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Below is the points you should consider before doing the shopping of your lifetime for a dream home:
1) First ask yourself if you buying for investment or living in that home. REASON:this is first decision you shud make before going for buying a house. 2) TRY TO INVEST IN THE SMALLER PROJECT WHERE AROUND 3-4 TOWERS EXISTS. Reason:Chances of completion is good. Sharing of common facilites will be distributed in small number of ppls like Swimming pool,life,club etc.. 3)Try to buy a near completion house if your pocket allows other wise go for semi constructed house where some construction already began. Reason:It shows the builder has some clearence. 4)Always ask the builder all the approvals from NOIDA AUTHORITY and other govt agencies. Here you have to make sure your tower is approved or not also your floor is approved or not. Reason:Completion chances are good. 5)Check the banks who are financing this project. Reason:Bank only finance those project which are safe. 6) Make sure you get the aggrement draft copy. Reason:To understand the builders agreement clauses. 7) Try to buy house in developed sectors. Reason:chances of completion is good as the availibilty of sewer line/water line/electricity line in that area. 8) Dont get lured by things like golf course etc. Reason:These are just to tempt the customer. 9)Always bargain with the builder/agent again and again. Reason:If you can bargain with aaloo pyaaj, why not with flat. its our right. 10)Always check the history of the builder and its reliability. Reason:to make sure your money going in right hands. |
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#2 |
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Join Date: Oct 2009
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I will say check for PSU bank approvals.Normally if PSU banks are approving a project then its normally safe,bcoz they their process might be slow but they do full proof verification.
Which is not the case in private banks. |
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