Buying a new home can sound like a fun investment activity as it’s known to yield high returns. Just put in the money and then get back more than your initial investment, right when you sell. Well, it’s not as simple as that. Real estate is not a simple commodity that can be bought and sold in minutes. And unlike stocks, it cannot be traded right then and there, when there is a favorable rise in the prices. One needs to understand that there are tons of factors that deem the real estate property worthy of an investment in the first place. There are multiple aspects in which an investor needs to look into before he/she truly understands whether it’s a suitable investment opportunity or not.

Once you start digging into various details, only then you will understand the complexities & details of the home buying process. There are small details and there are big details. But even the small details can be of great importance and most of the time we forget to check on those. So it’s best to keep a close track of all the details.

There are various aspects that come into play when deciding the value of a property.  There are multiple background checks to be done on various fronts that give a clear understanding of the property, along with shedding light on the issues the property is facing.

1. RERA Number: Checking Registration Number is a must for every investor as it defines the property’s legalities. This determines whether the property is built under proper circumstances and in compliance with permissions granted for it.

2. Real Estate Builder History: One of the major factors that determine the property’s value is construction quality. The builder’s track record is one of the most effective ways to finding out his/her credit in the market.  People who have engaged with the same builder before, may it be partners or customers, are bound to have a good deal of information for you pertaining to construction quality and the builder’s credit.

3. List of Banks Financing the Project: When builders are left with unsold apartments, banks become vary of financing them. There are many builders which do not get bank loans at all. So, once you finalize the property and confirm that all approvals are in place, find out banks which are ready to fund the project and go with the one offering you loan at the lowest rate.

4. Approval and Licences: Once you finalize your property, you need to check the builder’s paperwork. Paperwork entails detailed documentation on various aspects ranging from commencement certificate for work to environmental clearances.

Here is a list of documents you should check:-

  • Title Deed
  • Release Certificate
  • Verify land use
  • Approvals by Local Body
  • Property Tax Receipts

5. Check Apartment Size: Builders generally mention ‘super built-up area’ in brochures. The main thing you need to verify here is the Carpet Area. It is the area excluding common areas like staircase, lobby etc. The carpet area of the flat could actually be 30 per cent less than the super built-up area. For example, a two-BHK 1,000 square feet flat could actually be just 700-750 square feet.

6. Check Actual Site: When it comes to promoting the project, builders often take the liberty to amp-up their offerings; Project brochures and pamphlets usually contain information that is fabricated and phrased in ways that make it sound very appealing and enticing for customers. But try to read between the lines…It may tell about the reality of what the project has to offer. But it’s best to do a site visit and find out what’s what, and do a cross-check with the information you have.

Theses 6 check points will help you procure maximum information that is available and form a holistic opinion about the project and its builder. This will also help you disclose critical information that is usually withheld by project marketers.

BramhaCorp believes in communicating an idea that changes people’s perception for the better. With today’s markets being littered with fabricated promotional brochures/materials, we take extra efforts in communicating our information in a clean and clear manner. We want customers to make decisions that enhance their living experiences with BramhaCorp. And for that, we ensure they have all the information they need to feel confident in their decision making process.  All BramhaCorp marketing material communicates genuine information to all types of buyers and never tampers with the messaging in any sense what so ever.

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Disclaimer

We are currently in the process of revising our website in consonance with the REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 and the RULES made thereunder (“RERA”), which have been brought into effect from 1st May, 2017. Until our website is duly revised and updated, none of the images, material, stock photography, projections, details, descriptions and other information that are currently available and/or displayed on the website, should be deemed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire, including within the purview of the RERA.
You are therefore requested to directly verify all details and aspects of any proposed booking / acquisition of apartments / premises, directly with our authorized representatives. Please do not rely completely on the information contained on this website, until our revision and process of update is complete. Please note, that we will not be accepting any bookings or allotments based on the images, material, stock photography, projections, details, descriptions that are currently available and/or displayed on the website.
Brand impressions, floor plans, layout plans, specifications, images, names, drawings, perspectives, models, graphics, logos, icons and other details herein are only indicative and the Promoter / Owner reserves the right to change all or any of them. Amenities and features of the project listed on the website are subject to change / deletion at the discretion of the Promoter and / or subject to changes on the directions issued by the Competent Authorities. The offerings outlined in those advertisements in whatever form may not be a part of the initial phase / present phase of the project and may be delivered in later phases or on completion of the Project.
This web site material does not constitute an offer and/or contract of any type between the Promoter / Owner and the Recipient, any Purchaser of the Unit / Apartment of the Project shall be governed solely by the terms and conditions of the Agreement for Sale executed between the Purchaser and the Developer / Owner / Promoter and no details / information mentioned on this website material shall in any way govern or cover or be considered as the terms and conditions of such sale.
The content provided on this Site is intended for informational purposes only and is not intended to constitute an offer or solicitation. It is Artistic impression of the proposed project / layout shown on this site and is indicative of how the unit can be used. No furniture, landscape amenities or accessories shown in the visuals are provided with the apartment.
All floor plans, layout plans, specifications, images and other details herein are only indicative and the Promoter / owner reserves the right to change any or all of these in the interest of the development / project. Marginal revisions may be necessary during construction of entire Project in separate Phases. The common areas and amenities that have been shown in any advertisement, audio visuals and/or any type of communication in any form whatsoever is/are for the entire Project and not specific for any particular building or phase of the Project and that the common areas and amenities will not be available on completion of the first phase of the Project or later phases. The common areas and amenities shall be available for the entire project and will be developed in a phase-wise manner, over a period of time.
All apartments about which information is provided herein are subject to prior sale. Prospective purchasers must visit BRAMHACORP LIMITED Sales Office to purchase an Apartment. Despite the efforts of BRAMHACORP LIMITED to provide accurate information on this Site, it is not possible to ensure that all information is correct or up to date.

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