Tips for real estate developer's credential verification.. - Site Owners Forums

anu006 · 06-25-2015, 10:33 AM

While buying a house, the biggest hurdle is checking the builder 's credentials.In the present market, not many developers have a record of delivering projects on time and fulfilling their promises.Even big developers are struggling to fi nish work on time. The situation is bad, especially in the Delhi National Capital Region(NCR) and the Mumbai Metropolitan Region (MMR), where the percentage of projects on schedule is 20 per cent and 15 per cent, respectively.While builders give a whole long list of reasons for these delays, in the end the burden is borne by buyers. So, it's up to them to do due diligence before buying. Following are some points to be remembered,

• COMPARE PAST RECORD WITH COMMITMENTS
• COLLECT INFORMATION ABOUT DEVELOPER'S FINANCIAL HEALTH
• DEVELOPER RATING
• CHECK IF BANKS ARE GIVING LOAN OR NOT
• VISIT PAST PROJECTS
• READ FINE PRINT OF THE CONTRACT CAREFULLY

06-25-2015, 10:33 AM	#1
anu006 Registered User Join Date: Jun 2015 Posts: 25	Tips for real estate developer's credential verification.. While buying a house, the biggest hurdle is checking the builder 's credentials.In the present market, not many developers have a record of delivering projects on time and fulfilling their promises.Even big developers are struggling to fi nish work on time. The situation is bad, especially in the Delhi National Capital Region(NCR) and the Mumbai Metropolitan Region (MMR), where the percentage of projects on schedule is 20 per cent and 15 per cent, respectively.While builders give a whole long list of reasons for these delays, in the end the burden is borne by buyers. So, it's up to them to do due diligence before buying. Following are some points to be remembered, • COMPARE PAST RECORD WITH COMMITMENTS • COLLECT INFORMATION ABOUT DEVELOPER'S FINANCIAL HEALTH • DEVELOPER RATING • CHECK IF BANKS ARE GIVING LOAN OR NOT • VISIT PAST PROJECTS • READ FINE PRINT OF THE CONTRACT CAREFULLY __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Last edited by anu006; 06-25-2015 at 02:57 PM..

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode	Rate This Thread:

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Suggestion for real estate developers in Mumbai?	anu006	Introduction Area	43	05-11-2022 11:20 PM
Real Estate Broker	skwmk2012	The Market	58	02-03-2017 06:23 AM
Tips to Real Estate Agent's Success	skwmk2012	General Discussion	59	07-26-2016 05:52 AM
Types of Real Estate Properties	skwmk2012	General Discussion	84	03-03-2016 04:38 AM
The Basic idea and tips online real estate training and classes San Jose, California	quicklearning	General Discussion	7	07-08-2015 09:07 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)