Real Estate of India is again ready to touch the summit, investors and home buyers from every corner are convinced about buying residential property. Obviously buying a residential property is a lifetime investment for some people, and for that reason not a bit where there can be any scope for mistake – and yet, things can and repeatedly do go wrong.
Generally many first time home buyers make common but blunder mistake is dealing with builder who have lack of reorganization. Thinking about investment with the builder with excellent track record is the first step of safe investments, and being confident about buying a quality home.
There are many factors to establish builder reputation:-
1. Legal Sanctity of The Project
Every development in real estate must have some permission from legal authorities. Reputed builder will make sure that their developments have all the documentations and authorizations required by the State and Center Government.
Mostly every cases of illegal construction that we read everyday in the newspaper have one thing in common – these developments are by crooked or fake developer who always did not think about to get their venture completely sanctioned, or did not obtain all such authorizations and permissions that they need to get.
But reputed builders always obtain every required authorization from the authorities. For example KPDK Buildtech Pvt. LTD new mixed use project New Town Square and Best Western Townsuites have every necessary approvals for these developments.
2. Timely Completion
As we know, Real Estate Developers collect big part of the total amount before it has actually been completed. With investing in under construction development, the investors is confident about possession on time and any reputed builder will not move ahead the delivery date, firstly because they are sufficiently financed and secondly because they will not want to lose their trust and name within their investors. Mostly every case of unreasonable delayed developments are by, under-capitalized and often new developer. Any big and reputed builder can and will always present delivery on time.
3. Excellent Quality Homes
For any reputed builders, excellent quality is most important to identity as a brand – it is their most important winning plus point in the competitive market. Construction defects like low class raw material, unplanned fittings for wiring and plumbing, water leakage and bad drainage, etc. Excellently planned size & shape of every units and overall development design are also comes under quality of the homes.
4. Adequate Amenities
A home is not just a construction of walls and roof, it is a dream for many people and a reputed developer is aware of it, and will constantly endeavor to present a high-quality standard of living to their clients with facilities and services like adequate parking space, smart security features, well maintained roads, green landscapes, clubhouse with gym and recreational facilities and lots more.
Unreliable builders will always be dependent on alternatives of luxury facilities with the purpose of keeping their costs as low as possible, because their major aim is to be a magnet for affordable home buyers who do not look ahead of their budget limits.
So it is very clear that a development from a trustworthy & reliable developer will be costly than the cheap development of unidentified developer, but in the near future it will give you excellent return with low maintenance cost. If individual prefers to support local, inexperienced builders, the only selfishness will lie in the cost – but after sometime this affordability pays is actually much costlier for investors as well as home seekers.
Crisis associated with authorization of construction, false planning and bad engineering work can bring heavy loss and in the case of entire illegal construction even a total loss of your hard earned money. Extra price paid to an honest, trustworthy and branded developer is a deal one makes into safety measures, self-possession and a choice environment for your loved once.
