Quick Guide on How to Buy a 'Safe' House - Page 2

Quick Guide on How to Buy a 'Safe' House

By siliconindia   |   Tuesday, October 30, 2012   |    1 Comments

Check on developer’s background and experience

Nowadays, home buyers seek luxury living to boost lifestyle. Choose big banner or reputed builder to avoid quality issues. The primary focus of big developers is the quality of construction. To retain reputation in this competitive market, reputed developers deliver finest quality throughout the construction process.

 "If one is considering buying into a project by a well-known builder, it makes sense to inspect units in older projects by the same name, preferably those that are five to seven years old. The condition of these will throw light on how important construction quality is to the builder in question,” according to Om Ahuja, CEO, Residential Services, Jones Lang LaSalle India.

Go for a star-rated project

To buy a safe apartment, you can also seek star-rated projects. In such projects, a real estate project rating division rates the new residential project based on developer, legal, financial, innovation quality and quality of construction.  This rating system is not only depends on the aforementioned details but also checks on construction technology, quality of materials used, land title clearance, other approvals of the government and so on.

But, star-rated project comes with a big price tag compared to regular residential projects. Nevertheless, to invest in such property is a value for money and it may fetch good resale value on your investment over the time.

Also Read: Property Rates in Lutyens' Delhi Zooming High

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