10
important things that can save you from builder floor scams in Noida Extension
Noida Extension, also known as Greater Noida West, is a rapidly developing region in the National Capital Region of India. With the construction of numerous builder floors and housing projects, it has become a prime location for homebuyers. You might think why builder floors in Noida extension are so much in demand.
The rapid development of the area has led to a significant increase in the number of builders and developers. However, with the increasing number of builder floors in Noida Extension scams, buyers need to be cautious and aware of certain important things that can save them from being a victim of fraudulent activities. Not all builders are trustworthy, and many home buyers have fallen victim to scams of ready-to-move builder floors in Noida Extension.
Buying a builder floor in Noida extension is a significant investment, and it is essential to take the necessary precautions to avoid falling prey to these scams. Here are the top 10 important things that can save you from builder floor scams in Noida Extension:
1. Verify builder credentials
The first and foremost important thing to do before buying a builder floor in Noida Extension is to verify the builder’s credentials. You must also check the builder's registration status with the Real Estate Regulatory Authority (RERA) and ensure that they have all the necessary permissions and clearances from the local authorities. This will help you avoid fraudulent builders who have no legal right to construct buildings in the area.
2. Research about the property
Before investing in any property, it is essential to do thorough research about the property and its location. This will help you to know about the neighborhood, the availability of basic amenities like water, electricity, and transport facilities, and the prospects of the area. You should also check the previous records of the property, such as ownership, past sale history, and any legal disputes related to the property 2 BHK builder floor in Noida Extension falls prey to scams a lot. Make sure the property is as it is mentioned in the documents.
3. Check the builder’s track record
Another important thing to consider is the builder’s track record. You must check their past projects and their completion status. It is also advisable to check online reviews and ratings of the builder’s past projects. This will give you an idea of the quality of construction, timely delivery, and after-sales services offered by the builder.
4. Read the agreement carefully
Before signing any agreement, you should read it carefully and understand all the terms and conditions mentioned in it. You must ensure that all the promised amenities, such as parking, clubhouse, and swimming pool, are mentioned in the agreement. It is also essential to check the payment plan and the penalty clause in case of any delay in payments. If you have any doubts, you should seek the help of a legal expert to understand the legal implications of the agreement.
5. Verify the property documents
One of the most important things to do before buying a builder floor in Noida extension is to verify the property documents. Builders/developers often try to sell properties that do not have valid documents or have discrepancies in the documentation. They may try to cover up these issues by presenting false or misleading documents, which can lead to legal complications in the future. You should check the title deed, land use certificate, and other necessary documents related to the property
6. Choose a reputable real estate agent
If you are not familiar with the local real estate market, it is advisable to choose a reputable real estate agent who has a good track record. You can ask for recommendations from your friends or family members who have recently purchased a builder floor apartments in Noida extension. A good real estate agent will guide you through the entire process and help you find a property that meets your requirements and budget.
7. Get a professional inspection done
Before investing in any ready-to-move builder floor in Noida extension, visit the site and inspect the surroundings. Check the quality of construction, the amenities provided, and the location of the property It is also essential to verify if the builder's floor is built on the land owned by the builder/developer. A professional inspection will help you to identify any structural or construction defects that may cause problems in the future. It will also help you to negotiate the price of the property based on the repairs needed.
8. Ensure timely possession
The possession date is the date on which the builder/developer hands over the property to the buyer. It is important to verify the possession date and ensure that it is as per the agreement. Builders/developers often delay the possession date, and it is important to be aware of this. It is essential to ensure that the builder provides timely possession of the property as per the agreement. You should include a penalty clause in the agreement in case of any delay in possession. This will help you to get compensation for any losses incurred due to the delay in possession.
9. Check the Carpet Area
The carpet area is the actual area of the property, and it is essential to verify it before investing in any property. Builders/developers often manipulate the carpet area to increase the price of the property. Ensure that the carpet area is as per the approved plan and as mentioned in the agreement. By checking the carpet area, you can ensure that you are getting what you are paying for and that there are no discrepancies in the area of the property.
10. Check the Payment Plan
The payment plan is the schedule of payments that the buyer needs to make to the builder/developer for the property It is essential to understand the payment plan and ensure that it is fair and transparent before investing in any property. Builders/developers often ask for more than the permissible amount, and it is essential to be aware of this. It is also important to check the penalties for delayed payments and the payment schedule. It ensures that you understand the payment schedule and that there are no hidden charges or conditions that you were not aware of.
These are some important things to consider before buying a builder floor in Noida Extension Investing in builder floor apartments in Noida Extension is a significant decision, and it is important to take the necessary precautions to avoid falling victim to builder floor scams. Researching the builder/developer, verifying the property documents, visiting the site, checking the carpet area, payment plan, possession date, completion certificate, builder/developer's reputation, and consulting with real estate experts are some of the important things that can save you from scams of builder floor in Noida extension. By following these steps, you can ensure that your investment is safe and secure, and you can enjoy your dream home without any worries.