So, when you are searching a residential property in an area like Ghaziabad, you should go to the properties built by top real estate developers in India.
All housing projects in Ghaziabad are not fraudulent, yet it’s not easy to predict the honest one. If you want to keep your peace of mind and money safe then read this article to learn the tips which tell you to filter out the fake people.
Indefinite extension of floor area ratio
Generally, developers cheat the people by extending the available area of land suddenly. It is a very common practice among the builders of Ghaziabad to fool the people. To get their projects sanctioned by the local authorities, builders submit the project with different land area.
However, to please the customers, developers promise for open space to the buyers. At the time of completion, builders suddenly increase the space to increase the number of flats. This way they make huge profits without approval.
Since Ghaziabad is a place near to Delhi, this kind of fraud is prevalent here. Property rates in Ghaziabad are cheaper than other NCR cities which encourages the buyers to prefer this place over dense cities near Delhi. Allotment of open spaces is an illegal practice. It demands the consent of people who are purchasing properties in their project.
Check Completion Certificate
Not top real estate developers in India, but there are some builders who avoid obtaining the completion certificate for their projects. This way they tend to construct illegal flats in their projects. It can be a disastrous thing if you own a flat without completion certificate.
Such projects can face legal action in the future as it falls under the litigation. Though, it won’t create much trouble for you yet, it will rob your peace of mind. So, ensure taking completion certificate while your flat is handed over to you.
Immediate allotment of Common area is required
Some common areas are allotted in the residential properties. It is important that it should be ready at the time of possession. So make sure that you get it allotted when your flat is handed over to you. The laws of this space are set by the association formed after you start living.