No doubt the Indian economy is again in to a sure footing with lot of hopes for the real estate. The buyer’s confidence is up again with the home buyer’s sentiments steadily rising. The spree for purchase of property is up again with the sales rising and many developers across the country are reducing the prices too. In this situation one has to be cautious as buying a home is a life time affair and one can’t afford to do errors which can affect one’s whole life.
In this context one common mistake that many of the home buyers do is doing business with the developers and builders who lack a proven record and established credentials. Buying the homes from a reputed developer can go a long way in defending oneself from the apparent problems. Here in this discussion we have attempted to collate the points that would differentiate the reputed builders from the unreliable ones. Below are the characteristics of a reputed builder whom you can rely upon.
In this context one common mistake that many of the home buyers do is doing business with the developers and builders who lack a proven record and established credentials. Buying the homes from a reputed developer can go a long way in defending oneself from the apparent problems. Here in this discussion we have attempted to collate the points that would differentiate the reputed builders from the unreliable ones. Below are the characteristics of a reputed builder whom you can rely upon.
Completion of the projects in time
In cases where the developers sell the under construction projects the buyer is given the assurance that within a certain time frame the project will be completed and will be given for possession.
In case of a reputed developer he will not postpone the timeline for possession beyond a rational limit. The reason is that they have strong financial backings and the second reason which is most important is they won’t put their reputation at stake. The trend watchers remark that most of the developers who delay the projects are new builders who are under-capitalized and the ones struggling for capital and funding.
Legality of the project
The reputed builders always ensure that the variety of permissions needed for construction from the government and local bodies are obtained well in advance. In this matter as well their reputation is badly at stake if the projects are not legally sanctioned and thus there is no way that they would take such matters lightly.
The homes are of Zero-defects
The reputed developers do not keep any room open for their credibility to suffer which can take a toll on their brand recognition. For this reason there is no way a reputed developer would offer you a home with defects or electrical or plumbing defects. These developers also ensure that the building construction is done according to the proposed plans
Adequate Amenities
One of the striking features of the reputed developers is to offer something more than just the four walls and they will thus strive to offer you a rich lifestyle rather than just the building. Thus facilities like proper parking spaces, sufficient security, internal roads for easy accessibility, club houses, gymnasiums, landscapes, open gardens, etc. will be a part of the offer.
The upstart developers(start up developers) on the contrary would rather keep these facilities to the barest minimum in order to keep their prices low. The aim of the fly-by-night developers is to get the budget strung buyers who are tied up due to financial constraints.
The structural integrity of the projects
For the reputed developers quality is the most important thing in their deliverable to the customers as their brand image is synonymous with the quality provided. The reputed builders check the soil compactness with a thorough soil test, would use a proper cement and sand mixture, drainage engineering, slump testing and the earthquake resistance of the buildings constructed. They always try to ensure that the buyers are never dissatisfied with their products and the buildings do not suffer from construction related defects even in the distant future.
This is also a fact that a home from a reputable builder will cost you more than a home built by fly-by-night builder who builds at minimum costs just to keep the prices low. The advantage over the smaller and inexperienced builders is that these builders offer you low prices. But the price one has to pay is in reality much bigger than what is stated in the initial agreement.
The reason is that if there is any snag in quality with spurious materials and engineering quality it can result in massive costs in the future including a formidable life risk. Thus the price paid to the developer of repute with a proven past credential is worth it from all angles.
The upstart developers(start up developers) on the contrary would rather keep these facilities to the barest minimum in order to keep their prices low. The aim of the fly-by-night developers is to get the budget strung buyers who are tied up due to financial constraints.
The structural integrity of the projects
For the reputed developers quality is the most important thing in their deliverable to the customers as their brand image is synonymous with the quality provided. The reputed builders check the soil compactness with a thorough soil test, would use a proper cement and sand mixture, drainage engineering, slump testing and the earthquake resistance of the buildings constructed. They always try to ensure that the buyers are never dissatisfied with their products and the buildings do not suffer from construction related defects even in the distant future.
This is also a fact that a home from a reputable builder will cost you more than a home built by fly-by-night builder who builds at minimum costs just to keep the prices low. The advantage over the smaller and inexperienced builders is that these builders offer you low prices. But the price one has to pay is in reality much bigger than what is stated in the initial agreement.
The reason is that if there is any snag in quality with spurious materials and engineering quality it can result in massive costs in the future including a formidable life risk. Thus the price paid to the developer of repute with a proven past credential is worth it from all angles.
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