Wednesday, August 11, 2021

10 things to check when booking an apartment in a builder project

Author: Sachin Gupta | Find me on Twitter

Call it practices or malpractices; real estate in India is riddled with cases where buyers have been taken in for a ride. And in this environment, buying an apartment is not as easy as it may sound. Whether you are an end-user or an investor, you should pay attention to the following 10 items when booking a flat. These 10 items are categorized into two principal checklists namely Project details and Apartment details:

Project Details

  • Land Titles
When making real estate investments, buyers of property typically want assurance that they will become the legal owner of the property and that the seller is lawfully possessed and has the right to convey title. When a real estate developer has “Title”, he is said to have all the elements, including the documents, records, and acts, which prove ownership. Therefore, a buyer should insist on documents that clearly demonstrate Land Titles.

Some of these builder projects are approved for home loans by banks or lending institutions. These lenders are also concerned about title assurance because the quality of title affects the collateral value of the property in which they have a secured interest. Therefore, if you as a buyer lack the capacity to verify Title certificates by yourself, you should at least check and verify with the list of banks that have approved the project for home loan grant.

  • License Grant
The Town and Country Planning (TCP) Department grants license to private developers owing land for converting it into a colony or a group housing society. The license is granted upon fulfillment of parameters laid down by the TCP Department.

Ask for the License number from your developer and verify it at the TCP website.

  • Intimation of Disapproval (IOD)
Check if the builder has received the IOD from relevant authorities (Town and County Planning Department). IOD lists out the conditions based on which the building should be constructed. It is usually valid for one year and has to be re-validated thereafter.

  • Master Plan
A master plan typically demarcates city or region’s future development including residential, commercial, industrial, and recreational facilities. Visit the City Development Authority website and verify the claims made by the developer while selling the project.

  • No Objection Certificates (NOC)
In addition to the License number granted by the TCP department, a builder should also possess NOC from environment, fire fighting, electricity, water, airport departments. Check these NOCs.


Apartment Details

  • Location
First thing first, location is the key differential in selecting or rejecting a project. Make sure, you book an apartment in a project which is well connected by road to city’s CBD (Central Business District). In addition to that, look around for the presence of social infrastructure such as schools, shopping malls, college, etc.

  • Floor Plan
You are going to live in this apartment. Therefore, pay attention to the floor and unit plan. In one particular project, we noticed there were about 14 apartments on one single floor and that was a big dampener in otherwise a good project. In an under construction project, it is very difficult to assess the floor plan and unit plan. Ask for the approved floor plan and unit plan from the developer and analyze these plans for open spaces, lobbies, lifts, etc.

  • Amenities
After a long and hard day at office, one would like to relax and rejuvenate. Buy an apartment in a project which offers state of the art amenities such as park, jogging track, swimming pool, clubhouse, etc.


  • Kitchen

Many people overlook the Kitchen; however, make sure Kitchen is not only spacious but also properly planned. Many developers in Gurgaon offer the option of Modular Kitchen, however, check if the same can be developed from outside suppliers at lower prices. There are numerous vendors of Modular Kitchen in Gurgaon, visit them and inquire about the quality and total price. Thereafter, one can compare and take a final decision on the modular kitchen offered by the builder with the one offered by outside vendors.

  • Apartment specifications
Specifications comprise of kitchen fittings, bath fittings, flooring, electric work, walls, etc. Visit the sample flat prepared by the developer and assess the specifications first hand. Make sure that specifications provided in the brochure and shown in the sample flat are part of the builder buyer agreement.

  • Carpet Area/Sale-able Area Ratio
Most builders would charge you on the basis of sale-able area. Ask for the efficiency of the apartment or in other words carpet area of the apartment. In most cases, ratio of carpet area to sale-able area is 75 to 80%. If possible, get that included in the builder buyer agreement.

We are sure you will have your own stories to tell, your own issues with real estate projects, your own experiences of buying an apartment with a builder, and your own follow-ups? Share them here with the larger audience and let’s help each other.



Have any Questions?

50 comments:

  1. Hi! just wondering if you have an available condo for three, I'm helping my friend to find a there. Anyway, thank you and hope to hear from you soon.
    singapore real estate

    ReplyDelete
  2. Yes true points....but if you choose Vatika Group then no need to check the points because this is certified group according to location and other thing. You can enjoy all the luxurious facilities in all residential projects of Vatika Group. The group has developed apartments, villas, commercial spaces for rent, facility management services and a play school in Gurgaon for education.

    ReplyDelete
  3. This blog contain the information about the requirements before taking decision of buying a apartment.

    thanks for sharing this helpful post.
    Building an ADU in LA

    ReplyDelete
  4. Greetings from Colorado! I'm bored to death at work so I decided to check out your blog on my iphone during lunch break. I enjoy the knowledge you provide here and can't wait to take a look when I get home. I'm surprised at how quick your blog loaded on my mobile .. I'm not even using WIFI, just 3G .. Anyhow, wonderful blog! Foreign Investors Us Real Estate

    ReplyDelete
  5. Om Buildcon is amongst the well-known and reputed real estate company mulund.

    ReplyDelete
  6. Hi this is good to see that you are providing such great service and you giveing it for free. I love type of blogs that understand the value of providing a quality information. Thanks for sharing it very useful for Help Adya Advertisement Posting Website.  www.helpadya.com 

    ReplyDelete

  7. Thanks for the information... I really love your blog posts... specially those onBuilders in Chennai

    ReplyDelete
  8. Such a great Post!! Thanks for Sharing. Are you looking to buy flats / apartments in Delhi / NCR within your budget, Low Budget Flats, 2,3,4 BHK Affordable Apartments, buy property online, buy plots, resale flats, Top builders & developers, residential property for sale, new housing projects
    all Prime location visit at
    VIEW MORE:-
    property dealer in Prem Mandir Vrindavan
    2bhk appartment in ganesh city vrindavan
    3bhk residential flat in krishna sharanam vrindavan
    2bhk flat for sale in paras pride vrindavan
    1bhk floor in koshda mandakini

    2bhk flat for sale in paras pride vrindavan
    2bhk appartment in krishna sharanam vrindavan



    ReplyDelete
  9. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals- *Commercial finance *Personal finance *Business finance *Construction finance *Business finance And many More: and many more at 3% interest rate; Contact Us Via Email: financeloan71@gmail.com

    ReplyDelete
  10. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals- *Commercial finance *Personal finance *Business finance *Construction finance *Business finance And many More: and many more at 3% interest rate; Contact Us Via Email: financeloan71@gmail.com

    ReplyDelete
  11. Such a nice information! Thanks for sharing. As you are helping people who aspires to buy home, there is The Real Estate Connect - TREC who helps by providing real estate services.

    ReplyDelete
  12. Glad that you shared such important information through this blog.
    The projects by Ganesh Housing are really good.
    Do check out if you are looking for 3and4 bhk Apartments in Ahmedabad

    ReplyDelete
  13. Came across this blog and it is really very helpful. Thanks for sharing. All the real estate projects in Ahmedabad by Shivalik Group are having these documents verified. Visit them.

    ReplyDelete
  14. Nice! I thing, these are good and important tips for apartment purchasers. It will helpful for choose reputed, trusted and top brand companies to buy luxury Apartments for Sale in Delhi NCR.

    ReplyDelete
  15. Superb really impressive writing and i will follow up the points thanks.

    ReplyDelete
  16. Wonderful blog & good post. Its really helpful. Keep Blogging! . Flats in Chromepet, 2BHK Flats in Pammal

    ReplyDelete
  17. Hii..
    i Read Your article .such a very informative article And i hope include some More Info..if you want more info click here Amolik Sankalp 3 BHK

    ReplyDelete
  18. Nice Blog Post… If someone wants to take a flat or apartment in your budget of 1bhk, 2bhk and 3bhk, then Kolte Patil Pune location is giving you a good real estate property.

    ReplyDelete
  19. If you want to buy the city of your dreams then Mahavir Spring Location it will be the best house for you.

    ReplyDelete
  20. Your blog is big and there is a lot of good information thanks for sharing if are you looking for MBBS IN CHINA Plz let us know we will help you out

    ReplyDelete
  21. If are you looking for Interiors Designers Gurgaonplz let us know we will help you out

    ReplyDelete
  22. Buy latest and unique wardrobe in the best price Top Wardrobe Design In Gurgaon.

    ReplyDelete
  23. Buy latest design of Modular kitchen in gurgaon.

    ReplyDelete
  24. Give a new look to your home with the latest and unique design of Door and Window i the best price Schuco Aluminium Window.

    ReplyDelete
  25. Packaging Product Range of :
    *Auto Parts
    *Blister Packaging
    *Material Handling Trays
    *Vaccum Formed Parts
    *Cutlery Trays
    *Food Containers
    *Clear Boxes
    *E-Rick Roof
    packaging solutions provider

    ReplyDelete
  26. Master of Space is the Best Interior Designer in Gurgaon.Our Services is : Residential Interior Designer , Institutional Interior Designer , Commercial Interior Designer , Furniture Designer.
    Click Here To More Information
    Interior Designer in Gurgaon

    ReplyDelete
  27. hi
    There,
    Thank you for sharing a knowledgeable blog with us I hope that you will post many more blog with us:



    The Dandenong Ranges are the cool, green lungs of Melbourne. Explore the fern glades and soaring forests of mountain ash by car, on foot or in a historic steam train. Wander through some of Australia's finest mature gardens and enjoy great country fare in pretty villages and rustic farm cafes.

    Click here for Dandenong Ranges

    ReplyDelete
  28. hi
    There,
    Thank you for sharing a knowledgeable blog with us I hope that you will post many more blog with us:


    There is always a huge craze especially people from Indian Punjab to obtain Work Visa in Canada. Business expert Sharad Singh is suggesting some tips which can prove helpful before you plan your visit to Canada.


    Click here for 7 Important points to remember if you are planning a trip to Canada

    ReplyDelete
  29. Thank you share your article, In Washington, save my credit from foreclosure in Washington each Real Estate Agent gets an average of 2.5% and sometimes 2% for the commission of selling the home. Some Real Estate Agents provide cashback rewards. Washington Real Estate Agents gets higher commission than anywhere else. In the country, their Real Estate Agents only get 1% of the commission and their homes are actually much cheaper. Even though Real Estate Agents are the least educated of the parties involved in the buying home transaction, they seem to be getting the biggest piece of the pie. You can save my credit from foreclosure in Washington.

    ReplyDelete
  30. Crook background checks aren't for companies just. Bad guy record background check services might be costly, and personal investigators usually charge by the hour when carrying out these services. Before the Web, background checks for criminal polk county mugshots records were out of reach for the typical individual.

    ReplyDelete
  31. I am very impressed with your information, Its a really very impressive blog. I really got some another very nice information, so thanks for sharing these tips. Fort Lauderdale Commercial Real Estate Agent .

    ReplyDelete
  32. Excellent information. Now, getting information regarding Property taxes in Alabama become easy with the best real estate platform in Alabama called Residential Alabama.

    ReplyDelete
  33. Prairieville is one of the ideal places for residence in Louisiana. This area has proximity to the south of Baton Rouge and north of Gonzales. The location of the house is ideal for the family to stay. There are numerous opportunities for progress for professionals and businessmen to flourish their careers in their respective fields. So, to sell your property fast, our official website is available to play the part of promoting the significance of the area of your house. This is eventually the key feature to attract the buyers who are obsessed to live in peaceful areas.

    ReplyDelete
  34. Thanks for your complete information!!!

    If you are looking to buy property in India then go with largest database of property portal. i.e; RealEstateIndia.Com

    ReplyDelete
  35. I feel very grateful that I read this. It is very helpful and very informative and I really learned a lot from it.
    Top Real Estate consultants in India


    ReplyDelete
  36. I saw Your Blog This is Very Useful info !
    Q Bazaar is another project in Lahore and soon will be a developed shopping center in the mark of union of the city. Q Bazaar Lahore is a critical city and we have seen another improvement project in this city each approaching day.

    ReplyDelete
  37. Nice information I really loved your best representation. I am searching for Best builders in Hyderabad. I visited " https://praneeth.com/ " and the projects are really great.

    ReplyDelete
  38. Nice Information

    How to choose the right Real Estate Developers in Bangalore

    1. Adarsh Developers is a reliable and experienced real estate development company in Bangalore that specialises in developing residential plots in North Bangalore.
    2. We have a wide range of residential plots available in North Bangalore that can suit anyone's needs, from small apartments to large villas.
    3. Our development team is highly experienced and skilled in bringing your dream home to life, and we are committed to providing an excellent customer experience throughout the process.

    To know more Visit us
    Builders and Developers in Bangalore
    Best Developers in Bangalore
    List of Builders and Developers in Bangalore With Contact Details

    ReplyDelete
  39. Great information on blog. keep posting more.
    we are road contractors in Nagpur.

    ReplyDelete
  40. Aimal Builders and Developers' Shangrila City in Scheme 45, Karachi, stands as an exemplary affordable housing project, providing a golden opportunity for those seeking quality living in a strategic location. With its commitment to affordability and top-notch amenities, it emerges as a prime choice for Real Estate investment prospective homeowners and investors

    ReplyDelete
  41. Apartments for sale in Kompally is an exclusive gated community offering luxurious 2 and 3 BHK flats. The apartments are available in both East and West-facing options and are surrounded by lush greenery, providing a serene and peaceful living environment. New apartments for sale in Kompally are designed to offer the perfect blend of luxury and comfort, setting a benchmark for quality living. Contact us for more details. https://www.vikshaprojects.com/myra.php

    ReplyDelete