Gurgaon Today: Real estate updates

rikhyevikas

Vikas Rikhye, Real Estate Blogger

Fast growing new township of Gurgaon has become a favorite destination of investors. Its not only traditional investors, but more of new investors are in the race ,who wish to make quick money & exit. Investing in real estate is a complete study in itself, based on experience research & market analysis.
Therefore, it is important to check the facts before investing, seek clarification and share the views. As stated in my article dated 2nd August 2009 “Check the facts before you invest”, I would like to emphasize, that besides checking the infrastructure growth rate of the area, the investor should also check the following:
  • Land : Ownership proof of builder
  • Project Approval with valid License.
  • Approved & sanctioned construction plans
  • Past performance of the builder.{ reference of projects delivered in the past}
  • Financial Status of the builder { Account Balance sheets for at least last 2 years}
  • NOC of dues from Government authorities .
  • Banks financing “Home Loan”

Usually , financial institutions like good banks, check the credibility of the builder at their end, but sometimes few important facts are ignored, for the reason better known to all concerned. It is therefore, suggested that the prospective investor should find the fact at his own level by exercising the tool of RTI {Right to information}

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Also read the related article: check the facts before you invest

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