why developer's reputation matters while buying properties

Q: One of the most common mistakes that many buyers of property make is doing business with developers who lack established credentials.

Govinda,

29th July 2015

Investment Advice in Mumbai

delayed project

real estate builder

buying properties in mumbai

reputation of developer

quality of home

timely delivery of project

legal sanctions

adequate amenities

structural integrity of project

Follow Discussion

Also see discussions for

Mumbai Investment Advice Investment Advice in Mumbai

Replies (4)

Hey guys,
What is Structural Integrity of project?

Rituraj,

29th July 2015

Comment

Hmm,
What will say about the poor construction? It is mostly seen that the quality of the construction is not as per the developers credibility?

Shantanu Kumar, Mumbai

29th July 2015

Comment

Good question Shantanu......
But for reputed developers, credibility is the key to their brand recognition. It is their primary competitive advantage in the market. Therefore, they will never offer a homes that have construction defects like bad electrical fittings/wiring, faulty plumbing, water seepage, bad drainage, etc.

Sunil Joshi, Mumbai

29th July 2015

Right Shalini,
How one can easily identify famous, authentic developers from the huge number of builders constantly developing projects on the market?

Veena K,

29th July 2015

Comment

Hello Veena,
There are several factors which define the credential of a builders. Every residential and commercial building needs varieties of permission from local and government bodies. Reputed developers will make sure that their projects have all the required certificates and necessary permissions required by the local authorities. A reputed builders will not take the matter so lightly.

Shalini Parikh, Mumbai

29th July 2015

Why there is a delay in almost every project? It is always seen that the developers will offer their projects for sale before it has actually been completed. And after buying such properties buyers have to face a lot of difficulties?

Veena K,

29th July 2015

Yes, it is true,
On buying a home in an under-construction project, the buyer is confident of a certain time-period in which possession will be given. A reputed developers will not mention the possession time-line beyond a logical limit, firstly because they have huge fund and secondly because they will not take any risk putting their credibility on the market.

Shalini Parikh, Mumbai

29th July 2015

Hi,
Buying a home is a huge investment and therefore nobody wants to take any risk. Dealing only with reputed real estate builders is the first line of defence against getting cheated out of one's money, and being assured of buying a quality product. But a question arise how?

Shalini Parikh, Mumbai

29th July 2015

Comment