CHECKLIST

• DEVELOPER/ BUILDER

1) BACKGROUND CHECK
2) INTENT (ITS ALWAYS GOOD TO KNOW THE
DEVELOPER PERSONALLY IF YOU CAN) HIS
INTENT WILL TRANSLATE INTO THE PRODUCT
AND QUALITY
3) NO. OF PROJECTS IN THE PAST AND THEIR
DELIVERY STANDARDS
4) CAPABILITY TO DELIVER
5) FINANCIAL CLOSURE ON THE PROJECT
6) TEAM DEPLOYED: ARCHITECT, CONTRACTOR,
INTERIOR PARTNER, HORTICULTURE PARTNER
7) FINANCIAL RATING BY AN INSTITUTION

• LOCATION (THIS IS A VERY IMPORTANT ASPECT BOTH

OUTSIDE AND INSIDE)
Gone are those days where
appreciation is going to come OUTSIDE:
across the board, it’s going to
be knowledge and product TRY TO BE ON THE MAIN ROAD / MAIN
specific going forward. SECTOR ROAD
Keeping the same in mind I
WHAT PUBLIC TRANSPORT IS AVAILABLE IN THE
have prepared a check list to
VICINITY?
help you decide.
METRO CONNECTIVITY / ON METRO ROUTE
SOCIAL INFRASTRUCTURE AROUND THE
PROJECT:
A) SCHOOL
B) COLLEGES
CONTACT C) MALLS
PHONE: D) HOSPITALS
+91-9873388300 E) SHOPPING ARCADES
+91-9873366670 F) CLINICS
G) CINEMA HALLS
H) RESTAURANTS
WEBSITE:
www.khemkaproperties.in
INSIDE:

EMAIL: A) HOW MANY ACRES AND WHAT IS THE

sid@khemkaproperties.in BUILDING LAYOUT PLAN VERSUS DENSITY
kshitij@khemkaproperties.in VERSUS OPEN SPACES
 B) PREFERABLY 2 TO A CORE TOWER AND
NOT 4/6 TO A CORE
C) TOWER LOCATION
D) VIEW FROM THE TOWER
E) VAASTU OF THE APARTMENT
F) ENTRY FACING
G) SIZE OF THE APARTMENT
H) FLOOR
I) SUN DIRECTION
J) CROSS VENTILATION
K) BALCONY FACING (PREFERABLY
SOUTH/SOUTH WEST)
L) BALCONY SIZE (IS IT EVEN ON ANY USE OR
IS IT JUST INCREASING THE SUPER AREA)
M) ARCHITECTURAL FEATURE: MUST HAVE
SOME USP IN TERMS OF ARCHITECTURE,
PREFERABLY WITH MORE GLASS AND STEEL
AND NO THE USUAL PLASTER
N) OPEN SPACES AND HORTICULTURE
O) AMENITIES
P) CLUB: WHAT DOES IT OFFER?
Q) MEDICAL ROOM
R) NO. OF LIFTS? SPEED OF LIFTS?
S) SIZE OF LOBBY
T) INTERIOR OF LOBBY
U) SECURITY
V) POWER BACK UP

• SPECIFICATIONS:

1) ONE MUST CHECK FOR BRANDS OF

PRODUCTS USED, LIKE AIR CONDITIONING,
LIFT, KITCHEN APPLICANCES, KITCHEN WARE,
CP FITTINGS, FLOORING

• LAYOUT OF THE APARTMENT:

THIS IS A VERY IMPORTANT ASPECT (FOR RESALE /

APPRECIATION / LIVING)
IS THE LAYOUT EFFICIENT? IS THE AREA BEING WASTED?
SIZE OF THE ROOMS, KITCHEN, DRAWING ROOM,
DINING.
WHETHER STORE OR SERVANTS ROOM IS THERE?
ENTRY FACING: E, NE, W, N, NW ARE OK
SUNLIGHT IN ROOMS AND OTHER PARTS OF THE HOUSE
ADEQUATE WARDROBE SPACE
 HEIGHT OF CEILING

• PRICE / PAYMENT PLAN

ALL OF THE ABOVE MAKES THE PRICE

ITS IMPORTANT TO CHOSE A PAYMENT PLAN WHERE

BUILDERS SKIN IS IN THE GAME I.E. POSSESSION
LINKED PLAN 30:70

• PRICE RISE ESTIMATION

WHO ARE THE OTHER BUILDERS IN THE VICINITY?

OTHER BUILDERS LICENSES AND SUPPLY

WHAT IS THE TOTAL SUPPLY IN THAT PARTICULAR AREA

WHICH IS ALREADY THERE OR THAT CAN COME IN THE
FUTURE?

WHAT ARE THE OTHER BUILDER’S PRICE POINTS AND

PRODUCTS WHICH CAN COME?

• LEGAL DOCUMENT:

RERA REGISTRARION,
BUILDING PLAN SANCTION,
BUILDER BUYER AGREEMENT

• GOVT AUTHORITY:

DTP – WHAT IS THE GOVT PLANNING IN THE NEXT 3-5

YEARS IN TERMS OF INFRASTRUCTURE AND OTHER
SOCIAL INFRA (CONVENTION CENTER, STADIUM, PUBLIC
PARKS, ETC.)

• EXIT PLAN:

MORE THAN ENTERING INTO PROJECT ONE SHOULD

ALSO ASSESS THE EXIT FROM THE PROJECT FOR WHICH
ONE HAS TO LOOK AT THE FOLLOWING THINGS:
UNIQUENESS OF ARCHITECTURE
DESIGN
SIZE OF CONDOMINIUM
SPECIFICATIONS
SIZE OF APARTMENT
LOCATION
ACQUISITION COST CONSIDERING PAYMENT PLAN

CAUTION:
DO NOT TAKE A CORPORATE COMPANY ONLY BASED
ON SAFETY/SURETY TO DELIVER, USUALLY THESE
COMPANIES DON’T HAVE ANY LAND BANK OF THEIR
OWN AND THEY ARE DEPENDENT ON JOINT VENTURE
OR JOINT DEVELOPMENT. USUALLY IF THE LOCATION IS
VERY GOOD THEN THE LAND OWNER OR DEVELOPER
WOULD NOT LOOK FOR A JOINT VENTURE, OR HE
WOULD ASK FOR MORE PRICE AND THEREFORE THE
CORPORATE WOULD NOT DO A JOINT VENTURE SO IN
THE END THEY NORMALLY GET INFERIOR OR NOT SO
GOOD LOCATIONS.

ONE SHOULD ALSO LOOK AT THE ARCHITECTURAL

FEATURE AS THEY NORMALLY TEND TO GIVE A VERY
STANDARD PRODUCT AND THEREFORE IT MAY NOT
HAVE ANY USP TO CREATE ANY SORT OF DEMAND
PRESSURE AND HENCE LEADING TO PRICE RISE. JUST
SAFETY OF DELIVERY IS NOT ENOUGH AS AFTER RERA
THE DEVELOPERS HAVE NO CHOICE BUT TO DELIVER ON
TIME.

ONE SHOULD NOT CONCENTRATE ON BROKERAGE

PASS-ON MAXIMIZATION, RATHER ONE SHOULD FOCUS
ON SAFEGUARDING THEIR CAPITAL WHICH IS 98% OF
THEIR INVESTMENT. USUALLY THE FOCUS SHIFTS FROM
THE ABOVE-MENTIONED LIST TO THE BROKERAGE PASS
ON.