Choosing a Right Chennai Land Developer– TheGood and BAD

In India, it’s not just enough to find a block of land, it is imperative to find the rightperson to agree to sell that right place for the right price. ‘Extreme high risk’, these wordssometimes define a real estate investment for several Indians and NRI’s all over the world.However, the“dependable real estate developer” usually eases off tensions and a lot ofstress while investing in property.

Of course, the place should have the basic amenities needed to survive in acommunity with like-minded neighbors. For example- buying a land for agriculture nextto a paper factory would not be a good idea.

Overlooked most of the times and yet very prominent is ‘property syndication’ thatcan lead to grave misunderstandings within the real estate agencies involved in jointventures. However, trustworthy Realtors keep evaluating the soon-to-be opened facilitiesand amenities that can enhance your land’s investment.

Keep a vigilant eye, on small scale or individual developers’precaution, and control, isalways better than a trap. “Their website says they are pioneers in Real estate.” Andseveral other sentences could sway your thought for a while. One needs to crosscheck allthat is written about the developer offline and online.

Moreover, an investor should not forget that the developer would soon be using up allthe committed bank balances, fixed deposits, and liquid financial assets like stocks, bonds,and converting it into a non-liquidable long term asset – property.

Double assure yourself by checking the operating history of the developer. Everythingfrom his previous completed project construction , land ownership, locations he’s investedin before should have relative procedures and consistent research.

Usually in the case of family owned businesses, Realtors plan for future investments.One could always check on their reliable online reviews, about previous projects and thelong term associations have helped the builder succeed.

Crosscheck with his old customers, if he’s given facilities in the plotted scheme, andthat there were no risks and no legal complications. Talk to some buyers who may havepurchased property with that developer.

Check as to what portion of the developer’s land has been taken successfully? Havethey stuck to their promises of giving facilities in the plotted scheme? Does the developerconstantly endeavor to improve and strive to build long-lasting relationship withcustomers?

From the date of incorporation, to their journey that shows the constant researchskills and the strong zeal for growth.The quality of life the builder develops is equallycrucial, valuable and useful structures for the land like fencing the individual Plots,boundary wall around the land, supply of basic necessities like Electricity, Water andRoads add to his traits of dependability.

DTCP and CDMA approvals are also contributory factors towards the building thetrust on the builder. Inevitable credit is given to builders who help sustain theenvironmental balance within their land, simultaneously maintaining class and comfort.

Reliable Real Estate developers would be well prepared for the kind of controversiesthat has plagued this domain. It is critical that you safeguard your interests first and dealwith good property dealers who would proactively inform you about the documents thatwould be required to complete the sale. Their experience in this field should beunquestionable. All necessary paperwork would be explained before you know it.

Sale Deeds, previous sale agreement if any, Title Deed, Agreements, NOC's fromElectricity Dept. / Pollution Dept. /, Conveyance Deed, RTC Extracts, Katha Certificatesand Extracts, Registration Extracts, Power of Attorney, Sanctioned Building plan, NOCfrom Water Works / Port Authority, Sale & Construction agreement betweendeveloper/Builder & 1st owner, Possession letter from Builder / Developer, Any Loandocumentation, Property verification Analysis and All Paid Tax receipts, Entire plan andthe total duration for the project.

Vendor details for raw materials, No Due Certificate, Master Approved Plan, Layoutapproval plan, Auction Sale confirmation letter from local authority, CompletionCertificate, Occupancy Certificate, Deed of Declaration, plan for property designs andmuch more would be something you understand and get your hands on only if you knowreliable Realtors.

Mission critical are the management personnel who work for the builder. Thepersonnel should be trained, project informed and customer relationship experts. Somedevelopers even sponsor 24 hours travel facility for not just site visits.

Choosing a builder or developer who believes in delivering a no risk project for buyersas it has clear titles, abides by government policies, free maintenance stands by rules andregulations and even probably installs solar panels.

Good builders and developers have sufficient tie ups with banks for Loan and easyInstallment schemes. Contact WisdomProperties for your stress-freereal estate consultingservice. It’s not the event sponsorships; number of pamphlets or the promotional bannersthat the developer puts up – what score well for a good developer is his commitment andcaliber to deliver a project on time.

After much research and recommendations, if you still contract with a baddeveloper – let’s just hope you do not end up with the disadvantages of owningunapproved land. Unapproved plot ownership can lead to severe penalty and even legaldemolition of the building constructed in that space.