Choosing a builder is a big decision for any property buyer. This becomes even more crucial in Bangalore as property purchase could be a minefield of regulatory and legal issues. Don’t go just by the 3D models, glossy brochures, advertisements, sample apartments and promotional offers made by sales representatives.
First identify your position and needs
Don’t jump the gun and finalise on the builder before equating your financial position and your needs. Before zeroing in on a builder, you should get your maths right and decide on how much financial liability you are willing to take. Also, give due consideration to the location – travel time to office, your child’s school, closeness to commercial areas, resale value, rental income that you can earn, etc. It is advisable to prioritise your needs and financial position before finalising on a property and the builders in Bangalore.What to research about builders
Spend enough time researching about the property and the builder. Spend time to collect all possible information about the builder. Study the track record andthe ability to deliver on time. Collect information on completed projects andconstruction quality and check if the builder is involved in any legal issues.The financial strength of the builder is anotherinformation you should collect. If they are a small-time builder, go an extra mile and research about the prices in nearby locations. Check with other buyers on the payment terms made, mode of payment, buyer seller agreements,etc.
Where to look
The internet is a wonderful medium to research about a builder. Check property portals, the builder’s website, discussion forums, reviews about the builder, social networking sites, consumer complaints and other forums. This can give a detailed background about the builder.
Size and feedback ratio matters
Most buyers prefer renowned builders. Usually, large construction companies in Bangalore take care of all the legal and regulatory issues and construct by providing all the required amenities. A good brand name can alsofetch you more value if want to sell the property at a later stage. Big builders also tie-up with various banks and come with preapproved loans.
Small isn’t bad
If your needs don’t require all amenities that a big builder is offering, or if you have budget constraints, crosscheck all the details thoroughly and go with a small builder. Sometimes, small builders can offer you flats and houses for real value of money and in much better localities.
Understand management background
Collect your details regarding the builder’s management, their values and ethics. It is definitely better to go with a builder with good ethics than the one without.
Main builders in Bangalore
Some of the major construction companies in Bangalore who have numerous Apartments in Bangalore are Shobha Developers, The Brigade Group, House of Hiranandani, Mantri Developers, Sterling Developers, SNN Builders, Ozone Group and Purvankara.
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