Uploaded 2 years ago

   

Verifying/validating a builder’s property in Chennai – 18 points Checklist. Whether you are buying an apartment for the first time or buying to add to your investment portfolio, you need to be aware of which builder you are approaching. Though you can find all data about a builder with the tap of a button from your mobile, it is ideal to consider validating some of the significant 18 points mentioned below to buy an apartment in Chennai seamlessly. Isha Homes is one of the credible and best house builders in Chennai. Location Advantages When searching for an apartment, it is important to consider its location’s key advantages and disadvantages. You should check which municipality it falls under and the government’s planned projects for that area. It is also important to think about how the location would be from a residential perspective, including factors such as access to green space and water supply. Another thing to remember is how accessible the location is from other parts of the city or state. Connectivity When considering purchasing a flat, it is important to consider the resale value and rental potential. If you plan on selling the property in the future, you will want to ensure that it is in a good location & better connectivity to get a higher capital appreciation. By predicting how much your property value will increase in the future, you can make a more informed decision about whether or not to buy the flat. Future Potential When we purchase a property, we generally think we will live there for at least a few decades. However, unforeseen circumstances can arise that mean we have to move to a new location much sooner than expected. If you find yourself in this situation and realise that the property you bought is not suitable for someone else, it can be complicated. Therefore, it is crucial to consider the resale potential of any property you purchase. Will it appeal to other buyers? This is something you should think about before making a purchase.When considering purchasing an under-construction property, it is essential to research the future development plans for the surrounding area. This includes road and infrastructure development, proposed malls and other amenities that might be coming up in the next 4-6 years. If the location is not correctly connected to the main city, there might also be future plans for this. Knowing this information can help you make a more informed decision about whether or not to purchase an under-construction property. We Isha Homes, one of Chennai’s famous builders, consider future potentials before initiating a project. Water resources Whenever you are choosing an apartment or an individual home to live in, you should inspect the availability of groundwater in that place and how the quality of water has been for years. In this case, you need to check with the builder and ask them for the report on the same. If your builder is proactive in providing you with the data, then it is a good sign that the builder is credible. To be on a safer side, prefer a location that is abundant in groundwater. Builder’s Reputation When considering purchasing a home, one of the most important factors is the reputation of the builders/developer who would construct the property. This is especially crucial when buying an under-construction home, as you need to be confident that the developer will deliver a high-quality product within the agreed-upon timeframe. Checking the builder’s past performance and track record will give you an indication of whether they have been able to complete projects on time in the past. To minimise your time, you can wind up your research process and opt for Isha Homes to find Chennai’s best builders. Title of the property It is essential for buyers to notice the title of the property and the same has been in the name of builder. In some cases, there would be discrepancies and it will result in issues in the future. Instead of going to a builder who has fancy titles for their projects, it is ideal for buyers to choose the one that has relevance to the project location & specification. Statutory Approval Every builder should have gotten the statutory approval to construct building from appropriate authority viz CMDA, DTCP, LPA etc. Though most builders follow the process and attain the statutory approval, some may not be availing it as they didn’t go by the rules of the government. In this case, everyone must seek the statutory approval document from the builder. Continue Reading on https://www.ishahomes.com/blog/verifying-a-builders-property-in-chennai/

Verifying/validating a builder’s property in Chennai – 18 points Checklist.
Whether you are buying an apartment for the first time or buying to add to your investment portfolio, you need to be aware of which builder you are approaching. Though you can find all data about a builder with the tap of a button from your mobile, it is ideal to consider validating some of the significant 18 points mentioned below to buy an apartment in Chennai seamlessly. Isha Homes is one of the credible and best house builders in Chennai.

Location Advantages
When searching for an apartment, it is important to consider its location’s key advantages and disadvantages. You should check which municipality it falls under and the government’s planned projects for that area. It is also important to think about how the location would be from a residential perspective, including factors such as access to green space and water supply. Another thing to remember is how accessible the location is from other parts of the city or state.

Connectivity
When considering purchasing a flat, it is important to consider the resale value and rental potential. If you plan on selling the property in the future, you will want to ensure that it is in a good location & better connectivity to get a higher capital appreciation. By predicting how much your property value will increase in the future, you can make a more informed decision about whether or not to buy the flat.

Future Potential
When we purchase a property, we generally think we will live there for at least a few decades. However, unforeseen circumstances can arise that mean we have to move to a new location much sooner than expected. If you find yourself in this situation and realise that the property you bought is not suitable for someone else, it can be complicated. Therefore, it is crucial to consider the resale potential of any property you purchase. Will it appeal to other buyers? This is something you should think about before making a purchase.When considering purchasing an under-construction property, it is essential to research the future development plans for the surrounding area. This includes road and infrastructure development, proposed malls and other amenities that might be coming up in the next 4-6 years. If the location is not correctly connected to the main city, there might also be future plans for this. Knowing this information can help you make a more informed decision about whether or not to purchase an under-construction property. We Isha Homes, one of Chennai’s famous builders, consider future potentials before initiating a project.

Water resources
Whenever you are choosing an apartment or an individual home to live in, you should inspect the availability of groundwater in that place and how the quality of water has been for years. In this case, you need to check with the builder and ask them for the report on the same. If your builder is proactive in providing you with the data, then it is a good sign that the builder is credible. To be on a safer side, prefer a location that is abundant in groundwater.

Builder’s Reputation
When considering purchasing a home, one of the most important factors is the reputation of the builders/developer who would construct the property. This is especially crucial when buying an under-construction home, as you need to be confident that the developer will deliver a high-quality product within the agreed-upon timeframe. Checking the builder’s past performance and track record will give you an indication of whether they have been able to complete projects on time in the past. To minimise your time, you can wind up your research process and opt for Isha Homes to find Chennai’s best builders.

Title of the property
It is essential for buyers to notice the title of the property and the same has been in the name of builder. In some cases, there would be discrepancies and it will result in issues in the future. Instead of going to a builder who has fancy titles for their projects, it is ideal for buyers to choose the one that has relevance to the project location & specification.

Statutory Approval
Every builder should have gotten the statutory approval to construct building from appropriate authority viz CMDA, DTCP, LPA etc. Though most builders follow the process and attain the statutory approval, some may not be availing it as they didn’t go by the rules of the government. In this case, everyone must seek the statutory approval document from the builder.

Continue Reading on https://www.ishahomes.com/blog/verifying-a-builders-property-in-chennai/

Scroll to Top