Under Construction Homes-Cheaper, But Risky!

For home buyers, the wait to get over the possession continues. For instance, home buyers who booked a flat way back in 2009, was assured that the project will be ready by 2011, which was further postponed to deliver by 2012 and now again has been delayed till 2013.

Many a time, developers do not deliver what they promise initially. False promises have become a known complaint that customers come up against developers.

Concluding:

The real estate industry has no such restriction for developers, which is why you need to verify developer’s credentials to avoid risk in future.  When investing in property, is it necessary to check the background details of the developers to avoid risk. Although all new developers may not fall on the list of dubious developers yet, many home buyers get trapped to dishonest investment deals.

Furthermore, to minimize risk, ensure that you are paying the actual price for the property you have finalized. You can also seek help from professionals for property valuation.