Checklist when buying under construction property:
Whenever you are investing your hard earned money in buying off-plan property in Indore / under-construction property in Indore, there are a number of things you should check, as sometimes, a place may have archaic laws, corruption, greedy builders, and many people out to make money – at your expense.
Some builder may start the construction without having all necessary approvals. The NOC may be missing from some Government department. The construction may not be as per approval. The agreement between the builder and the owner of the land may be a problem.
To safeguard your investment, you should
- Buy properties in projects that are approved by a reliable bank like HDFC, ICICI, SBI etc.
- Hire a good independent lawyer, and
- Checking an older construction of the same builder
- Use the services of a trusted real estate agent
At PropertyinIndore.co.in, we are in a position to use our experience and local knowledge to help you. Please contact our local Indore office in Madhya Pradesh (M. P.) immediately to help you buy real estate of your choice.
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- Check your Finances before you start
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- Capital Gains Tax on Property
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- Carpet Area, Built-Up Area and Super Built-Up Area
- Popular Area Conversion Ratios
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- Checklist when buying an under-construction property
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