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Flat Dreams-Checklist



It is every middle-class indian's dream to have their own flat.They usually end up investing their life savings in it or take debt for it.Before investing in a house and putting your life savings into it, do refer the following check-list which will help make an informed decision about what kind of builders to choose/avoid and indemnify against risk of being duped.

  • Reputation of builder
  • Past court cases against builders
  • Is the builder RERA certified
  • Past projects and track record of completion
  • Whether OC was provided to previous buyers
  • Whether flats are being sold in the project or there is piling unsold inventory over years
  • Whether any other projects are ongoing in same vicinity by the builder.If yes, there is likelihood of your money being used for this project as against the one you booked your flat in and completion might get delayed.
  • What is the stage of the project-Makes sense to book those close to completion because it is less risky for customer and builders usually complete them
  • Whether the builder will do work related to fitment and internal basic furnishings at no extra cost
  • Whether there is a cost escalation clause in the agreement and whether you will have to pay extra if cost over-run happens


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