Pune Real Estate Investment – Tips to Pick the Right Builder

  • Posted by: Vidya Kavitkar
  • 31st October, 2020

 

Real investment is a huge deal for most of us Indians. Owning a home is Selecting the right builder for your dream abode is the first and the foremost task in the home buying process. Let us dive deeper and find out how and why?

like a lifetime decision where a good amount of brainstorming is done with regard to the budget, location, and builder and finance options. Here we don’t shy away from taking advice from people around. However many of us may have heard or read a horror stories about someone whose builders doesn’t answer the phone, project fell behind schedule, or abandoned a project altogether. So what do we do to prevent our hard earned money going for a toss?

Well! You may do your research on the finance options available, the locality you would want to invest in but the most critical part in the process of owning a home is finding the right real estate developer. In case you are looking at a property to invest in Pune; the city hosts thousands of projects from various developers. But what is it that we must look at to zero in on one.

Here are a few ways to help you avoid this problem and make sure you’re hiring a reliable developer!

Online Reviews

First, you must check online to learn about your potential developer’s reputation. A good place to start is on social media platforms such as Facebook then you may find reviews on various websites. You should check their customer reviews to see what recent clients have to say. Nobody gets a perfect review every time, but if your builder has only negative reviews; you’ll know it’s time to look elsewhere.

 

Also Read: Why the real estate investment in Pune is rising

 

Customer References

Any respectable builder will keep a list of past customers who can vouch for the builder’s work and character. You should try to speak with a couple references before choosing your builder. This will give you a good idea of what to expect going forward.

Experience

Problems don’t bother experienced builders. A homebuilder who has been around for years has already dealt with a wide variety of construction issues. Whether it’s getting the right permits pulled, or dealing with a lot preparation before build—or even working with clients who want to make changes to the plans, an experienced builder isn’t going to be thrown for a loop. In fact, often an experienced builder can help a homeowner avoid missteps in the first place. A developer who has built a lot of homes has a big database of past successes from which to work.

Success Rate

The number of homes the developer has built and are occupied is a direct reflection of the scale of operation, reliability, quality and workmanship of the builder.

Does the developer meet your needs?

Make sure that you opt for something that meets your needs and the builder that you opt for is offering a home that is in your budget and offering you the amenities and lifestyle that you desire.

Number of ongoing projects

This factor is again a direct representation of the efficiency of the builder. Multiple ongoing projects show that the builder is reliable and has sufficient funding and experience in the field, making them a good option to opt for.

 

Suggested Read: Commercial v/s Residential Investment – All You Need to Know

 

Accreditations and licenses

Look into the license of the builder; his legal authenticity and certification from local and reputed organisations are also important factors to consider. Apart from this, it is always advisable to research on any litigations or legal embroilments of the builder.

Project approvals by banks

Most reputable builders tie up with banks for offering home loans and other services. Projects approved by banks, especially Nationalised banks like SBI are more reliable than others.

Architecture

A builder who has a portfolio of diverse projects, in terms of aesthetics and architecture definitely has an upper hand. Visit the developer’s projects and look into the architecture and spatial planning of the existing and proposed projects to understand what they have to offer.

Structural quality

One must lay utmost emphasis on the structure as undertaken by the builder. The material used like cement, steel etc also the work undertaken on site is of top notch quality. The construction on larger scales is usually undertaken in different phases adhering to predetermined timelines, so make sure that your builder has given you full disclosure of these phases and the varied schedules that they have for the project of your interest.

A good builder is one who maintains time schedules and is constantly keeping a check on the quality and progress of work. There should be transparency in the work schedule, and the buyer should have access to quality checking guidelines, regular updates on the progress of the construction of their homes etc.

Service and Maintenance

Maintenance of homes and the amenities etc should be undertaken by the builder to provide a relaxing experience to their customers.

Developer History and Reputation

It is imperative to assess the developer’s project delivery status. You would not want to be stranded mid-way. A builder with a good growth tangent, history and the one with substantial assets and substantial monetary back up will not cheat you.

Amenities and facilities

While we demand contemporary amenities from the developers but at the same time we must be cautious that developers bait potential buyers with promises of lavish amenities but fail to deliver the same.

So if you are looking for an abode for in Pune, there is one developer that meets all of the above criteria and fits the bill perfectly. We are talking about Namrata Group, is guaranteed to bring a quality living experience in all their residential projects with brilliant architecture and lifestyle amenities. It is undoubtedly amongst the best builders in Pune.

Namrata Group has a track record of being the most reliable and trustworthy builder in Pune and its suburbs (Talegaon). Their dedicated team makes optimum use of the company’s capacities to innovate and use technology to create immense value for the stakeholders. With over 40 years of experience in real estate business, it offers some of the top residential projects in Pune and continues to raise the bar and set new standards in the industry.

One of the top Pune builders, Namrata, always strive for benchmark quality, customer centric approach, robust engineering, in-house research, uncompromising business ethics, timeless values and transparency in all spheres of business conduct. This has helped them in becoming the most preferred real estate brand in Pune.

Namrata Group offers projects for people from all walks of life; from affordable housing to luxury and premium projects. They have created over 150 residential projects and over 8000 happy customers. It has played a key role in the development of Talegaon region in Pune, an upcoming satellite city. So if you wish to invest in Pune’s real estate, residential and under-construction property from Namrata Group is a must check.

Picking the right builder is the key to ensuring you get the property you want on time and on budget. Make an informed choice now!

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