Hopkins36
Joined: 13 Nov 2007 Posts: 1
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Posted: Tue Nov 13, 2007 1:19 am Post subject: Points to note before you buy a flat |
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This is for young couples and other newcomers to the real estate sector, with plans of buying a Kerala flat and making it home a sweet one. With the number of people going for flats in the city increasing, most cases see that the owners or prospective owners, are never in the real know of matters regarding the building's legal standing.
And that is why experts keep repeating that purchasing a flat is not just about selecting the right locality or securing a bank loan to look after the financial part of the deal. Several builders resort to construction on plots that are less than the minimum area required for building apartments.
Layout approvals are must and the buyer, before inking down the deal, should be careful to check this because if construction is called to a stop by the authorities, the builder can vamoose anytime, leaving you in the cold. You should make it a point to check the background of the builder and do a small investigation into his earlier projects, just to make sure that he is credible.
You should also ensure that the building has permission from the authority concerned before you enter into a formal agreement with the builder and also that the builder sticks to existing guidelines while going about construction. Another factor to be ensured is that the agreement between you and the builder is registered.
These checkpoints are just a few from the long list. Always consult a known advocate and also the local authority concerned to know what your legal footing should be before purchasing a flat.It is always better that all specifications, regarding materials that are going to be used and where, are discussed before work on the building starts.
Also verify the amenities that have to be provided by the builder. These include power, generators, lifts, water connections and pipelines, car parking facilities, ventilations, bathroom fittings, taps, doors, windows, rain harvesting pits and for those who are inclined, a clean chit from a vasthu expert as well. You can also discuss on the direction which the flat should be facing, east or north. Keep visiting the construction and have a list of your priorities, likings and demands and monitor whether they are being taken care of. |
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