Looking to buy a property? Deal only with a developer of repute

Deal only with a developer of repute

India’s economy is on a positive traction; people across the country are now confident about investing in residential properties. Buying a home is a huge investment, and one dare not leave any margin for error. Yet, things can and often do go wrong.
Home buyers must take utmost care that they do business only with developers whose credibility in the market is time-honoured. Dealing exclusively with reputed real estate builders is the first line of defence against getting cheated out of one’s money and being assured of buying a quality product.
What distinguishes reliable developers from the ones constantly ramming projects in the market? The defining factors have been listed here and we hope these can assist you in procuring the best home for yourself.

Ensuring that all legal sanctions for the project are in place: Every residential and commercial property must get an array of permissions from various local and government bodies before & after construction. All instances of illegal structures you read of are by unscrupulous or inexperienced builders who do not care to get their projects approved by the book or did not obtain permissions that legally sanctify the project.
Reputed developers, on the other hand, ensure that their projects have all the certificates and permissions required by the local authorities as their reputation is at stake and they do not take such matters lightly.

2. time-bound project delivery: Developers mostly offer their projects for sale before it has actually been completed. On purchasing an under -construction property, the buyer is assured of a certain time-frame in which possession will be given. Reliable developers do not push the possession timeline beyond a rational limit because they are adequately funded and cannot afford any jeopardy to their credibility. Irrationally delayed project completions involve new, budget strung , struggling builders. While reputed developers always stick to the schedule, neophytes will often miss deadlines.

3. Nil defect construction: Credibility is the key to the brand recognition for reputed developers. For them, it is the primary differentiator in the market. They ensure homes minus construction defects like compromise on electrical fittings/wiring, bad drainage or faulty plumbing, water seepage, etc. Quality construction also includes the right size and shape of rooms that are in sync with the overall project design.

4. Structural reliability: A well-known developer will always have a quality control mechanism during construction of every building. Qualified engineers check and monitor every aspect of the construction process including soil compactness, cement / sand ratio, slump testing, drainage engineering and earthquake resistance of the structure minimising construction-related defects in the future. Buyers can rest assured of a structurally robust construction.

5. Ample Amenities: It takes more than just four walls to make a home. Recognised developers strive to provide facilities like parking spaces; adequate security, internal access roads, and kids play area, clubhouses and aesthetically landscaped open spaces in their projects. While reputable builders endeavour to offer a good lifestyle to their customers, fly-by-night developers will look to provide only the bare minimum requisites in order to keep their prices as low as possible to attract non-discerning buyers.

A home in a project by a credible developer will cost more than the threadbare offerings of anonymous local builders but it is always worth it. Patronizing inexperienced developers will only save you a bit on the cost; but the price one pays later, is actually much bigger than the one in the agreement.
You can save yourself the emotional cost that would emerge from construction legalities, spurious engineering quality & lack of security which can arise in future with local developers’ projects. In cases of outright illegal buildings one may even have to bear a total financial loss. Additional amount paid to a trustworthy developer is an investment you make into security, peace of mind and a superior-quality lifestyle for your family.