Your Checklist to Choose A Reliable Indian Real Estate Developer
Indian real estate sector has captivated several global investors. In order to speed up the work, several developers are in a hurry and fail to meet the real estate essentials. Here is a checklist on finding a reliable Indian real estate developer to ensure that investors do not invest in a property that isn’t worth investing in.
The population of the nation is growing and thus is the demand of properties to live in. This mushrooming demand has made Indian real estate developers to pull up their socks and meet the rising demand of properties. However, in a recent report by Economic Times, a daily Indian newspaper, real estate builders and developers are in a hurry to complete the real estate projects and are escaping rules. The real estate rules are made for the benefit of the end users, and if these rules are ignored then ultimately it is the end user who suffers.
To ensure that you invest in a reliable and trustworthy real estate project, it is important to do a checklist test on the Indian real estate developer and have a pleasant investing experience. Here is a checklist that would help the investors ensure that they are connecting with only reliable & trustworthy developers and investing in a property that is constructed with wise & transparent conditions.
License of the Developer
You may find thousands of real estate developers selling a promising real estate project. However before you invest in any of such property, make sure that the Indian real estate developer, with whom you are connecting with holds a valid real estate license for developing residential apartments. Here you may give preference to Indian real estate developer who is a member of CREDAI (Confederation of Real Estate Developers’ Associations of India).
Reputation of the Developer
It is must to keep a track record of the past history in terms of construction history of the developer. The easiest way to do this is my researching upon the list of previous projects mentioned on the website of that real estate developer in India. While checking past construction history, do not forget to notice the time-frame factor. It is important that the developer delivers his projects on committed date.
Financial Stability of the Developer
This is one of the most important factors which an investor must look at while investing in a property. When looking at developer do consider his financial stability as well, because if he does not have enough funds then there may be a delay in project delivery, which nobody appreciates.
There Are No Legal Issues
An opinion of a legal advisor can help you escape unwelcomed legal troubles. Before investing in a property, one must look at the occupancy certificate and competition certificate of the real estate developer. You must invest in a project that is free from any legal liability or case.
Give Weightage to Appropriate Price list
To compare prices of real estate projects is important, which in fact everyone is aware of. Still this point is important to be included in the checklist of finding the most suited real estate developer in India. While looking at the price list, you have to make sure that you consider every possible hidden charges and then make your investment decision.
Last but not the least, you have to check whether he matches your requirements or not for making a wiser investment decision. Try not to get swayed by lucrative deals & offers and ensure to take a well-thought of decision.
M3M India Pvt. Ltd.
Paras Twin Towers, Tower B, 6th Floor,
Golf Course Road, Sector 54,
Gurgaon Haryana — 122002
Tel: +91 124 4732000,
Toll Free: 1800 123 3333,
Fax: +91 124 4732010
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