How will you feel, after few years of dwelling, without any notice you are being told to vacant your home or suddenly demolition takes place? At the time of booking, you were shown a spacious flat and later at the time of possession, you realize the size of the flat is too small? Isn’t this dreadful? Buying a home is perhaps one of the biggest and essential investments in any person’s life. Since you are putting your hard-earned money to own your dream home, you need to be very careful as home-buying come with lot of risks and uncertainties. As a buyer, you have to look into the minute details too. Just the look and location of the project is not enough, you have to scrutinize various details related to property buying. Builders are quite clever business people they know how to trick the buyers and get benefited hence you as a smart buyer should investigate and ask the builders all the necessary questions related to the project.There are some essential questions which you need to ask the developers before investing in their project on the basis of which you can decide whether you can devote your life-earnings or not.Is the land use for residential complex?It is quite essential to check whether the project has been developed on residential land or not. The land use license mentions that for what purpose the land can be utilized. Whether the land is used for developing residential property, commercial, plots, floors etc., it is necessary to know this before hand to avoid further problems.Is the developer, owner of that land?Ask the builder, if he has got the ownership of that land. Plots have unique Khasra number, based on which you can identify the owner of the plot or on whose name it is registered. Hiring a lawyer for this purpose could be helpful as you can also find out if the land is stuck in any legal dispute.Has the builder got the complete land acquisition?A developer gets almost 85% of land acquisition but is still struggling for the 15% and gets into a dispute. Unfortunately if your residence is developed on that 15% of land, that would certainly be a problem. Hence to avoid such regrettable situations confirm whether the builder has acquired the complete land acquisition.Is there any hidden cost or escalation clause?Escalation clause is generally included in the sales agreement or builder-buyer agreement. According to the clause the builder has the right to incur the additional cost from the buyers. Sometimes the builder can fool the buyer to earn extra hence it is necessary to check the past record of the builder. Check if the additional charges are genuine. It is better to go for a project that doesn’t mention this clause. The developer also asks for external and internal development charges, find out in advance is there any hidden charges that can be imposed.Is the builder liable to pay the penal amount?Now this clause works against the favor of the builders therefore most of the time the agreement does not mention the penalty clause. According to this clause, if the project delays then the builder has to pay particular amount as penalty to the buyers. It is necessary to have this clause and also check if the builder has genuinely paid such penalties in past or not.Is the size of the apartment appropriately stated?Normally to show the apartment size large, builders state super area instead of carpet area. Instead of the actual apartment size, super area also includes area of balcony, lift or basement space. Always ask the developer the carpet area and complete breakup of the super area.Has he got all the essential approvals?Generally reputed or loyal developers, display their license numbers in ads or their website, in case not then ask for the license which acts as a proof that he has acquired all the necessary approvals. Building plan, height clearance, water, environment and pollution are the basic approvals to be checked. Remember, delay in the approvals is the major cause for delay in project completion.What if you fail to make payment on time?Sometimes due to some unforeseen reasons you may fail to make payment on time, hence you may need to ask the developer that how much time could he provide to make the payment, how much interest will be charged, will your allocation get canceled, what is the procedure for forfeiture clause and other related queries.In most of the above scenarios, the builders may avoid answering your questions or can even answer truthfully but to be on a safer side, you can ask residents of the builder’s earlier projects of his past records and how does he react if any of the circumstances arises. Buying a home is not a petty expenditure; hence you have to tactfully get all the necessary details and information before taking the move.займ на карту без отказов круглосуточновзять кредит онлайн