Points to be looked by an investor while purchasing a Real Estate Property.

 While purchasing a property, it is needed for the investor to look into certain points
1. Prior registration of the project in the real estate regulatory authority- it is necessary to
check that whether the real estate project has been registered under the Real Estate
Regulatory Authority under section 3 of the RERA Act, it is necessary that the Real Estate
project is registered in the RERA
2. The project must be completed in accordance with the plant and layouts sanctioned by the
RERA. Minor altercations can be ignored if it is done with the consent of the Allottee.
3. The promoter must get have certain types of insurances as per notified by the government.
4. The promoter must have the title of the land on which the real estate project is being
constructed.
5. The investors must look into the sanctioned plan and layouts to ensure themselves regarding
the project. They can get hold of the projects by exercising their rights mentioned in section
19(1) of the RERA Act.
6. The investor must check whether the land on which the project is commencing is legal and
the title of it is with the promoter.
7. The investors must check the CIBIL ratings of the directors of the company. This done to
know about the reputation of the company in the credit market where the company can go
to raise fund for completion of projects through the mode of loan from commercial banks.
8. The investors must go through the financial statement f the company i.e. balance sheet,
profit and loss statement, etc. to know about the financial status of the company.
9. The company must look for the reputation of the company in the market. This can be done
by looking over the case filed over the builder. The information about the cases can be
obtained from the websites of the different courts.
10. It is necessary for the investor to make sure that the promoter has disclosed every
information material to the property in deal. in other way, it is also the duty of the seller to
disclose every material information regarding the property to be sold. (section 55 of Transfer
Of Property Act, 1882)