We were travelling on the GT Karnal road by car. The spic and span road running across the length and breadth of the city we were crossing gave me an insight of how life could be while living in one of those projects of the builders nearby. I haven’t seen their colourful brochures, it is just the under-construction building which is upcoming in the region that is enlightening my mind to think.

And then it sparked in my mind to ask what is the guarantee that if today I go out to explore an option to buy a home in one of such under-construction buildings will I be delivered what was promised? “Nothing” came a prompt reply from my husband. Further, he added that, “You never know which organization would stand in and impose a stay order on the construction activity on any given day.”

True, I said. After all, buying property in Delhi is not everybody’s cup of tea. And when these kinds of situations arise, it gives impetus to the ongoing slump in the market. Then, what is the recipe of buying a home that gives no tension to the buyer for its future prospects in terms of delivery and possession? The answer lies in doing your research as deeply as possible. Dig on to ensure a watertight deal with the builder. The following are the precautions that you should consider before you buy your new house:

Maintain a check list: Collect all necessary documents from the builder before you sign a deal with him. You must ask from him for environmental clearance, intimation of disapproval (IOD) or a building permit, building layout approval and a commencement certificate.

Litmus test: If your builder has a pre-approval from any of the well reputed banks who ensure a thorough check-up before deciding to lend to the buyers then, be assured that all is well with the builder.

Check his background: There is mushrooming of builders in the millennium city. If you are planning to Buy Property in Gurgaon or anywhere else, ensure the background of the builder through consumer websites and forums on the internet. Talk to the residents of his previous projects and ask about his feedback.

Check it legally: You must not evade this step in order to avoid extra charges from your legal expert who may fetch you with authentic information specializing in local property laws.

Source: WordPress (Shop a Tension Free Home)