Do not be taken in by tempt­ing of­fers. Run your safety checks

HT Estates - - HTESTATES -

1

Of­ten, con­sumers are so taken in by the lu­cra­tive of­fers dur­ing Navra­tra that they rush to buy into the project and for­get to do their due-dili­gence. So don’t get mis­led by lu­cra­tive advertisements and prom­ises of builders. Do your re­search and then take a call.

2

If your de­vel­oper of­fers you ad­di­tional ben­e­fits on the pur­chase of an apart­ment, get it in writ­ing with his sig­na­ture. You can then threaten le­gal ac­tion against him if he goes back on his prom­ises. Most of the time, de­vel­op­ers prom­ise you more than they can of­fer. So, it’s ad­vis­able to get ev­ery­thing writ­ten down.

3

Don’t get taken in by lu­cra­tive of­fers even if your de­vel­oper tells you that it’s the tra­di­tion to an­nounce free­bies and spe­cial of­fers dur­ing Navra­tra. The fact is that the re­alty mar­ket is go­ing through a slump right now and de­vel­op­ers might be des­per­ate to at­tract cus­tomers. So they make false prom­ises to lure buy­ers to make pur­chases.

4

Many de­vel­op­ers have duped home­buy­ers by launch­ing res­i­den­tial projects on land which they don’t own. In some cases, even though they own the land, many de­vel­op­ers launch the project with­out get­ting the land use changed from agri­cul­ture to res­i­den­tial. Re­mem­ber, the con­cerned rev­enue depart­ment and de­vel­op­ment au­thor­ity can au­then­ti­cate ti­tle and land use so you can con­tact them to get the de­tails.

5

Of late, RTI is the best way to get your due- dili­gence done. It has not only helped un­earth many cases of real es­tate fraud, but also helped home­buy­ers make a safe buy. So file an RTI with the prin­ci­pal in­for­ma­tion of­fi­cer of the con­cerned de­vel­op­ment au­thor­ity and find out ev­ery- thing you want to know about a project. It’s very im­por­tant to do, as many well-known de­vel­op­ers are in­volved in sev­eral types of mal­prac­tices.

6

In many ar­eas, a de­vel­oper first gets a li­cence fol­lowed by ap­proval for the lay­out plan. In the next stage, his build­ing plans are ap­proved. So a home­buyer must find out whether the de­vel­oper has got all the manda­tory ap­provals.

7

Even well- known de­vel­op­ers have vi­o­lated build­ing norms and con­structed over and above the num­ber of flats they were au­tho­rised to build. Apart­ments for which ap­provals have not been ac­quired are il­le­gal and the con­cerned au­thor­ity can de­mol­ish them should they de­cide to do so.

8

In some cases, de­vel­op­ers have pur­chased ex­tra FAR dur­ing con­struc­tion which means they can use more area to build apart­ments. You might have cho­sen an apart­ment be­cause it over­looks a park, but re­mem­ber that with ex­tra FAR the de­vel­oper can build on it with­out tak­ing per­mis­sion from you.

9

A de­vel­oper must sub­mit his land ti­tle, all en­cum­brances, ap­proved plans and spec­i­fi­ca­tions, de­tails of all com­mon ar­eas and fa­cil­i­ties etc to the de­vel­op­ment au­thor­i­ties. How­ever, this has been vi­o­lated every­where. Find out if the de­vel­oper has made a true dis­clo­sure and if the com­pe­tent au­thor­ity has en­dorsed it.

10

While go­ing for a ready-to­move-in flat or se­condary flat in any project, a home­buyer must find out the sta­tus of the com­ple­tion cer­tifi­cate of the project. It’s the only doc­u­ment which en­sures that the de­vel­oper has taken all ap­provals from the con­cerned au­thor­i­ties and ro­tects a home­buyer’s in­ter­ests.

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