Sl.

No

Checklist Item

Verified? (Y/N)

Know the Builder Has the builder constructed sufficient number of projects to 1 establish a reputation? Yes Does the builder enjoy a reputation for completing projects on 2 time? No Is the quality of their projects as per the standards youre 3 looking for? Is the quality of staff employed by the builder helpful and 4 courteous with your queries? Do the leading financial institutions have tie-ups with the 5 builder? Know the Project 1 Is the project located in an area of your choice? 2 Is the project easy to access by road and rail? 3 Does it have common facilities within easy reach? What is the distance from critical infrastructure like schools, 4 hospitals, fire and police stations? 5 What are the future civic plans for the locality? What is the weather impact on the locality? Does the area get 6 flooded during the monsoons? 7 What is the noise and air level pollution in the area? 8 How is the water availability in the area? What is the number of buildings that are being planned? Will 9 the long construction period affect the quality of living? What is the project plan? Does it leave enough open space for 10 leisure activities? Does it have enough parking spaces for residents and visitors? 12 If the building has lifts does it have back up power supply? Is the construction environmentally and structurally sound? Is 13 it an earthquake-proof construction?
11

What would be the monthly maintenance outgo for the project? Is the project in a safe locality? Does the project offer security 15 staff cabins and intercoms? If youre buying a flat on resale or in an ready constructed property, check with the existing owners association and existing residents. You should be able to get lot of valuable 16 information regarding the project and the locality. Know your Apartment 1 Get the floor plan of your apartment. 2 Calculate the carpet area of the apartment.
14

Check out the inside and outside wall finish. Does the outside wall have a weather coat? Check the floorings used. Does the bathroom and kitchen have 4 floorings that are safe? Inspect the electrical fittings. Do they have child-safe fittings? 5 Are the electrical fittings of a reputed brand? Check the bathroom and kitchen fittings. Are they of a quality 6 brand? Check the door and window quality. Are the doors built to provide easy access? Do the windows allow enough light and 7 air into the rooms? Does the flat allow cross-ventilation for better circulation of 8 air? 9 Does the ceiling have sufficient height? Are the features offered in the rooms of contemporary style 10 and usability? 11 Is the view from all windows of the room acceptable? 12 Do the rooms have provisions for AC fittings? Are there enough outlets for phone, TV and internet 13 connections? 14 Are there provisions for storage and drying clothes? Know your Documentation What is the rate quoted per square feet? Is it reasonable when 1 you calculate it in terms of the carpet area? There are other statutory charges along with additional charges that the builder quotes outside of the apartment cost. Have you 2 considered those costs? 3 What are the extra amounts that the builder is charging? How much will the statutory charges such as Stamp Duty, Registration Fee, Electricity connection fee, Water connection fee, Sales Tax, Building tax, service tax and other expenditure 4 add up to? If youre going for an under-construction flat, what will be the payment schedule? In case, you are booking a flat in an under 5 construction apartment, ask for a copy Compare the layout of the apartment with the plan given by the 6 builder. Is there any difference between the two? Does the documentation provided by the builder suggest a clear title? Get it verified from a government authority if you 7 need to be sure. Check the fittings provided in the apartment with the promises 8 made by the builder in their brochures.
3

9 10

11

12

Check if all the necessary property approvals have been obtained from the land development or planning authorities under the Urban Land Ceiling and Regulation Act and the Income-Tax Act. Has the municipal corporation issued an occupancy certificate to the project? Insist on seeing this. If youre buying a resale property, check the ownership document to see the earlier transactions. Also check that the required statutory approvals including stamp duty and property registrations have been done. Check that the builder has acquired all the legal approvals from the Municipal Corporation the Electricity Boards, the water supply and Sewage Boards and the Area Development Authorities.

Remarks