Things to Check Before Buying Under-Construction Property in Kerala

Purchasing a property under construction in Kerala is beneficial, but one needs to be very attentive while making this investment. Under-construction properties offer the opportunity to buy a property in a coveted location at a cheaper price and choose the features you want in your house. However, in real estate, there is always some risk associated with buying a property before completion. It has to be evaluated properly so that an investor wants to protect his investment. Here we give you a few helpful key points worth checking before investing in an under-construction property.

Check the registration of the property

• Find out if your project is RERA compliant or not.
• RERA Registration gives the consumer complete details of the property and builders.
• RERA registration ensures transparency and standardisation of contracts

Check the reputation and experience of the builder

• Check if the builder is trustworthy. 
• Check out other reviews and testimonials by other customers.
• Carry out deep studies about their projects, progress, and quality of work.

Property Legal Approvals

• Make sure that the property complies with all necessary approvals from land use, buildings, and the environment.
• Ask them to present the title deed to ensure that the builder owns the land.

Construction Timeline

• Verify the promised possession date and check whether the builder has a history of timely completion of buildings.

• Find any penalties in case of a delay in an action according to the contract.

Look into our under-construction flat in Kottakal, Ghazal White Fort.

Payment Plans and Costs

• You need to understand the pricing plan that covers hidden prices such as GST, registration fees, and maintenance charges.

• Select the construction money-tied payment option to avoid any related risks.

Builder-Buyer Agreement

• Read the agreement carefully to learn about delay, cancellation, and refund policies. 

Amenities and Specifications

• Compare promised facilities such as parking zone, clubhouse, elevator, etc., and the materials specified in the agreement.

• Take a round visit of a sample flat if possible to determine the standard of their apartments.

Read: List of Must-Have Amenities in Apartments

Resale and ROI Potential

• To know future property value it is necessary to study the prospects for the development of this territory and its accessibility. 

Purchasing a house under construction from Ghazal Builders is a safe and smart decision. All our projects are RERA registered to ensure that clients are protected, the projects are legal and the flow of work is consistent. Ghazal Builders delivers living spaces that are structured in superior quality and located in the best places for you. Our homes have been designed to fit the modern lifestyle and give our clients the best value for their money. By choosing Ghazal Builders, you’re not only purchasing a property, you are purchasing a future of trust, comfort and peace of mind.