This story is from September 12, 2017

Buying a home? Here's how to check builder reputation

Owing a house is the most expensive investment that we make in our life. Therefore, one should pick a project with the greatest care, keeping in mind all the factors that makes it a valuable and livable asset.
Buying a home? Here's how to check builder reputation
Owing a house is the most expensive investment that we make in our life. Therefore, one should pick a project with the greatest care, keeping in mind all the factors that makes it a valuable and livable asset.

One of the most important factor to check before buying a property is the reputation and reliability of the developer of the project. The buyer should conduct due diligence of the developer with respect to his credibility in the market and strong financial position to deliver the project on time.
Buyers should make a detailed verification of the developer like checking to see if he has the necessary approvals, past performance, and feedback on the projects delivered in the past.

You should ask for all documents relating to project approvals like title deed, encumbrance, land use, fire approvals, etc.
Additionally, you should also ask for a detailed blueprint from the developer including cost related to first transfer, extra car parking, etc., in order to ensure that all the commitments are met at the time of possession.
One of the most important aspects to check while buying a property is the builder's construction experience. More often than not, every builder has a list of completed, current, and forthcoming projects.

This will help you get an idea about the number and type of projects that have been developed by the builder. Experienced builders generally have clearly laid-out processes, from project approvals to the actual construction.
You can ask for structural stability certificate, issued by the structural engineer, to be sure that the building has been built according to the projected load.
Test reports are also a good indicator to understand the strengths of the materials used.
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