Always Check Builder’s Record

One should not fall for everything which is claimed in the brochure rather it is always advised to do some facts checking if one is planning to invest the hard earned money in the real estate. Here are some points that one should always check about the builder before investing the hard earned money in the real estate:

- Past record and performance: It might be very good if one chooses an experienced builder rather than going for a new builder and by this way one can be sure about his/her knowledge in terms of execution of projects. It is probably not the best idea to invest in the project if there is no transparency from the builder’s side. The self regulatory bodies such as Builder’s Association of India and Confederation of Real Estate Developers Association of India have some regulations for the builders and any kind of deviation leads to the blacklisting of the builders from the association.

- Quality accreditation and certification: One must always check that whether the builder is certified under ISO or some other protocols and these certifications are based on some factors which includes quality assurance, customer satisfaction, etc and these accreditations as well as certifications are provided to those builders which do not compromises on the timelines, the quality of the construction material, etc.

Financial status: Financial health provides clarity about the builder whether he/she has faced any type of

crunch in completing the pat projects which also indicates its standing in the real estate sector. The

builder is not the best one to select if there has been any case of funding issue which can also help the

customer in identifying the weaknesses, in assessing the overall credibility and in making the final

decision. One can find the details very easily regarding the financial health of the company or the builder

or the brand on their website and assess whether the builder would be able to the project’s deadline.