Booking a plot is an exciting milestone, but it pays to be thorough. Here are 10 essential questions you must ask your developer before signing any agreement.
- What is the exact approval status and approval number?
- Are all utilities (water, electricity, drainage) in place?
- What is the total area and what is the super built-up area?
- Are there any pending charges or litigation?
- What is the timeline for completion and handover?
- What is the payment schedule?
- Are there any hidden charges?
- What is the carpet area vs plot area ratio?
- Can I get a bank loan for this property?
- What are the exit options if I change my mind?