Skip to main content

Young Investors Guide - Get Guarantee For Your Investment

Do you know that many A-grade builders in Bangalore are silencing the voice of buyers, by inserting a clause in the ‘buyer agreement’ that forbids buyers from posting anything unfavourable about the builder online and the agreement says that the developer can claim damages from the buyer, in the event of a violation of the agreement. Also there is a sponsored negative brand building against good builders who are seen as threat to earn super natural profit for substandard properties by A-grade builders!


Young buyers are loosing trust and apprehensive about investing money in good properties, because they fear a delay in the project or worse losing their entire investment. But, little education, awareness and precaution can protect you from loosing money, and can guarantee the expectations for your investment.

 PROTECTING YOUR MONEY
  1. Always take a Receipt of the payment that you make. Prefer if you can get it signed by top management.
  2. Make sure the duplicate copy is same as original and taken with carbon paper. Otherwise sign the hand written duplicate copy again.
  3. Read, understand and get a signed copy of return policy. Insist that no deduction should take place in the event of cancellation.
  4. In the case of pre-launch property, insist on return of money with high interest rate in the event of cancellation by builder. Get this done on stamp paper signed by top management.
  5. Keep the copy of booking form and payment cheques signed by top management.
PROTECTING YOUR EXPECTATIONS
  1. The agreement money, along with Sale Agreement, serves the purpose of securing the transaction between the seller and the buyer. Read it carefully and make sure all the commitments made by builders are mentioned in this document. It is a binding document, specifically enforceable in a court of law in terms of the mutual promises of the parties recorded therein. 
  2. Propose and agree upon the penalty clause in case of delay and get it documented in sale agreement.
  3. Make sure all the advertised specification with fine details are listed in construction agreement.
  4. In the event of resale of under construction property, most builders allow endorsement of their Sale Agreement with the first buyer - now seller - in favour of subsequent buyers subject to a transfer fee being paid to the builder. Be aware of TRANSFER FEE and get this written in agreement if you agree to it.
  5. In case of pre-launch property, a sale agreement can not be made, insist on an Investors agreement that records the usual terms of an sale agreement, such as the total consideration, the time period for payment of balance consideration, description of the property, etc.
Property buyers while investing with CMRS Group are well protected with fool proof Investors Agreement on stamp paper and transparent accounting practices. First-of-its-kind Investors Agreement offers a risk free investment with full refund along with high interest rate in the event of cancellation. Also, the buyers is assured on stamp paper of accurate specifications as advertised even if the property is in pre-launch state. Such practices build trust and enables a buyer of risk free investment with guaranteed expectations. 

For any property guidance, free legal advice and any other assistance while buying a property, feel free to call at  +91-7676-122-000 or send an mail to info@cmrsproperties.com
Labels:

Comments

Post a Comment

Popular posts from this blog

How Green is your Luxury Home?

Do you know that a Green Home consumes 25% less water and saves upto 40% less electricity? It means that you will save atleast one fourth of water tankers standing in your villas or apartments and face less diesel crisis in case of longer power outages. Obviously, you also save lot of moolah in your maintenance cost. Luxurious Green India's super luxury homes are now defined by a life with no compromises.  Apart from an address that will make others turn green with envy, they also offer a Green lifestyle along with well equipped gymnasiums, swimming pools and gardens, complete home automation, and advanced home security systems.  Today’s Indian luxury home buyers are willing and able to pay extra premium, for a desire to stand out and be ‘a cut above the rest’, for super-luxurious green homes wherein price is not a constraint. How to Buy Green? First and foremost, look for a builder that has a view point on resource management. A builder like CMRS Group, which is...
1 comment
Read more

Row Villas are a New Fashion in Bangalore Realty?

Villas continue to be a dream home for many, but they remain pricey at good locations. People choose to buy high end apartments instead, but Bangaloreans are queuing up to buy Row Villas which are located at premium locations and costs the same or lesser than high end apartments.  For example, CMRS Couryard ( http://cmrsproperties.com/views/courtyard.html), located at Varthur main market near Forum Value Mall is a big hit among buyers.  Row houses Properties come in the category of urban homes, which are located in the same area and are coherent with each other in architecture, design, and appearance.  Row villas are premium segment of row houses. The row houses segment, though less in the overall market size, saw the highest increase in sales velocity in Bangalore with a rise of 23 per cent and only 9.4 months inventory. A clear indication of the growing demand for this type of property. Advantages of Row Villas: Costs less than villas with private gar...
Read more

Occupation Certificate (OC), the Hot Item which is rarely SERVED by Builders

Do you know  the BDA had sanctioned the building plan and issued CC and OC for Mantri Tranquil project, but BESCOM disconnected the electricity finding the violations? The reason, t he BDA ignored the fact that the project was within BBMP limits and that the two blocks of the Mantri Tranquil were built on the storm water drain! T he fact remains that the property buyers don't know the importance and meaning of occupation certificate in its true sense. This information asymmetry allows a builder to take customers for a ride. It can be assumed and granted that the small budget homes will be made with little deviations and occupation certificate for the same should not be expected. Such homes have to wait for akarma sakarma to pay the penalty and regularise the construction to get the occupation certificate. But how can you forgive the builders, who charge upwards of 75 lacs and do not provide valid and appropriate occupancy certificate? Without OC, the buildin...
Post a Comment
Read more