How to check a builders track record?

Q: I am planning to buy a flat in Kolkata and for this I started searching good builder and project, but due to somehow I am confused that what factor should I check to search good builder's track record?

Anil Choudhary, Kolkata

7th August 2015

Builder Review in Kolkata

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residential project in kolkata

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Replies (2)

@ Anil,
Financial health provides you a clarity about whether the builder has faced any crunch in completing past projects or not. If there has been any case of funding issue, then probably the builder is not the best one to go for. In such cases you can identify the weaknesses, assess the overall credibility and make your final call. You can find details regarding the financial health of a builder on the company website and assess whether the builder would be able to the project deadline or not.

debabrata sarkar, Kolkata

7th August 2015

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Hi Anil, It is common phenomena when we start our journey to buy the residential project to check the credentials of builders before investing. According to me there are few ways to check the credibility of a builder:
1. Developer Background Check
2. Past Record and Performance of the Builder.
3. Real Estate Ratings
4. Financial Status
5. Recognition in Real Estate.

Kaustav Paul, Kolkata

7th August 2015

Comment

How to check the background of builder? Is there are any smart way to do this?

Anil Debnath, Kolkata

7th August 2015

HI Anil, when I have started searching the property, the first thing I have check builder website.To start, you can go through the website and check the list of completed, ongoing or upcoming projects.Also you can contact few local broker to know more about the builder.These brokers may cast some extra light over the builders past records.

Kaustav Paul, Kolkata

7th August 2015

CRISIL introduced its real estate star ratings which provides an overall assessment report of different real estate projects from specific cities. Along with this, CRISIL itself comes up with a rating list for various developers based on a number of different aspects.This rating will be helpful to check builder credential.

Alokesh, Kolkata

7th August 2015