Buying a flat or apartment of your own is one of the biggest milestones in life, especially if you are buying one in Mumbai with its skyrocketing real estate prices. Needless to say, you should make every possible measure to ensure that the whole process is smooth and rewarding. In this post, we have listed five important things that you should check in Builders in Mumbai before investing in their project.
Mumbai is one of the most expensive cities not just in India but throughout the world. Needless to say, the real estate prices in the city effortlessly keep up with its “most expensive” reputation. Buying a flat or apartment of your own in Mumbai is surely one of the biggest achievements of life and one should take every possible measure to ensure that they only buy the property from a reputed builder.
If you are looking for a residential property in Mumbai, make sure that you do check the five important things mentioned below in the developer.
- Experience and reputation
The first thing that you should check is the experience and reputation of the builder. Good Builders in Mumbai usually have extensive experience in the industry and have a list of ongoing, upcoming and completed projects. You can check the website of the builder to know more about their experience and reputation in the industry.
- Project quality
Reputed builders have a streamlined quality process, and many of them are even ISO certified which signifies their adherence to the best practices in the industry. To know more about the quality of projects, you can visit the projects already completed by the developer.
- Track record of possession
While delays are very common in real estate projects in Mumbai, good builders usually try their very best to finish the project as per the schedule. You can cross-check the delivery track record of the builder for the completed and ongoing projects via the official website and other online forums.
Your builder should be very transparent with all the dealings and should readily offer detailed information about the project status and cost. The builder should also have a dedicated customer support department to help the buyers with their queries.
- Title status
Once you have confirmed the experience and reputation of the builder, the next step is to check the title status. You need to make sure that the property is free from any legal hassles and the title status will help you know that. The builder should have purchased the land directly from the landowner. If the project is complete, ask for Disapproval Intimation and Commencement Certificate and if the construction is ongoing, ask for project plan and drawing approvals.
Rather than relying on the flashy advertisements and offers, make sure that you check the things mentioned above in the builder to ensure that you only invest in a project by a reputed and lawful builder.