How your investment in a real-estate property turns out is dependent to quite an extent on the reliability of the builder chosen. The most versatile accommodation can include 2 BHK, 3 BHK and even 4 BHK flats apart from duplex villas. Further categorizing, real-estate seekers can acquire small, spacious, luxurious, affordable as well as furnished or unfurnished properties depending on their needs.
The area where an investor is seeking flats is also an important factor. While some areas like Hyderabad, Delhi, Bangalore, Mumbai and Chennai have rates touching the skies, some areas still in the industrial and IT development phase like Jaipur, Ghaziabad and Noida can offer really affordable prices for flats. Now-a-days, flats in Jaipur are high on sales due to the fuelling land value backed by the migration of IT hub. No matter where you buy a flat, how can you assure reliability? Here are a few checkpoints to consider and make the decision:
- Area of the flat: You must take into consideration the area of the flat. Price is always quoted on the super area. While purchasing 2 BHK, 3 BHK or 4 BHK flats, you should remember that the actual surface area will be a bit less in value than the quoted figure. Get to know this in detail from the concerned real-estate builder.
- Don’t bother about the sample flat: While buying your dream flat, you should never go by the sample flat as it is only meant to attract the customers. The ceiling of a sample flat is generally constructed higher.
- Check for the builders permit: In order to book one from the shortlisted flats, you should first check if the builder has all his papers intact otherwise you might face problems at the time of registration. Also check for complete authorization. This is important especially when you are pursuing real-estate interests in newly-developed areas like Greater Noida, Ghaziabad or Jaipur.
- Will the builder be able to help you with home loans: This is vital as many builders are now offering help to their customers in providing a home loan or even a bank loan? If your builder is on the list of a state-owned bank, then you are making a safe investment.
- Late possession clause: This is necessary because if there is any delay on the part of the builder in providing you the flat on time, then he is bound to pay you a monthly penalty.
It is only when you find everything in place and the real-estate builder seems reliable that you should go ahead with all formalities. Few builders offer customer-directed selling as described above. However, those who do offer the same adhere to universal practices and in this way, they try to incorporate all the elements usually found in any of the high-class flats but with the exception of reasonable prices and high-quality delivery.
