Things to Check Before Buying an Apartment in India: A Comprehensive Guide

Are you planning to buy an apartment in India? Congratulations on taking this significant step!

However, before making a decision, it's essential to ensure that you've covered all the necessary checks to avoid any surprises or regrets later on. In this post, we'll provide you with a detailed checklist of things to verify before buying an apartment in India.

Essential Items:

Interior:

1. Apartment cleanliness and safety

2. Ventilation and sunlight

3. Inspect walls of the unit closely for cracks and water leaks

4. Check plumbing

5. Number of elevators in the building

6. Check noise level (day and night)

7. Bug check (Bedbug, mosquitoes, lizards, Roaches, etc.)

8. Monthly maintenance fee (amount and what it covers)

9. Cellar/Ground Floor (presence and condition)

Exterior:

1. Decent road access

2. Car and Bike Parking (secure)

3. Electricity (stable)

4. Internet and cable access

5. Post office nearby

6. Banks nearby

7. Vegetable Market nearby

8. Clinic and Pharmacies nearby

9. Railway station, bus stand, and airport access

10. Online deliveries available

11. Borewell and metro water

12. Proximity to schools (if relevant)

13. Public transportation options

14. Nearby grocery stores or supermarkets

Nice to Have Items:

1. Trees and parks nearby

2. Lakes nearby

3. Temples nearby

4. Other amusement/entertainment options nearby

5. Recreational facilities (gym, pool, etc.)

6. Pet-friendliness (if applicable)

Here are some factors that affect the value of an apartment :

- Location: The neighborhood, proximity to amenities and local market conditions

- Age: The property's age compared to other properties in the area

- Size: The square footage and number of rooms

- Amenities: Features like a pool, garage or recent renovations

- Condition: The overall state of the property, including needed repairs

- Recent sales: The prices of comparable properties that have recently sold

- Current market trends: The balance between supply and demand in the local market

- Economy: The broader economy's impact on a person's ability to buy or sell a home.

- Interest rates: The impact of interest rates on affordability.

A house that has been on the market for a long time may not meet certain qualities that affect its value.

Remember, buying an apartment is a significant investment, and it's crucial to be thorough in your evaluation. By following this comprehensive checklist, you'll be well-prepared to make an informed decision and find your dream home in India!

What is "1.1 billion param model trained on 3 trillion tokens"

The statement "1.1 billion param model trained on 3 trillion tokens" refers to a machine learning model, specifically a language model. Here’s a breakdown:

• 1.1 billion param model: This refers to the number of parameters in the model. Parameters are the parts of the model that are learned from the training data. They capture the information from the data and use it to make predictions. In the context of language models, parameters could represent the relationships between different words, their meanings, and how they’re used in sentences. A model with 1.1 billion parameters is quite large and complex, capable of understanding and generating a wide variety of text.

• Trained on 3 trillion tokens: This refers to the amount of data the model was trained on. Tokens are units of data; in language models, a token is typically a word or a character. Training on 3 trillion tokens means the model has analyzed a vast amount of text (3 trillion words or characters) and learned from the patterns and structures in that data to understand and generate human-like text.

In summary, the statement is describing a large and complex language model that has been trained on a vast amount of text data. This allows the model to generate diverse and nuanced responses. However, it’s important to note that while these models can generate human-like text, they don’t truly understand the text in the way humans do. They’re simply predicting what comes next in a sequence based on patterns they’ve seen in the training data.

Tax Brackets in the USA

In the United States, the federal income tax system operates using a progressive tax structure, which means that individuals are taxed at different rates based on their income. The tax system is divided into layers called tax brackets, and as income increases, the tax rate on the next layer of income also increases. It's important to note that when an individual's income jumps to a higher tax bracket, they only pay the higher rate on the portion of income within the new tax bracket, not on their entire income.

For the tax year 2024, the federal income tax brackets and rates are as follows:

- 10%: $0 to $11,600

- 12%: $11,601 to $47,900

- 22%: $47,901 to $97,300

- 24%: $97,301 to $209,250

- 32%: $209,251 to $523,600

- 35%: $523,601 to $628,300

- 37%: $628,301 and above.

These brackets apply to different filing statuses, such as single filers, married individuals filing jointly, and heads of households. It's important to consider that these brackets are subject to change due to inflation adjustments and legislative decisions.

Refer IRS => https://www.irs.gov/filing/federal-income-tax-rates-and-brackets