Saturday, December 31, 2011

How to check the authenticity of the real estate developer?

If you are planning to buy a home in India, do check the authenticity of the builder or developer. Read the article and gather tips of buying a property.
Do request the builder or developer to supply you with the following detail before finalizing on the project.
• Legal papers about the ownership of the land. Do check thoroughly if the land has more than single owner. If you have any doubt about any information, do consult a property specialist lawyer and get the documents checked by him.
• Check at the local police station, if there is any case against the particular builder or is he into some land related dispute.
• Next request for the construction clearance papers and for the approved plan of the building. Get it checked and verified at the local government office.
• You can also ask the builder about the bank which has provided the loan and can contact the respective bank later to find out about the financial status of the project.
• Also speak to other client’s about the performance and service in regards to maintenance and quality construction.
You must go for a thorough scrutiny so that you may not fall into some land or property oriented dispute after you have spend your hard earned money.

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