Developer’s reputation:
Purchase property from a reputable developer that shall ensure a project will be completed on time will not be abandoned during difficult times.
Quality:
Find out the track records achieved, workmanship and project maintenance standards to ensure that you get value for money.
Facilities:
Good amenities and facilities that ensure convenience and comfort.
Finance:
Choosing the best housing loan package will protect your interest in the long term.
Ability to repay the loan:
You have to service your housing loan for many years to come and should buy within your means.
Letter of Allotment:
Never forget to collect theetter of allotment will be issued to you together with the receipt for the initial booking fee.
Execution of Sale & Purchase Agreement:
Execution of the S&P Agreement must be done within 30 days from the allotment date. Thereafter, within 20 days after signing of S&P Agreement, the then other installment payments due as spelt out in the agreement.
Letter of Offer on Loan:
Upon approval of your housing loan, a sanction letter will be issued by the bank, of which required to be accepted and acknowledged by you quickly.
Installment Payment:
Once the loan documents have been completed, the bank releases from the housing loan to pay the installment payment according to Schedule of Payment annexed to the signed S&P Agreement.
Handing Over of Possession
Upon completion,you will get a notice of handing over of possession of the unit. Handing over of possession is subject to payment of the full price and all outstanding dues as mentioned in S&P Agreement.
Collection of Keys:
builder will issue a release letter to release the unit keys to you and to assist you taking over of the apartment and subsequent moving in.
Defect Rectification:
All defects lodged throughout the twelve (12) months from the date of handing over of possession will be attended to by our CFU personnel. Any defects reported during this period not arising from your own actions will be rectified by builder.
***This are general tips regarding for buying property in kolkata, these may vary according to builder.
