Saturday, April 7, 2007

BUILDER’S STRENGTHS

To buy property in India a house is the biggest ever investment of a common man, where in whole life’s hard earned capital is at stake. Ignorance of certain constituents may spoil your hard earned money. Please ensure before buying a property in India that you are investing in a right property or not. While to invest in a house is an important decision, it is equally difficult also. Therefore do not make haste in buying a house and take care of the following aspects:-

v BUILDER’S STRENGTHS

a. Before buying a buy property in India, first of all check whether the builder is having a marketable title of the land, the builder must have constructed the building on such land which must be free from all encumbrances. This will avoid you from all hassles in future.
b. To ensure credibility of the builder, check since how many years the builder is in business of buy property in India.
c. Ask the developer whether any kind of after sales service will also be provided?
d. Whether the builder has completed his past projects in time or not and what has been the quality of those projects? Or if you face any problem about the house after making help full payment whether the developer will you in that eventuality.
e. Enquire about the reputation of builder from financial institutions, brokers, friends and his present customers.

v LOCATION : WHAT IS IN THE VICINITY

1. Before finalization of deal of the house, check its location. Ensure whether the public conveniences (like railway station, bus stop, and hospital etc.) are at the same distance as claimed by the builder.
2. It is better if the hospital, school, market and temple etc. are at a walking distance from the house. If the same are at a little distance, then what are the sources to reach them?
3. Ensure your house is not located in a polluted area.If an industrial or slum area is nearby, then it is sure that level of pollution will be high there.
4. Along with location, infrastructure is also an important factor. Do not be impressed only by location, but ensure electricity and water supply, sanitation and drainage are also proper.
5. You can also assess the future development based on the latest trend of market.. Possibly, the cost of your property may increase several folds.
v AMENITIES : HOW ENJOYABLE ARE SAME.

a) A building is fitted with various luxury facilities and to inspect same depends upon as to how much you are fond of their usage.
b) If swimming pool and health club is a part of your life, then ensure before finalization of deal that the same are available or not.
c) To day each and every developer claims to provide better facilities over the other, but don’t believe in their claims and check availability at the time of taking possession.
d) Enquire, what facilities are being provided for marketing. garden and sports.

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