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Questions to ask developers before investing in their property

Questions to ask developers before investing in their property - Urban Skyline - Blog

On 12th April 2022, By Admin

For many of us, buying a home is the most significant achievement and accomplishment of a lifetime. We save money; we take home loans to fulfil our dream. Apart from financial security, it’s more of an emotional achievement. However, before signing the actual papers, we should research and find  reasons to succeed in the buying decision. We should be well-versed about the whole process before signing on the dotted lines. Here’s a concise guide to know about the property in detail.

 The actual cost of the property 

If you are booking a flat in a new launch project, you have the chance of getting offers and discounts. However, if the property is ready-to-move-in, the prices are different from the pre-launch phase. Hence, ask for the cost details, including development fees, GST, preferred location charges, statutory charges, and parking rent.

 Check with the possession date

Before investing in real estate property, check if the developers have the reputation of delivering homes on time or not. In addition, check whether the project is RERA-approved or not. According to the RERA guidelines, builders must comply with the rules, i.e., deliver the project on schedule as promised. A written document related to delivery time ensures move-in date on time and thus causing hamper in financial investment.

Make sure with the legal documents 

Some of the vital documents you must verify include the Title Deed, Building Approval Plan, Commencement Certificate, and RERA Certificate. Also, check whether the E-certificate, the Release Certificate, Building Completion Certificate, and local Municipal Corporation approvals are in place or not.

Know about facilities and amenities you are getting  

Several residential properties offer a wide range of luxe amenities, including recreational, eco-friendly, and health amenities. But, it would be better to visit the site and check with security management, garbage chute, parking facilities, power backup, and lifts. Therefore, it is crucial to know about the project before buying one for yourself.

Urban Space Creators has launched a new residential project named Urban skyline phase 2, a new property for investment in Ravet. It offers resident-exclusive amenities for upscale living such as state-of-the-art security features, ample open spaces, medical facilities, recreational amenities like an infinity pool and glass-covered sky deck, among others. Urban Skyline phase 2 calls for a panoramic view from your abode with exclusive heights. In-complex amenities and convenience make lifestyle exclusive in the truest sense in Urban Skyline.