3. Unit Purchase from Builder
1. Location of the flat :
Whether it is convenient to whole family and ensure that it is easily accessible and located in a safe neighborhood. You should also check for the availability of basic amenities such as water, electricity, and sewage facilities.2. Legal documentation :
Before buying the flat, it is essential to verify the legal documents related to the property. This includes :1. RERA Number, 2. Search Report, 3. Commencement Certificate, 4. N.A. Order, 5. Building plan approvals, 6. Encumbrance Certificates, and other related documents.3. Financing options :
Confirm that in which banks or financial institutes the Builder’s Project has been approved and get its Approved Project Finance i.e. APF Number, which makes your work easy and less time consuming process to get the loan if willing to raise the loan.4. Inspection of the flat :
It is important to inspect the flat thoroughly before buying it. This includes checking the quality of construction, fittings, fixtures, and other amenities.5. Agreement terms :
You should carefully read and understand the terms and conditions of the agreement before signing it. It is also advisable to seek legal advice to ensure that the agreement is fair and transparent.6. Reputation of the builder :
It is important to ensure that the builder has a good reputation in the market and has delivered projects on time with all promised amenities. This can be verified by checking their track record and reading reviews from previous buyers through his history mentioned under Real Estate Regulatory Authority i.e. RERA Projects.
