The real estate market in Goa is expanding. Rising disposable incomes, evolving consumer preferences, and Goa being a sought-after tourist destination are some of the leading factors that are driving this exponential growth. As the allure of owning a slice of this paradise intensifies, potential investors seek homes that offer luxury, comfort, functionality, and modernity perfectly blended with nature.

However, investing in a luxurious home in Goa involves more than just a financial and location decision; selecting the right builder also plays a critical role. Choose a trusted and highly-experienced builder who delivers not only in terms of aesthetics but also caters to safety, quality, and reliability. There are specific guidelines that can be followed to determine the credibility of the builder.

Making Certain the Builder is RERA-Registered

As per the Real Estate (Regulation and Development) Act of 2016 ( RERA), property developers need to get themselves registered under their state regulatory authority. It aims to safeguard the interests of homebuyers and promote transparency in this domain. When shortlisting a builder, it is imperative to check if they are registered under RERA. It ensures that the builder follows guidelines and timelines specified by the authority, providing buyers with protection against potential delays and financial risks.

Quality Above Everything Else

The quality of the project's construction directly impacts the longevity and safety of a property. A safe builder prioritizes using premium materials, abides by the required construction standards, and possesses a team of skilled professionals that ensures the durability and reliability of the structure. Prospective buyers should examine completed projects by the builder and seek expert opinions to assess the quality of their work.

Visit the builder’s previously completed projects to attain a sense of the quality of construction, parking area, standards of the interior and exterior work, and open and green spaces, including amenities such as the gym, rejuvenation zones like the pool and spa, and club area.

Conduct Deeper Research

Additionally, examine the occupancy rates of the previously completed projects. This approach will provide insights into the builder's reputation and the overall desirability of their developments. High occupancy rates indicate satisfied residents and can give prospective buyers more confidence in their investment decision.

Look for customer testimonials and feedback on the builder’s previous projects available online as well. This will also help you gauge the quality of the builder’s work in terms of materials used, adherence to timelines, and post-sales service.

Before finalizing a builder, research their past delivery records and compare them against the promised timelines for the new project. Project completion delays can be financially burdensome and significantly affect future homeowners moving plans. But reputed builders are more likely to complete projects within the specified timelines, making partnering with a renowned builder a highly desirable move. Click here to know about the 5 ideals that Kasu lives by.

Transparency is Key

Consider hiring an experienced advocate to conduct complete builder verification via credible brokers, banks, and builders’ associations. 

Check if the builder is part of credible organisations like the Builders Association of India (BAI), the National Real Estate Development Council (NAREDCO), and the Confederation of Real Estate Developers Association of India (CREDAI). These regulatory bodies have to follow an ethical code of conduct, which is mandatory for all members. These associations provide advocacy, policy representation, and best practises.

Lastly, transparent communication between the future homeowner and builder is essential throughout the home-buying process. A trustworthy builder will be open about all aspects of the project, including pricing, amenities, and the potential risks involved. Onboard a builder that provides detailed project documents and will answer all your queries without hesitation.

All in all, factors such as RERA registration, delivery records, quality of work, transparency, and customer reviews provide essential insights into the builder's credibility and past performance. With thorough research and due diligence, future homeowners can confidently select a developer who not only fulfills their dreams but also safeguards their property investment.