How to buy under construction property

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Ø   How to buy under construction property:

Ø   Here are the five important things a home buyer must consider:

  • Is property Rera registered? The biggest risk in buying an under-construction property is a delay in completion.
  • Check if the builder can be trusted or not.
  • Builder-buyer agreement.
  • Changes in the building plan.
  • Bank loans.


Ø   Is it safe to invest in under construction property?

Buyers get many options on under construction properties. The wait may be longer but it is worth the cost. One should not just buy a property because the cost is less. "Post RERA, there is an added advantage of booking a unit in an under construction project - the buyer is safe and secure.


Ø   Should I buy under construction property?

Under-construction property 

The buyer has more time in hand to spread the payment, registration charges, stamp duty, etc. Higher chances of gettiong cheated as the property may be sold to more than one buyer. Buyer's due diligence is very important. Relatively simpler to buy an under-construction property.

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