Things to look for while selecting a project
Intensive research may save you from problems like delay in possession and hike in interest rates
a difference in the services and amenities, the freebies or the discounts? If the amenities on offer are better than others, you should consider the project.
Third, check the completion date. It is important for you to know the month and year when the developer is promising to hand over the possession of your flat. The sooner you get possession, better it is for you to consolidate and plan your monthly expenditure.
As you move beyond your primary research and queries, the fourth thing you should check is if the builder-buyer agreement favours your interests. And fifth, you should ask for some discount on the quoted/marked price. If all these checks are in your favour, you should go ahead with your investment.
If the project’s location, amenities, surrounding infrastructure, price band and configuration, and the completion date suit your requirements, go ahead but remember, be ready to make compromises if the developer is giving you an early possession but the flat is not available at the floor desired or is road facing instead of park facing.
Such minor deviations should not matter if you are investing in a project that is delivered on time and promises healthy appreciation. Delayed projects increase costs, the pre- EMIs interest outgo go up if you’ve taken a construction-linked payment plan.