Tuesday, October 21, 2008

Checklist when buying a House?

  1. Track record of the builder
  2. Clear land ownership
  3. Approve Matser Plan
  4. Sanctioned building/floor plan
  5. details of carpet area, built up area and super built up area
  6. Terms of agreement allotment with respect to Forfeiture , handing over possesion and remedies in case of delays, composition of total cost, provision of cost escalation
  7. Provsion for services: electricity/water /sewarage/drainage/roads/parking etc
  8. Maintanence charges
  9. Completion schedule and possesion date
  10. post construction warranties
  11. grievance redressal mechanism

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