The Art of Choosing the Right Builder in Chennai

Chennai is witnessing unprecedented growth in regards to real estate, and the present scenario looks perfect for home buyers. Be it the tax benefits, rate cuts, attractive payment schemes or RERA, everything seems to favor the property buyers. If you intend to take advantage of this homebuyer friendly environment, then it is time that you start looking for a reputed builder in Chennai. Keeping a count on the number of builders in Chennai might be second nature to us at My Property Boutique, but for a layman, it might be too big a count. Hence, it is extremely important that you choose the right builder to buy your house in Chennai.

Here are a few things you should keep in mind before choosing the right builder in Chennai: -

Reputation Check

Everyone loves doing business with reputed builders, be it Chennai or any other place. It is vital that you conduct a background check and reputation of the builders in Chennai. As a buyer, you can easily do a search on the internet. A search on the projects that builder has completed should also be checked and the best source for this are the residents that living in the completed projects. A list of ongoing projects and future projects can also be prepared to aid the background check.

License

Like most big industries, real estate sector require builders to have relevant licenses to undertake construction of projects. The license acts as a proof that the builder has complied with the permits and obligations deemed necessary by the city council, state or central government. So, your search for the best builders in Chennai should include checking the license of the builder. This will ensure that there are no legal complications in the future.   

Track Record

Reputed builders in Chennai will have a better track record over builders that have just entered the real estate market. An experienced builder will have the paperwork for every project up-to-date. Look for a builder that is a member of Confederation of Real Estate Developers Association of India (CREDAI) or Builder’s Association of India (BAI). These bodies have set strict norms about the quality and transparency, which the members are expected to follow.

Transparency Is Critical

The best builders, not just in Chennai but all over country, work with full transparency and are happy to answer every question right from the start. Such builders will give you a timeline and a comprehensive estimate of project completion. They will also answer your question on the products they use and the relationship between the contractors and the all different people who will help build your home. If the builder has problem answering your questions, it is advisable that you look for another builder.

Project Quality

Always look for signs of quality construction and the attention to detail when you visit the house for inspection. Also, consider the construction materials used by the builders. Are they brands that are known for their quality? It is vital that you check the quality of the projects the builder has constructed in the past. This gives you a clear understanding of the standards of the builders.

Compensation

Builders are known to have an agreement that assures penalty for delayed possession. Although, cases are rare in which damages have been claimed and given but the presence of the agreement provides peace of mind to the buyers.

Resale Value

Reputed builders in Chennai carry enough goodwill in the market that the resale value of their projects tends to hold if not appreciate. Check the classifieds to find ads that mention the name of the builder for a home for sale that is five to seven years old, as the seller is banking on the goodwill of the builder to get a good price for the house.

Buying a house is a major life decision, and once you have gathered all your information, take all the time you need and carefully consider which builder will really be the best for you. Not only will you be able to choose the best builder in Chennai that way, but you will have your dream house at hand.