i want to buy 3bhk flat in kolkata . can anyone tell me how to find out the ratings and reputation of the builders/devel

Q: i want to buy 3bhk flat in kolkata . can anyone tell me how to find out the ratings and reputation of the builders/developers . is there a process of finding out the top developers list in kolkata ?

sourav sinha, Kolkata

9th October 2016

Builder Review in Kolkata

crisil

real estate developers associations of india

how to check reputation of a builder?

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Replies (4)

thankyou for the info

Ravindra kaushik,

11th October 2016

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Hi!
I am agree with you both and try to add some more points in it. If you are planning to buy a property under construction, don't just go by the brochure claims. A lot depends on the builder's competence and resources. Here, what you can do:-
1) You can conduct a quick Internet search by keying in the company name since customer forums, blogs, news reports, property sites, etc, typically have a lot of information.
2) Track record:- A reputed builder will also typically be a member of an industry association, such as the Confederation of Real Estate Developers Association of India (CREDAI), or the Builder's Association of India (BAI).
3) Quality Certificate, 4) Realty ratings and, 5)financial stability.

Anish Mazumder, Kolkata

10th October 2016

Comment

Hi Saurav...
You can also check The CRISIL Real Estate Star Ratings (Crest) provide city specific assessment of real estate projects and can help you compare and identify quality projects within that specific city. They also have a National Developer Ratings list that rates a developer on parameters such as good track record of transfer of clean title, maintain legal and construction standards and timely project completion. However, the developer has to register with CRISIL to get rated and not many projects are on their radar, It will help you a lot selecting a good developer.

Nikhil Bose, Kolkata

10th October 2016

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Hi Sourav!!
Tips to check if a builder can be trusted or not:- 1) compare past records with commitment, 2) collect information about developers' financial health, 3) check whether banks are approved the project or not, 4) visit their past project site and ask the flat owners of that project and, 5) read the agreement and its clauses carefully.

Alokesh, Kolkata

10th October 2016

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