Buying a new home? Get hold of a good builder
With modernization, the standard of real estate in the nation has witnessed a complete a makeover, however,of lately it is being maligned with rising number of immoral developers. Change is inevitable, and the real estate market of the nation bears testimony to this fact.The realty sector reports of some unscrupulous developers who run a game on, and deliver substandard products to their customers.
News regarding illegal housing projects in the nation, have authenticated the fact that there exists a plethora of dishonest builders aided by local authorities and politicians. Hence, it is incumbent for end-users to probe the credentials of a builder, vet the project and verify the documents before striking a deal.
Imperative for buyers
According to market experts, it is in the good interest of a buyer to ensure that a particular builder has a team of project managers, who ensure quality consistency. During the delivery of a flat, buyers are highly recommended to check up on the claims of a builder, verify all the facts and make the most of their investment.
For an average buyer or mid-income household, purchasing home is a life-time investment. Thus, it becomes imperative for a buyer/end-user to be well-informed about the product. Certain aspects like status of the land title, builder’s reputation, price-breakup, legal approvals and completion certificates among others should be taken into consideration by a buyer, before gushing in with their investments.
Top 3 tips for lucrative real estate investment
Before giving a nod for any project, a buyer needs to dig into certain factors that cannot go unnoticed. Such factors include:
Reputation: A lucrative investment into real estate begins by selecting a developer of some repute. This is a crucial aspect since a number of developers in India are unscrupulous and dishonest, who feed at the expense of gullible clients and end-users.
Documents: Verification of documentation is a point de rigueur, before turning a blind eye on the developer. A buyer must verify whether a particular project is legally valid or not and is free from ownership issues. Such documents include- certificates related to land mutation, town planning approval, land registration, commencement certificate, airport authority approval, fire department approval, pollution board approval etc.
Professional aid: To put a lid on defrauding, it is crucial for buyers to get professional help to get a project professional inspected and appraised. A professional help has become a mandate due to lack of information by developers and absence nonattendance of centralized repository. Thus, it becomes more crucial to avail expert opinion for guaranteed results.
