Under Construction Property is most profitable for builders as they charge hefty premium on same compared to prevailing Market Rate. In my post Resale Flat or Under Construction Flat - Which is better? i highlighted pros and cons of both Resale & Under Construction Property. Though i am not concluding either in favor or against under construction property but i would like my readers to take informed decision to avoid future shocks. At the end of the day, its your hard earned money. Before you sign below the dotted line, Please go through following 7 critical points related to Under ... Read More
Why Under Construction Projects get Delayed?
The biggest worry of any buyer in Under Construction Project is delay in Possession of flat. Lets take the case of one of my reader Mr. Rupesh Shah from Ahmedabad who sought my advice in this regard. He booked a flat in 2008 from very reputed builder in Ahmedabad. Builder promised possession of flat by 2010, when Mr. Shah was planning to get married with his childhood love. The couple wanted to start their new life in new house. In 2014, the couple is blessed with 2nd child but still they are awaiting possession of their dream house. Mr. Shah's case is not an isolated case but very common ... Read More