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.

Indian Property Show in London

The Indian Property Show in London was officially launched on the 25th April 2015 on Saturday. The Chief Guest as well as the Brand Ambassador of the show was no other than Bollywood director, producer and actor Arbaaz Khan. This property show was held at the Olympia West Hall London, and it showcased more than 40 real estate brokers and developers. This property show was the perfect platform for the investors from the UK to see the work as well as meet the property developers and market experts from India.

What is the show all about?

In the past few years this show has gained immense popularity among the NRI buyers who are interested in property exhibition apart from providing the best platform for the buyers to meet their Indian real estate developers. According to Mr Khan., he can see the journey of the transformation of the property show and would like to be associated with the show for a long time. He further added that, this show is about highlighting biggest and the greatest properties across India. The show is about increasing the awareness that the Indian real estate and therefore the show concentrates on giving all the insights and even brief analysis of the Indian real estate sector.

According to Mr. Sunil Jaiswal, organisers of the show and representing the Sumansa Exhibitions, in India, about US$1 trillion has been spent to improve the current infrastructure and there has been increased support from the government for the development of the industrial projects. Global investors are looking towards India as a hub in terms of the real estate sector as the urban population is expected to grow and increase in the employment and education will increase the demand for both commercial as well as residential projects.

He further added that the NRIs will have lot of benefits as they take the leverage of weak Indian rupee against the dollars and invest the same in projects which will ensure value and higher returns. The show comprises of one of the most interesting segment called the Property Dhamaka, which is about offering exclusive discounts and deals for the people who are looking for spot booking. This offers also included attractive down payment deals and EMI options. UK NIRs have been given the option of good discounts. This show was able to bring together various properties from Noida, Gurgaon, Delhi, Greater Noida, Navi Mumbai, Chennai, Mumbai, Kolkata, Pune and Bangalore apart from various other cities.

All the visitors at the show were given the opportunity ok seeking legal advice related to the properties they are interested. Free seminars were conducted to give insight on all the details of the properties. Apart from legal advice people were also given the opportunity to seek advice from the Vaastu experts as well. Delegations were conducted by the market experts to highlight the growing potential of the Indian real estate sector and the increasing number of investment opportunities in different cities of the country.