5 Reasons to Buy Home from Reputed Real Estate Developer than an Amateur Property Developer

India is progressing and citizens are becoming more confident than before when it comes to investing on new flats. Government's scheme, developers managing their reputation and flats coming with modern amenities, are further raising interest and confidence in buying a new home. Purchasing a home is a huge investment and there should be no error in any terms during the purchase.

One of the common mistakes which a buyer does is buying from a newly established or amateur property developer. These new developer doesn't have much credentials making it difficult in getting clearance for the land, OC or possession letter. There are more chances of getting cheated because of buying property in wrong location, compromising on quality or unorganised planning. The best thing is to do a deal with established real estate developers in the market.

Let us check 5 such reasons why developer's brand matters during the purchase of a home:

1. No Foul Play in RERA:

For established developers, it is important to maintain a good reputation so that every of their project gets a good number of buyers. First of all, the developer will be registered under RERA, so you don't have to worry about the foul play in the getting the flat. You'll be charged as per the government rules on real estate and with the RERA implementation, it is much easier. A reputed builder will give the promised carpet area. Moreover, the paper work will be as per the norms.

2. Home Loan is Available Easily:

Home loan is an important part during the investment in the home. Banks and financial institutes are aware about the reputation of the builder and home buyers are keen to invest on their project. With the lowest EMI possible rate, banks offer home loan.  Many reputed banks like ICICI, SBI, HDFC have tie-ups with reputed builder for funding. This makes easier to get a home loan under affordable interest rate.

3. Timely Completion:

With the introduction of RERA, one such benefits home buyer will get the project on deadline. Reputed developers ensure that the project goes through a brisk phase for timely completion of the project. They are well-funded, so the delay of the project isn't an issue. Irrational delay of project completion is often seen in under-capitalized builders.

4. Modern Rich Amenities:

Established developers in their luxury project ensure of high-class amenities to match the need of modern home owners. From adequate parking space, modern 24/7 security, clubhouse, landscape gardens, etc. are offered. If you choose a smaller or inexperienced developer, then this luxury may not be offered.  If the project is built in high-class location, then one can expect much more rich amenities.

5. High ROI:

One of the best things about investing in reputed developers’ project is the high ROI in the near future. Generally, these projects are built in demanding locations where there will be a good development in the near future and are close by to commercial areas. This helps in increasing the value of the project and good ROI is expected. So when you look for a flat offered by reputed developer, make sure to know the location.