Chennai is one of the major metropolises of India, and it is called the gateway to South India. If you live in and around the city and looking to buy a home, it has to be the biggest decision of your life. Real estate is on the boom in the city, and there are many flats for sale in Chennai that you can buy.
Other than arranging for a home loan to fund your dream home and other aspects, a major thing that you need to focus on is the timely possession. You could see many flats for sales in Chennai, but delayed delivery is a common problem in India as well.
The Real Estate Regulatory Authority (RERA) has eased out and regulated real estate delivery. Still, delayed flats delivery is common in India. Thus, if you are to buy a home in Chennai at Casagrand Ferns or any other location, you should ensure to get the timely possession of your property.
In the same context, this post is created to help you know some tips to get the timely possession of your property in Chennai and elsewhere.
Reasons for the delayed delivery of property
Some of the most frequent causes for late delivery of real estate projects in Chennai and other metro cities are:
- Improper planning and coordination
- Lack of commitment to deliver on deadlines
- Unfavorable and uncontrollable economic scenario
- Poor labor management
- Delayed approvals from local authorities
- Shortage of supply materials
- Lack of skilled workforce
- Over-dependence on contractors
- Poor cash flow management
Tips to ensure timely delivery of flats in Chennai
Here are some vital tips that will help you get the timely delivery of property in Casagrand Ferns in Chennai and other locations. Have a look:
The reputation of the builder
Before deciding on a builder to book your dream home in Chennai, the first thing that you should do is check the reputation of the builder. Has a particular builder been able to deliver its previous projects on time or not? Also, it should be your prime duty to check the number of years the builder has been active in this field. Too many offers and deals from builders could also be a red flag that it is luring you to sell flats.
Builder’s financial capacity
The financial health of a builder is a strong indicator that it has things in it control and there will be no delayed delivery due to money matters. Any builder without sound financial background is also a sign that you won’t get timely delivery of your properties.
As discussed earlier, ask your builder about the number of projects that it has delivered on time. Apart from the claims made by them, you should also search online on real estate blogs about their track record.
Go through the sale agreement
You should also scrutinize the sale agreement of the builder shared with you and be clear on all the terms and conditions. You should also visit the construction site or address of your new home and check on the progress from time to time.
Thus, considering the discussed tips will help you stay alert and get the timely delivery of your dream home. Casagrand Ferns is one of the major real estate/villa developers that can help you get the timely delivery of your flats for sales in Chennai.
From finding the right home to getting in-person assistance for site visits, to availing a loan and getting documentation assistance, Bajaj Finserv Homes & Loans help you do it all.
You can also approach a lender to grab a home loan at a lower rate. It will help to fund your home if there are some financial constraints.