The real estate developer builds and develops the property which will become your home or your investment. It becomes important to choose a builder who is known to deliver the best quality projects without any compromises. Bangalore is one of the fastest-growing real estate markets in the country. This opportunity is seen by many builders in Bangalore as a highly profitable one. We see many existing and new players entering the industry as most builders want to make the most of the opportunity. But are all of them trustworthy?
It becomes important to follow some tips before choosing the best developer for your property investment:
1. Reputation and Track record
The reputation of a real estate company in Bangalore can be researched online. By studying the reviews of past projects, feedback on timely deliveries, and the quality of amenities and facilities, you can figure out if the builder is trustworthy. Word-of-mouth feedback from real estate agents and sources from the industry will give enough information about the builder’s reputation.
2. Quality of work:
The completed projects display the builder’s work. Visiting the sites of previous projects gives a good idea of the quality of construction, materials used, and design elements. This will set your expectations from the builder and help you choose the one that meets them. For example, if you are looking for 2 BHK flats in North Bangalore it is better to visit similar previous projects by the builder.
3. Financial Stability
The financial stability and reputation of the developers amongst financial institutions are important factors when deciding credibility. This will determine the builder’s ability to complete the under-construction residential projects in Bangalore. If they are not stable the project will be delayed due to lack of funds.
4. Transparency
A reputed builder will always be transparent with the information about the project. The pricing, terms and conditions, progress reports, and delays or risks if any, will always be communicated. The builder’s transparency will help you to trust him.
5. Legal Compliance
The builder and their company should be registered with the authorities as legitimate companies. The builder should have all the credentials, licenses, and permissions from relevant authorities. The projects should be RERA certified and all the legal due diligence should be in place.
6. Customer Service
Evaluate the customer service experience provided by the developer. Is the company responsive to queries and concerns? Do they take the complaints seriously and provide solutions? The answers to these questions will show the developer’s concern for their customers.
Considering the above tips, you can choose a developer who can be trusted with your time and financial investment.