Real Estate Investment in Gurgaon: To-Do List Before and After Investment

Posted by Erric Ravi on December 31st, 2018

Undoubtedly, Gurgaon has fetched a lot of attention because of the robust developments that are collectivity pushing its importance and the existence of biggest IT hub, MNC’s, top-notch residential projects and of course, rapid metro, metro, closeness to IGI Airport adding its importance to pique the standard of Gurgaon.

If you are looking for a property in Gurgaon then investing in flat on Sohna road Gurgaon is a great option. However, Sohna road provides you with a lot of options, and while it is true that there are some builders who have duped customers, it is also true that there are several builders in India who follow the complete legal procedure and are honest to the business. The question is what should be done in order to protect yourself from being tricked. Here are a few things that you can do to ensure safe investment:

Verifications to be done before Investment:

• Request for the building plan sanctioned by a competent authority

• Ask for construction commencement certificate granted by Corporation / Nagar Palika.

• Ask for a copy of the title report for the last few years and a copy of the original agreement with the builder.

• Verify the original documents of the property where the title of the Vendor is clearly stated, if possible. If you cannot be present physically, ask for a copy of the same.

• In order to ensure that the price and commitment of the property are original, try to buy it directly from the builder and avoid intermediaries.

• Verify the track record of the builder. In order to do so, you can either check social media or real estate online forums. This will help you in knowing if your builder has been accused of any malpractices in the past or not.

• If possible, talk to the existing customers online to know if they are satisfied with their investment or not. In case yes, then how satisfied.

• Ask for the building completion certificate, in case of ready to move in property.

• Instead of full payment, prefer to go with construction link payment

In case you can’t do all the above-mentioned verifications then take a loan from a reputed private bank like HDFC and they, on your behalf, will check all the documentation of the property before disbursal of loan.

Things to be taken care of after Investment:

• If construction is underway, visit the site as often as possible and in case you can’t then have your friends and family members attend the site.

• Ask for a regular work progress report.

• In order to know the project status, visit their website at regular intervals
  
  

Keeping all the factors in mind, Ashiana Housing has structured their policies in a way so that dwellers get the best experience. They have over 35 years of experience in the industry with over 8740 flats delivered till date and awarded as “One of the most promising companies of the next decade” (2015) by CNBC Awaaz. Moreover, they have been rated by Forbes as “Asia’s 200 best under a billion dollar company” twice in a row (2010 & 2011). They believe in complete transparency; complete information is provided to the investor. They even send monthly and quarterly reports with photographs of the work to the customers. You can check out their 2BHK flat on Sohna Road, Gurgaon by the name of Ashiana Anmol.