The real estate sector is booming fast. With a market size estimated to exceed $1,044 billion by 2023, the Indian real estate sphere is on a continuous growth track accelerated by government policies, urbanisation, and the surge of the middle class. But with so many companies available, it’s truly tricky to find the right builder or Real Estate Company.
In this blog, we will discuss ways to find the best and legitimate real estate company. Let’s check out.
Tips to verify a real estate company’s authenticity
Validate license and certification
The very first step to find out whether a real estate builder is legitimate is to verify their licensing. Get in touch with your state’s RERA or governing body to evaluate the real estate developer’s license. Also, make sure the independent real estate brokers working in your locality are licensed or not. Checking their certification saves you from being a prey of the scammers.
Verify their professional membership
Any genuine company holds membership in various organisations, such as NAR (National Association of Realtors). The members of such firms follow commitment to quality, ethics, domain standards, and professional growth.
If you’re analysing various real estate companies in Lucknow, check whether they holds memberships of any of these organisations.
Check out client testimonials
According to a study, over 95% of people admit that reviews (positive or negative) influence their buying decisions. That’s the power of testimonials. So, before you buy plots, villa, 2 BHK, or 3 BHK apartments in Lucknow, browse through the company’s testimonials and reviews. This will give you a thorough look into the builder’s online presence as well as the legitimacy.
Verify whether the company is transparent by checking its agents’ profiles, contact details, and services.
Visit sites like Yelp or Google to check its reviews. Look through each positive and negative review to find the gaps or lapses in builder’s commitment.
As a thumb rule, we recommend checking the negative reviews since many companies hire writers to write positive reviews. This will give you a close look at the company’s real estate practices.
Don’t ignore red flags
You may come across some warning signs that turn out to be the red flags. If you every encounter such red flags, don’t ignore them. Be on lookout for impractical or unrealistic promises, tactics for quick purchase, agents who mount pressure on you to purchase but avoid in-person meets, and asking for personal or sensitive details.
Ask for referrals or recommendations
Personal recommendations play an important role in finding the best builders in Lucknow. Ask your family or friends who have recently sold or bought 2 BHK flats in Lucknow. Ask for their experience and details of their property. Also, enquire whether they were happy dealing with the broker.
Their experience will be your valuable insight to finding the right builder in Lucknow.
Schedule in-person meetings and visit the property
Never deal with a property dealer on phone or virtually. Always schedule an in-person meeting to know more about them. Evaluate their communication, skills, and market knowledge. Assess their attitude while responding to your queries.
Check ownership and listing of the property
Another way to check the legitimacy of the real estate broker is to verify the ownership and listing of the property.
Ask the broker or builder about ownership documents such as occupancy certificate, title deed, and more. If any seller or builder makes excuses to provide them, just run away!
Also. Post getting all the documents, verify them. Cross check every detail and make the payment only when you are satisfied.
Conclusion
Real estate sector in India is expanding. This has led to the rise in scammers too. Consider all the tips shared earlier to ensure you are dealing with a legitimate builder in Lucknow or anywhere else. A genuine real estate company is transparent, RERA-approved, and professional just like Jashn Realty.
