In edition 1, we discussed about
the ways that will help you shortlist real estate projects before buying. In a
market full of real estate builders and projects, it’s difficult and
overwhelming to choose the best out of the lot.
However, choosing the best white cement manufacturer and other construction materials isn’t a big task as MP
Birla Cement is the frontrunner in concrete game. When it comes to the durability
of concrete and endurance of their construction materials, MP Birla Cement
is unbeatable.
Let’s resume detailing the important
parameters to help you in quick shortlisting of projects:
·
Comparison of Master
& Floor Plans
Going at the higher
level, analyse the detailed master plan and floor plan of the building. Take
into account the number and height of towers, number of floors, apartments at
each floor, and then shortlist the project if it suits your preference and
needs.
Check and compare the
super-built area against the carpet area and see what’s available for
consumption. Higher the better! The number of rooms, balconies, utility area,
servant rooms, bathrooms, and bedrooms available in each flat should match with
what your preferences are.
·
Building & Nearby
Amenities
Whether you’re single
sharing the flat with your mates or a family with kids or without kids, make sure
you make a detailed list of must-have amenities to be surrounded with, at all
times. For families with/without kids, it is great if the building has sports
and fitness-related amenities like Gym, Jogging Track, Courts (Badminton,
Basketball etc), Toddler Swimming Pool, Kids Play Area, Creche etc
For families living
with elderly, it’s good to have a lawn, small park, yoga/meditation area, medical
store, in-house doctor’s clinic, and a reading lounge or library. Another
crucial prerequisite to look for is the provision of ample parking space for
every flat owner with ideal 2 spots for each a 4-wheeler and 2-wheeler.
·
Compare Bank Loans &
Payment Schemes
Always make sure you
check and compare the list of associated banks with the project offering home
loans. Prefer the one that has tie-up with PSU banks like SBI, PNB, or
Allahabad Bank as these banks have a more diligent process of checking
documents and the builder’s history where private banks are lacking. PSU banks
also carry lower rate of interest and easy payment schemes.
·
Mandatory Clearances
Yet another important
criterion for shortlisting a project is the necessary clearances. Check whether
your builder has acquired necessary clearances in order to operate as a
provider and if these clearances are available to check on request.
Some of the important
clearances to check are:
o
Land
Registration or Title Deed of the property (in the name of Builder)
o
Encumbrance
Certificate (certifies property is free from legal dues)
o
No
Objection Certificate (given to Builder from land Seller)
o
Fire
Department NOC (to be obtained during pre-construction phase)
o
Environmental
clearance (to be obtained from state Pollution Control Boards)
o
Commencement
Certificate (certifies commencement of construction)
·
Completion Timeline
Check carefully for the
project completion date and never believe on the verbal dates told by the sales
person in their pitch. Usually the verbal dates committed always exceed the
actual completion time. Check and believe the time mentioned in the sales
agreement and the grace period beyond which the builder is made to compensate
you.
Apart from above, make sure you
check for the quality of construction materials used, durability of concrete,
and others because these factors ultimately decide the endurance of the
building. Make sure you look for the tag of trusted white cement manufacturers
to never regret your decision.
