GUIDE
Here are some useful tips that should be kept in mind by Home buyers / Investors in INDIA
SELECT THE RIGHT BUILDER
Once the location is determined, the initial step in purchasing a home involves selecting the appropriate builder. Prospective home buyers and investors must seek answers to various questions, such as the duration of the developer's tenure in the industry, the number of completed projects, adherence to timelines, reasons for any delays, and the status of pending projects. Conducting thorough background checks and assessing the financial stability of the builder is essential.
Furthermore, it's crucial for home buyers and investors to evaluate the quality of the builder's past projects. Typically, developers with a national presence offer greater quality, credibility, and transparency due to their extensive experience. Therefore, if feasible, opting for projects developed by experienced builders reduces the likelihood of risks or delays.
GET THE TITLE CLEARANCE
Clarity in property title is essential, particularly for securing bank loans. Issues with unclear titles can pose significant obstacles during loan application processes. Opting for projects developed by national-level developers mitigates this risk, as they typically commence their projects only after ensuring all legal aspects are in order. This proactive approach minimizes the likelihood of title-related complications, offering greater assurance to both buyers and lenders.
GET CLARITY ON THE ACTUAL SIZE OF THE FLAT / BUNGALOW
The property size is typically described in three units: carpet area, built-up area, and super built-up area. It's crucial for home buyers and investors to clarify these details with the developer. In some cases, unethical or inexperienced builders may overcharge customers by claiming a larger area than what is actually provided.
While such issues may occur with inexperienced developers, experienced developers tend to be transparent and adhere strictly to their plans and policies. Therefore, opting for projects developed by experienced builders reduces the risk of discrepancies and ensures clarity regarding property size and associated costs.
READ THE TIMELY POSSESSION CLAUSE
In the current climate where project delays are prevalent, it's essential for home buyers and investors to carefully examine this clause. They should inquire with builders about contingency plans in case of possession delays. It's worth noting that reputable developers prioritize meeting timelines to safeguard their credibility across markets. Therefore, selecting projects from reputable developers increases the likelihood of timely possession and minimizes risks associated with delays.
CHECK THE CONSTRUCTION AND QUALITY
Home buyers and investors must prioritize evaluating the construction quality of a project. They should inquire with builders about recent projects and investigate any reported issues such as leakage, cracks, or elevator malfunctions. Additionally, scrutinizing the sample flat can provide valuable insights into overall quality, space utilization, and materials used for flooring.
Opting for projects by national-level developers can provide reassurance regarding quality and construction techniques. These developers are renowned for their commitment to quality and often source top-quality raw materials from reputable vendors nationwide, ensuring superior construction standards.
CHECK THE FACILITIES OFFERED
During the home buying process, it's imperative for both home buyers and investors to assess the facilities and amenities promised by the developer. They should inquire about the timeline for providing these amenities, as some developers may prioritize selling units over delivering promised facilities, leading to delays or oversight.
Opting for projects by national-level developers offers distinct advantages in this regard. With their nationwide operations, these developers possess the resources and expertise needed to fulfill their commitments promptly. Furthermore, their extensive experience enables them to introduce high-quality amenities and innovative facilities that may set new standards for the region, enhancing the overall living experience for residents.
MAINTENANCE MATTERS!
Finally, buyers and investors should not overlook the maintenance aspect of the project. In fact, our real estate company boasts a dedicated care department specifically for this purpose. This department is responsible for ensuring cleanliness, hygiene, water and electrical management, security and safety, as well as general upkeep of the property. Additionally, it addresses various needs and queries of the residents.
Moreover, our care department assists residents with resale and rental processes, providing comprehensive support throughout. Therefore, buyers and investors can confidently choose our projects, knowing that their ongoing needs and concerns will be efficiently managed by our dedicated team.