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Checklist For Buying Under Construction Property

Having your own home is not as easy as it sounds. Most buyers invest their life's savings to have their own house. Verifying the builders and developers background is very important to avoid any kind of fraud or low quality work. Hereu2019s what you must keep in mind while buying an under-construction property. Though the government is bringing in RERA, which will infuse transparency into the entire process, a home buyer must also indulge in due diligence to ensure a hassle-free buy.

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Checklist For Buying Under Construction Property

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  1. GOEL GANGA DEVELOPMENTS checklist for Under construction property CHECK THE BUILDER’S TRACK RECORD Analysehowmanyyearsofexperiencethe developerhas, whatprojectsthegrouphasbuilt, whetherdeliveryhasbeenontime, etc. ENSURE ALL DOCUMENTS ARE IN PLACE Ensurealltherequireddocuments, approvals, andpermissionsareinplace. Checkiftheland hasenvironmentalclearanceandisanon- agriculturaloneinordertoavoidlegalhassles. DOES IT HAVE APPROVAL FROM BANKS? Ifaprojectdoesn’thaveapprovalfrombanks, thenthereisagoodchancethattheproject mightgetstalledordelayed. Notjustthat, even procuringahomeloanmightbecomean arduoustaskforyou. MAKE SURE THERE AREN’T HIDDEN COSTS Itisimperativethatyouverifythefinalcost, with allthetaxes, andensurethatthereareno hiddenoradditionalcosts. HTTPS://GOELGANGADEVELOPMENTS.COM/

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