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IS YOUR REAL ESTATE INVESTMENT SAFE? Part 3

In my previous article, I had discussed the various nuances of a Real Estate purchase transaction, especially in an under construction project.  I had discussed the first two dimensions namely the Project and the Developer, in my previous two of the five Article Series. Continuing from where I last left, I shall this time list out few most important parameters that a buyer should evaluate w.r.t the Developer of the project before investing his money in the project.

So, let’s examine Real Estate Property transaction’s Third dimension – The Dwelling Unit (DU) or the Apartment.
  • 1. Is the unit is on Carpet Area that is being sold?
  • 2. If it is a retail unit of a Mall, what are the approximate CAM Charges?
  • 3. What are the features that are being provided like Wooden flooring, Modular kitchen etc?
  • 4. Safety and Security Measures. Sunlight and daylight.
  • 5. Quality of Material and workmanship.
  • 6. If the sales agreement abides by the Model sales agreement from RERA?
  • 7. Measures for Earthquake resistance. Developer’s Enterprise details – whether it is a partnership or proprietorship company, details of registration and picture proofs of promoters.
  • 8.  Neighborhood – what’s the access on class (either businessmen or service), what’s the category (super-rich, rich, middle class etc.) and ethnicity.
  • 9. Five-year maintenance clause.

Col. CVS Sehgal is a Real Estate Coach and a regular blogger #Cvs_speaks.

Contact on cvs@greenberet.in and WhatsApp (97791-10555)