The real estate sector is growing at a very fast pace. As a result, many developers in the market are coming up with new projects. In such a scenario if you want to buy flats in Pune, it becomes important that you choose the right builder or developer. This is crucial because this decision will affect, the property decisions you make choosing the right developer goes a a long way in acquiring a property that will provide a good home for your family and an asset for your investment.
Let us look at important points while choosing the builder for your new property:
1. Reputation
We all know that there are many builders and developers in Pune with a brand name. Others might not have an established brand name. You must check the track record and the reputation of the builder in the market, which will give you the right picture if the builder will do justice to your investment. By asking people from the real estate industry about the builder you will come to know if they can be trusted or not even if you are buying 1 BHK flats in Chakan, Pune.
2. Past performance
It is important to do a thorough research of the builders before you start listing properties. One of the best ways to know if the builder is good or not is to check the previous work. By seeing the quality of construction, knowing the time taken for delivery, and after-sales service, you may be able to judge if the developer is good or not. Depending on these factors, you can shortlist a few developers. It is not necessary for developers who have a big brand to be good. Some developers who don’t have a very big brand are also capable of delivering good projects and have a track record of doing so.
3. Certifications and awards
The real estate industry has many certifications and awards that are given out to builders who have successfully demonstrated their capabilities and integrity. It is easy to find out the winners of these certificates and awards and know which builders are good at what they do. This will also prove their capability of finishing the projects on time and delivering them as promised. By visiting these projects physically, you will have a good idea of the construction quality, the architecture, and the design aesthetics that the builders use. You will be able to gauge if these are as per your taste and requirements.
4. Loan approvals by nationalized banks
Banks are a good way of picking up trustworthy builders. They get into tie-ups with builders only after a comprehensive vetting procedure. Bank with builders only if they have a proven track record of delivering quality projects as per timelines. This is because banks have significant investments in real estate projects by the builders, and they do not wish to bear losses. Only reputed flats in Chakan have tie-ups with reputed banks.