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With new age technology houses are also being sold online through a click of the mouse. In such a case be prepared to land into several surprises which would not be there if you meet the builder and get answers to the relevant questions. It is always recommended that you get the answers first to these questions and then decide whether you would go for it. Here is the list of questions that you must ask the builder:
1. Status of the title deed: You must ask whether the builder has purchased land or has entered into a Joined Development Agreement. Joint development agreement can cause legal issues later on. Also ask whether the builder has taken loan on the land to build the property. In such a case reselling a property requires permission from the bank.
2. Where is the construction being done: Ask about the locality of the construction and visit the place before deciding anything. Find out how the place is accessed and what modes of transport are available.
3. How many flats are sold and how many are available: Often the builder avoids this question saying there are only a few available flats and prices are going up to make you buy in a hurry. Don't be fooled by the builder's words and find out what the real scenario is. You can also check the online forums to get a clear idea.
4. Carpet area versus the super built up area: Modern township projects and apartment complexes are constructed with a lot of amenities like gardens and swimming pools. Remember that the space for these amenities will be subtracted from the super built up area based on Undivided Share in Land. Ask for the carpet area as this may not be present in the agreement.
5. Does the prices vary based on the floor and orientation: Prices may increase as you go up in the building or it may depend on direction in which the house faces, e.g. south facing houses may cost more due to more breeze from the southern winds.
6. What are the facilities and amenities provided. How is the car parking allotted.
7. Mobile tower/hoardings: In apartments the right to the terrace use is often kept with the builder. Ask whether the builder plans to sell the rights to mobile tower companies or for hoardings. In such a case, the living experience reduces by up to 20% on the top floors.
8. Who will maintain the project after completion. When and how the maintenance will be handed over to the association.
9. What happens after the booking is complete. When will the formal allotment papers be handed over. What is the payment schedule after booking. When will the sale agreements be signed.
10. Is it possible to modify the flats after sale. If so then how much modification is possible. Is it possible to combine two flats into one.
You can ask these and several other questions that are relevant to your buying the house. You should also consider taking the help of a real estate advisory service who can guide you through the home buying process.
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