Is Investing In New Projects A Wise Thing To Do?

admin Comments Off on Is Investing In New Projects A Wise Thing To Do?

With the better economic prospects, new enquiries poring in, stable job market, double digit salary increments on card, whole sale inflation easing to 0.11% in December 2014 and availability of easy foreign funding have all contributed in the significant increase of new project launches across India. The new launches are being done thick and fast both in residential as well as commercial sector. With new projects you get an advantage of lower property rates as compared to those currently prevalent in market however you need to be very careful in choosing the right real estate developer before investing. Investing in new projects can be a wise thing if you are vigilant enough and judiciously follow the below steps before proceeding with transaction –

Reputation of a builder should be given high importance

While buying a new or under construction property you must carefully consider the reputation of the real estate developer, ownership pattern of the company, past records in terms of delivering the projects on time, construction quality and the overall business model. Company with diverse business model who cater to both luxury as well as budget housing should be preferred. One such reputed real estate developer is DS-MAX Properties Pvt. Ltd. Based in Bangalore. This firm gives special emphasis on innovation, customer service and competitive prices. It is one of the most trusted worthy and reliable builders whom you can bank on for either investing in new property or buying it for your end use. You can have a look at some of their ongoing projects in North Bangalore like ds-max sigmanest, ds-max skycity, ds-max skyscape, ds max hennur, ds-max Springfield, etc. All of these projects offer state of the art amenities, comfort and spacious living in your budget.

Developers record in terms of delivering projects on time

You do not want to fall in trap of builders who offer heavy discount on market price in their projects and the projects actually never take off. Worst, the projects get stuck in the construction phase and take several years for it to get completed. Nothing can get more challenging than this as you continue to pay your equated monthly installments (EMIs) for on your home loan for the home which has not been delivered to you, you get no tax rebate either on the principal or the interest component of your housing loan and also pay rent for the house that you currently stay in. If this is not all, then you have to waste you energy, time and money running behind the errant developer, hiring the advocates and filling the cases in civil, consumer or competition commission as per the jurisdiction for timely possession of your flat. These cheat builders do not have money to complete your flat but enough amount to drag your cases for tens of years.

The best solution here is to go with credible, effective and reliable property firm like DX-MAX. This firm has great track record in giving timely possession of flat to its customers and treats them like King, which is seldom found in realty industry. Their project ds-maxproperties in Bangalore is one of the best projects in the electronic city of Karnataka that offers spacious 2 and 3 BHK flats in your budget. The project offers best amenities and is well connected to all facilities required for comfortable living such as grocery stores, ATMs, schools, bus depot, petrol pump, malls, theatre, etc.

Categories: Properties