How do I choose the right property developer?

Selecting a reliable property developer is crucial for timely delivery, construction quality, and future resale value. Consider:

• Reputation & Track Record: Look for established builders known for on-time project completion and transparent transactions. Online reviews, RERA records, and word of mouth can offer insights.
• Financial Stability: Ensure the developer has robust funding and minimal debt to avoid cash flow issues. Publicly listed companies often disclose finances, while private ones should provide verifiable documents.
• Project Portfolio: Assess past and ongoing projects, focusing on construction quality, amenities, and resale appreciation.
• RERA Compliance: Check if the project is RERA-registered with an approved layout, deadline, and escrow details. This mitigates completion risks.
• Customer Support: A builder’s approach to after-sales service, maintenance, and warranty can indicate long-term reliability.
• Legal Clearance: Confirm the developer holds clear land titles, necessary approvals, and environmental clearances.

By conducting thorough due diligence, buyers minimize the likelihood of delays, disputes, and hidden costs, ensuring a secure and profitable real estate investment.