Key Questions to Ask to Real Estate Agent before Booking for New Apartment in India

Planning to buy a residential project that is under construction? Here is a ready list of questions that you should ask the real estate agent and some Tips to book new apartment that you should keep in mind. Get a proper answer on each of them and then go ahead with the payment. However estate agents are legally bound to tell the truth, so you need to make sure you ask the right questions to find out what the real situation is. It could make the difference between buying a dream home and buying a faulty property.

1) Where is the proposed construction taking place, how is it accessed?

2) Are there any flats currently available and what are their sizes?

3) Is there a differential pricing policy based on floors or the orientation of the flats? (Higher floors and premium orientations may cost progressively more)

4)Any modifications permitted in the flats? If yes, what kind of modifications are possible and what is the procedure to action the same?

5) Can multiple flats be combined to make a single flat?

6) What are the common facilities and features provided in the residential complex?

7) How is car parking allotted? What are the options?

8) When will be my flat handed over to me, in a ready position. When can I start the other fit outs? If there is a delay in hand over, what is the compensation that the buyer is entitled to?

9) How do I initiate the booking of the flat?

10) What happens post the booking formality? When do I get a formal allotment? What is the payment schedule post booking and how time bound is it?

11) What is the extra charges payable by me apart from the flat cost? Clarify this in writing. Make sure that you will not pay more than you promised in the future.

12) When the registration will take place? What will be the expected government circle rate then? (This will help you prepare for the stamp duty funds in time, even if it’s a rough estimate)

13) who will maintain the project post-delivery?

14) Whom do I get in touch with for future status updates, queries and interaction about my flat and the project?

15) How long have the owners lived there?

16) Has the property repeatedly changed hands?

These questioned should be air cleared by your side.

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