Whether you are an Indian or an NRI, there are two essential things you need to check for before investing in any property.
Type of property
NRIs want to invest in luxurious homes as they are earning great amounts abroad. Seeing this demand, real estate developers are building more and more high-end projects, specifically for NRIs. If you are planning to invest in such big investment homes, you need to check properly the quality of building materials and its resale value. Also make sure that all the conditions of building the property have been met by the builder.
Builder's record
There are many fraud builders come up in the market. So, it is essential to check the background of the builder - his past records, his earlier transactions and his reputation in the market. Ensure that the builder has all the legal documents required and permission to build up the property. Make sure he hands over all the proper documents to you before investing in his property.
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