Today, with the ever-expanding era of digital marketing, it is easy to be lured into deceptive gimmicks and fall prey to false promises. This is especially true with regard to the real estate market where a small miscalculation could cost you lakhs of rupees. Buying a house is no walk in the park – you need to ensure that its foundations are strong, its materials are reliable and your home is exactly the way you want it to be. For this to be possible, your real estate developer needs to have excellent communication skills, a willingness to understand, a clean, transparent background and a strong portfolio to back their expertise. While you might be prepared with an action plan to thoroughly investigate potential developers and their projects, the process can get time-consuming. To expedite and streamline your research process, here are some tips that can help you find the right real estate developer:

Talk to the Estate Developer’s Existing Clients

Talking to the real estate developer’s existing customers is easily the best way to get a perspective on the entire agency. Your questions can surround construction quality, and the developer’s ability to meet deadlines, accept mistakes, rectify them and effectively deliver on the promised project. Ask about how efficiently the organisation and its team communicated and responded to complaints or demands, how well they handled setbacks and whether the final product was of the promised quality. The older the clients, the better insight you will get. Ideally, homes that start falling apart within a couple of years, or lack essential preventative measures such as whitewashing or waterproofing tell a lot about the attitude of your developer. At Kasu Assets, we take great care in the way our clients are interacted with, right from the first time they get in touch with us. To know more about how we hire our sales managers, click here.

Scan their Social Media

A company’s social media, especially the comments/review sections, can tell a lot about it. Look up your potential developers’websites, their social media pages and even the google reviews. While websites majorly mirror the ideology and vision of the company, social media (comments) and Google reviews can offer the customers insight into reality. The website can also provide information about partners, past projects, budgets, values, quality of work and years of experience. Your home needs to be built by someone who has created an irreplaceable place for themselves in the market, which evidently shows that they are reliable. This is important, especially to avoid any legal issues related to your construction down the line.

Investigate their Documentation

To ensure your home is free of any controversies or future legal conflicts, you must undertake due diligence. If you are purchasing a ready-to-sell property, ensure that the current ownership title is clearly in the developer’s name i.e. they have the original ownership documents. Secondly, make sure that the developer has land-use permission and that the Master plan matches the zoning plans (residential, commercial, industrial etc). The next step would be to verify permissions for constructions i.e. the Municipal Corporation has approved infrastructural facilities such as water, electricity and so on. The builder needs to provide NOCs from various municipal departments to support these clearances. Specific documents to look for with the builder are:

- Title Deed

- Mother Deed

- Intimation of Disapproval

- Commencement Certificate

- Encumbrance Certificate

- Approved Layout plans

- Purchase Agreement

- Occupancy Certificate

Check to see if the project is approved by the Real Estate Regulation Authority (RERA), a body that ensures transparency in the real estate market.

Discuss your Budget and the Developer’s Pricing

Once you are satisfied with your background check, another way to narrow down on your real estate developer is by comparing pricing. Discuss your expectations, budget with them and understand how their pricing plan works. While developers may have a fixed base price, some additional costs may apply based on your house’s/ flat’s view, floor, locality and amenities. Compare prices with other builders and find one that fits your requirements and budget the best.

Check for Financial Support

Most major real estate developers offer to help buyers with financial procedures such as loans and insurance. This can be really useful, especially if you have a fixed budget. A developer who offers additional services also genuinely cares for their customers and wants them to have the best. 

When you are buying a house before you start dreaming, make sure you have researched thoroughly. A house is a massive investment and a space where you will make thousands of memories with your loved ones. Checking a real estate developer’s past projects in Goa, client reviews, legal certifications and additional services are all great ways to ensure the security of your home.

Got questions? Direct them to us and we’ll be happy to help!