How to buy/select a new house/flat in india

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After food and clothing, living in one’s own house is the dream of every common man. After coming to know of various people getting cheated one has so many misgivings about buying a house or flat. You will be confused as to how to buy a house or flat without being cheated. You can successfully accomplish it by following a few guidelines.

Steps

1

Please make sure you check the following before making the purchase

Track record of the builder. Approved master plan. Sanctioned building/floor plan

Details of carpet, area, built up area & super built area

2

Clear land ownership

Design and Vastu (if you have belief) and other ameneties offered.

3

Terms of the agreement allotment with respect to:-

  1. forfeiture
  2. handing over possession and remedies in case of delay
  3. composition of the total cost
  4. provision of cost escalation
4

Provision of services: Electricity/Water/sewerage/drainage/roads/parking etc

  1. Maintenance charges
  2. Completion schedule and possession date
  3. Post construction warranties
  4. Grievance redressal mechanism

take care to verify whether the builder has provided fire safety system which is mandatory for multi stories complexes

5

Also check whether the builder is offering extra services viz  security service, maintenance of the building and generator by collecting extra money at the time of purchase.It is more convenient if such service is offered.

Tips

  • Verify with the neighbors and flat owners, whether they had any difficulty while buying or later.
  • Inspect some of the other projects of the builder for quality, workmanship etc.
  • Compare the quality of work of 2 or 3 other builders in the area of your choice.
  • Consumers can also call
  • National consumer helpline No. (1800-11-4000) toll free
  • (from BSNL/MTNL lines)
  • 011-27662955,56,57,58 (Normal call charges apply)
  • (9-30 am to 5-30 pm – Monday to Saturday)

Caution

Do not get carried away by the glib talk of broker or gift offers of builders.

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