Please ask the builder/realtor whether the land has NA status (Non Agricultural) or not and whether Construction Permission (Rajachitthi) has been received or not. These two are the most important permissions out of all required for the real estate development of your project. And, we at SUNFIN advise Home buyers NOT to buy a Home if these are not yet received

If a project is approved by banks like ICICI Bank, HDFC, SBI, etc., then it can be concluded that the legal title of the project is more or less clear. So buying a flat or a bungalow in a project approved by banks is a smarter way to ensure that you are buying a clear title property.

If a builder is promising that he is going to get the completion Certificate/Occupation Certificate (CC/OC) then that means that the builder is going to do the construction as per the approved maps and complying to the rules and regulations. ASK the developer or realtor whether he is going to provide the CC/OC or not.

Ask the developer when is he going to offer possession of the flat/bungalow that you are buying. Also ask WHAT IF he is not giving possession on time? Delay in possession results in your financial loss. Good and Quality Builders would always try to adhere to the time lines.

Check with the developer/realtor about the background of the promoters and partners. Inquire about their past projects and check the Quality of their Past Projects. Also check the credentials of the firm and partners. Try to get some references.

You cannot live in a house without these four important resources. Check about their sources/ Supplies/ Connection/ Charges. Ask thefollowing questions: I. Whether VMC/VUDA is going to provide water supply or it is bore well water? ii. Whether VMC/VUDA is giving Drainage/Sewage connections or whether you are going to have sock pit or STP plant? iii. How wide is the road abutting your house/building? Is the road developed or is going to be developed in future?

There are many “other charges” like maintenance deposit, development charges, electricity connection charges, legal charges, stamp duty, registration charges, Service Tax, VAT, etc. Understand all these expenses and charges in details before you take decision. Many a times, there are hidden charges too.

Many a times due to unexpected circumstances, one might be required to cancel the booking. Many developers have very high or exorbitant cancellation charges policy. Many developers even create a prolonged delay in returning the money received. Clarify all these terms and conditions before booking the flat/bungalow.

There are three units of the size of the property as follows: Carpet Area: The actual square feet area inside the walls of your flat or bungalow. Built up Area: Carpet area plus the area consumed by the walls of your flat/bungalow. (Generally, this is 8-10% higher than carpet area.) Super Built up Area: Builtup Area + Distribution of actual common area spaces like lobby, staircase, terrace, etc. among the individual units (flats & bungalows) on a prorata basis. Builder charges you on the basis of super builtup area but you actually get the carpet area. This is a very important matter and double check with the developer about the actual carpet area that you are going to get. Many a times, unprofessional or scrupulous builders dupe customers in the way of charging for more area than what they are giving.