Buying residential real estate is a pivotal decision and one that is usually made after a lot of careful deliberation. For most individuals, buying their own home is often more than just an investment, it is a dream come true. This makes it extremely important to do your homework before you take a decision, to avoid losing your hard-earned money.
The novice investor especially finds it difficult to avoid being drawn in by glossy brochures and advertising and look beyond. There are, however, guidelines that you can follow to select the best builders in the real estate sector in India. These guidelines can help avoid falling into the trap of unscrupulous individuals and being cheated of money and peace of mind.
The first and most important step is to find a builder who perfectly suits your preferences, needs, desires, and wants. There are developers who have a reputation for constructing only elite, luxury projects while others specialize in affordable housing solutions. Do your homework and study the builders developing projects in your area of choice and decide which one suits you.
You have to check if the development project has the requisite legal approvals and is listed with the regulatory authorities. The RERA website of your state will provide you with a list of approved projects, which can be referred to. Make a study of the builder’s rating online to get an idea of its stability and how trustworthy it is.
Do an online check of the builder, read reviews and comments from investors to get an idea of the credibility. Visit some prior residential projects of the builder you are considering and if possible, speak to residents of the projects. This will give you a fair idea of the quality of construction and the trustworthiness of the real estate developer.
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