You Need To Read More Into These Builder Claims

The market is full of competitors and real estate developers have to run their branding pitch high to attract the attention of home buyers. While doing so, promises to offer the best-in-class everything are made, and at times, supported with evidence. Make sure you comprehend the inferred meaning of such statements:

We deliver before the deadline

Though there are cases of ludicrous claims, too, we must give them their due here. A developer would like to finish a project within a timeline and be on his way to construct another. That is a basic requirement for running a successful business while maintaining credibility in the market. However, when it comes to completion of projects, not all is in developer's hand. Real estate projects are often delayed because the time spent in receiving a number of approvals from different government agencies can go way beyond a developer's expectation. Even if you invested with a trusted name, promises of on-time delivery must be taken with a pinch of salt. 

We give what we show

The project brochure spoke of using only Italian marbles for the flooring, Oak wood for the doors and bathroom fittings from a global sanitary brand. It also said that each unit would have access to sunlight and will be well-ventilated. It elaborated on the point that you will be enjoying a green living because the area is “pollution-free”. Well, even if the promises about the flooring and wood used are kept, ensuring that sunlight reaches each unit in a project might not be in the hands of the developer. The number of trees within the society premises is also no guarantee that the green quotient of the area will be high.

Also read: 13 Things To Know About Agreement To Sell

We give your money back if you are dissatisfied  

Developers deliver this line largely to impress upon you the fact that they are genuine, and they are not going to run away after you sign the cheque. But, in case the deal fails and you do come back demanding your money back, there could be chances that you will be given a list of things for which you owe the developer.

We guarantee returns on your investment

Well, one cannot fix a timeline within which your investment will turn profitable. It depends on a multitude of factors, and we, in our individual or collective capacities, can only predict. For instance, when a developer announced a project, there might have been plans of linking the area with a Metro connectivity. Based on which he assured you great increase in property value. At a later stage, if because of some reasons the Metro route is diverted and the connectivity factor based on which the prediction was made exists no more, property value may not rise as predicted. Take this claim as a prediction and not a guarantee.

We have told you all there was in the agreement

Ideally, after signing the initial agreement, buyers and sellers are bound by the terms and conditions laid down in it. However, a layman might not be able to read between the lines and understand all the nuances. This is why it is imperative you use legal assistance before you sign an agreement to buy a property.

Also read: The Role Of Agreement To Sell In Resale Home Loans