There’s no doubt that the real estate sector in India is growing by leaps and bounds. Particularly when you are planning to buy a property here, there are many real estate companies in Kolkata that will offer your tempting deals. Don’t get blinded by the snazzy promises but choose the right one for you. Here are a few tricks to choose the right real estate developers in Kolkata:
1. Check the developer’s Background
This is one of the first things that you need to do. You must have all information such as the name of the developer, the financiers and promoters. It’s always best to have an overall idea about the structure of the project. Check the past projects by the real estate developer.
Check the delivery record. Ideally, the developer should have completed at least two successful projects. There are a number of new developers entering the market regularly. So, you need to be really careful about it. Before considering about any other developer, you may check the projects developed by us. We have two decades of experience in developing residential projects throughout the city. For more information, visit http://www.unimarkgroup.com/projects
2. Check the necessary approvals
You cannot get into all the legalities that are involved, but at least ensure that you look into major factors such as bank loans, documents related to land acquisition etc. This will give you peace of mind and ensure that the project won’t get affected due to any legal complications in the future.
3. Financial Stability of the Developer
Lack of funds may delay the construction. Often, new and inexperienced developers may use inferior building material due to lack of funds. So, it’s crucial that you check the financial stability of the developer. You may go through business reports, ask bankers or stockbrokers regarding the financial data of the real estate company. Information about the project success and sale of units will give you a rough estimation of the developer’s financial health.
Also, do not forget to check the portfolio of the developer and run a quality check of the construction before buying it. These tips will ensure that you find the best real estate developer and your project.