Many assume that doing a background check on real estate projects and developers is difficult, as it requires some real-estate knowledge. However the truth is that you just need the time and patience to research. A quick internet search will provide insights on the company and the project developer. The customer forum is also a good source to get the required details. Though online research may seem sufficient, it is always better to go in for a field research, as it helps gather accurate details of a property. Talking to other buyers and local brokers also helps in understanding the property rates in Mumbai and estimating the potential growth rate of the asset in terms of pricing.
It is always safe to choose an experienced builder than a newbie, as they are more likely to follow the rules and regulations, and have a professional approach towards dealing with properties for sale. Reputed builders are often a part of industry associations like the Builder's Association of India and Confederation of Real Estate Developers Association of India. If the builder of your desired project is a part of such an association, then you don't need to worry about fraudulent acts or mishaps, as the regulatory bodies always have a watch on the performance of their members. The builder you choose should also have an ISO 9001:2008 certificate.
There are several websites in India that provide details on upcoming projects in Mumbai and other major cities. And UmoveIndia is one of best property sites in India.
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