Buying a home for the first time can be exciting but quite daunting as well. There are several properties in Bangalore but which is the right one for you? To know the answer to that, there are some questions that you must ask the builder before you narrow down your choices. To know what they are, read on!
Ask for the title deed
Always ask for the title deed as it is an important document that records the ownership of the land. This document helps in not just establishing ownership but also to legally sell, rent and borrow over the property.
How is he going to ensure the quality of the construction?
Find out the quality of materials that will be used for your tiles and fittings to get an idea about the quality.
Enquire about the builder’s past projects
Find out for how long the builder has been in the business. Ask him about the previous properties in Bangalore that he has constructed.
This will give you an idea about the delivery timelines, quality, maintenance, adherence to norms etc. If there has been a delay in the delivery, ascertain the reason behind the delay.
How is the price of the location going to appreciate in the future?
Any property in Bangalore can always be improved upon through several methods like renovation or landscaping but the one thing that you cannot change is the location. This is why location is very important when it comes to real-estate investment. You will have to verify not just the amenities that are present but also about the ones that are in the pipeline if you want good returns in the future.
Ask for a copy of the building plan
The builder may say that it is the best apartments in electronic city but without an approved building plan, you will be landing yourself in trouble if you were to purchase it. An approved building plan is important as any construction without prior approvals is illegal and subject to demolition.
Is the project RERA Approved?
Though the Real Estate Act has made it mandatory for all commercial and residential real estate projects containing land over 500sqm to register with the RERA, you will still find some unscrupulous builders refusing to do so. By choosing a RERA approved project in Bangalore or anywhere, you can be assured of timely delivery and enhanced transparency between you and the developer.
Copies of legal documents
Ask for a copy of an occupancy certificate, encumbrance certificate, Khata certificate and NOC’s that must be procured from various departments like Pollution Board, Environment Department, Sewage Board, Traffic Department, etc. The encumbrance certificate would ensure that the property is free from all encumbrances and loans while the O.C would assure that the construction of the building has been done as per the sanctioned plan and is ready to be occupied. Book your visit for the Mahendra Aarna.