There are new home design trends that are radically altering the landscape for abodes across India. Other than deluxe apartments in skyscrapers, first and second homes that are independent cottages, villas and plots are now being selected by buyers. In haste to buy plots or other lands that ‘seem’ affordable at the first sight; the buyers often are led on a wild goose chase and legal battles with the developers. Instead of a dream turning into a nightmare, why not vet the build, deal, property and area. If you are looking at gated community plots in North Bangalore then check the mandatory things that will ensure that you have signed a good deal. Let’s begin with the real estate company’s credentials and the paperwork.
Plots information in brochure is outdated?
Every builder is required to spell out details of project layout, plots available, views, amenities and services in an information brochure. The trend is to make this information very impressive. There are many segments of builders who make luxury homes; affordable housing and others simply sell plots. You need to ascertain if the builder is exceeding his domain to provide the plots. In Bangalore, the northern and northeast sectors are seeing a surge of upscale and affordable housing for new families. The concept of a gated community is gaining credence all across India. Such a project has better conceived roads, well-lit areas, greenery, shopping and outdoor facilities, indoors entertainment, clubs, parks and children amusement.
Is the company’s growth strongly linked with the stakeholders and buyers? Do they have a professional team of specialized architects, engineers and human resources to work together with a determination to accomplish set goals? The financial dealings and support should impressive even in the lean period of development in a cluttered real estate in suburban Bangalore. The relationship with existing customers, investors and homeowners is built on trust. They are the stakeholders and the pillars of strength of the company. Hence, when you look for plots for sale in Bangalore, north check the business practices before investing in their gated community.
A potential builder should have:
- Innovative approach to design and other elemental concerns of villas
- Use of digital technology for modern lives
- A real estate company does not simply build walls… they develop relationships through their accomplishments and successful inventory.
This is why the business model survives. With fair business practices and real offerings to buyers and investors, a gated community is appreciated financially and otherwise. The company’s brand should be synonymous with aesthetics, quality, ground reality and visibility in the market with faith. With so many plots for sale near Bangalore international airport from various builders. It is essential to get the paperwork in order. While a brand of a developer may be popular the real test for the checklist comes when the paperwork is done. Even if you are building a villa just outside of the city, the same parameters work for the registrations. It should include the sale deed, mother deed, approval plan, Khata certification & extract, OC, NA for plots, all receipts for transactions and taxes paid.
Also consider the services of a property lawyer who knows the entire check list that is required to live in a gated community. All people/owners who live in independent villas also need to form a society like the case of building complexes. A local lawyer will be able to coordinate with the registration office and ferret the right paperwork for the buyer. With so many scams and illegal sales being done. So adding the services of a qualified and knowledgeable lawyer for the checklist is a must.