aspects.

Clarity of title

Generally, the land in the outskirts is bought from farmers who, most of the times, do not have clear titles. Even panchayats also do not have clear documentation and therefore, it might become a real mess for the end buyers.

Therefore, it is extremely important to check land title documents before parking the money in that project.

Conversion of land

As the land for most affordable housing projects has been obtained from farmers, it is essential that it should get converted from agricultural to non-agricultural land.

Commute from main cities

Often the upcoming areas on the outskirts of the city are also marred with issues related to commuting from the main city . This might increase the problems once you move in. So, choose wisely and opt for an affordable project nearer to the main city so that you won’t have to face traffic woes later.

Optimum utilisation of pace

Trying to utilize maximum space, developers try to use the floor space index to the maximum limit.Check the layout of the project to find if the distance between the blocks is more than the minimum prescribed or not and then make the decision.

Safety concerns

With the lack of infrastructure, safety issues are common. In the absence of street lights, proper roads and other infrastructure, including police assistance and fire emergency assistance, are difficult to get.

Price appreciation

If a developer promises good appreciation on your investment in a short period of time, he is probably not telling the truth.

In the outskirts, due to the lack of commuting and infrastructure, it is difficult to get good returns in a short time.

So in case you are looking to invest for financial gains, avoid such projects.