For many buyers of residential property, especially for those looking for a home of their own, one of the considerations that comes up is whether to invest in a project with ready to move in homes or an under-construction one. There are pros and cons to both kinds of projects but one of the chief reasons that more and more people are opting for under-construction property is the lower cost of purchase as compared to ready-to-move-in homes. If you are one of those who intend to invest in an under-construction property, here are a few points to keep in mind:
1.The very first thing to do is to is to investigate the title of the land. The developer must have clear ownership of the land and must have the necessary paperwork to show the same. The potential buyers for flats must ask the developer to furnish these papers when seeking to buy flats for sale in Zirakpur.
2.During the process of the construction, the buyer must ask for periodic updates from the builder and developer on the progress made and must also physically visit the site to verify for themselves the state of the progress to ensure that the developer is working as per the schedule.
3.When the buyer pays the booking amount, which can be paid without getting into a registered agreement for sale with the procurement of just a receipt of payment, the buyer must also get the allotment letter from the builder and developer which will mention the exact details of the property being purchased along with the entire consideration amount payable.
4.When entering into a registered agreement with the developer when buying an apartment, the buyer also needs to ensure that the builder has all the necessary approvals including the commencement certificate for the property.
5.If the buyer intends to avail a loan to invest in the under construction project for apartments, one must find out whether the project has been approved by banks and all the necessary formalities required by the banks have been duly completed by the developer.
Own your dream home at one of the most sought after upcoming residential projects in Zirakpur. The Exotic Grandeur offers exclusive penthouses and 4/5 BHK flats for sale in Zirakpur VIP Road with rich interior specifications world class amenities and high quality construction with a design meant for utmost luxury and independent living in a project located just three kilometres from Chandigarh.
1.The very first thing to do is to is to investigate the title of the land. The developer must have clear ownership of the land and must have the necessary paperwork to show the same. The potential buyers for flats must ask the developer to furnish these papers when seeking to buy flats for sale in Zirakpur.
2.During the process of the construction, the buyer must ask for periodic updates from the builder and developer on the progress made and must also physically visit the site to verify for themselves the state of the progress to ensure that the developer is working as per the schedule.
4.When entering into a registered agreement with the developer when buying an apartment, the buyer also needs to ensure that the builder has all the necessary approvals including the commencement certificate for the property.
5.If the buyer intends to avail a loan to invest in the under construction project for apartments, one must find out whether the project has been approved by banks and all the necessary formalities required by the banks have been duly completed by the developer.
Own your dream home at one of the most sought after upcoming residential projects in Zirakpur. The Exotic Grandeur offers exclusive penthouses and 4/5 BHK flats for sale in Zirakpur VIP Road with rich interior specifications world class amenities and high quality construction with a design meant for utmost luxury and independent living in a project located just three kilometres from Chandigarh.
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