The Pune real estate market is one of the fastest growing markets in India. The growth has taken place mainly because of the proliferation of the IT, automobile, and manufacturing sector in and around the city. Thus, with this growing demand from the consumers, there has been a rise in the number of builders in Pune too.
This factor has had a good as well as bad impact on the market. For one, there has been a steady supply of housing units in the city. However, with a very large number of small, mid-size and large real estate development firms in Pune, finding genuine players has become a precarious task.
The onus of finding the best builder to buy property in Pune lies on the consumer. Whether you are purchasing a mid-budget home or a luxury home, most property experts recommend that you go with the established and reputed builders. This will ensure that you get the best quality of work, and you make an investment in the right property.
Choosing builders in Pune carefully
Not all new entrants in the market are mediocre. But there is no denying the fact that the market does have some fly-by-night real estate developers. As the real estate market has grown, there have been higher consumer complaints about frauds and substandard quality of work.
This aspect should not stop you from investing in the growing Pune market. So what can you do to ensure that you are not defrauded? Here are two important ways to gauge the credibility of your real estate developer:
- Portfolio: At any given time, check the current portfolio of the builder. If the firm has just one small project going on in some corner of the city, you cannot be sure of the stakes involved in it. On the contrary if your builder has an impressive portfolio comprising high rise buildings, commercial complexes, SEZs, townships and so on, it is a positive indication of the builder’s standing.
- Affiliations: Your builder’s industry affiliations say a lot about their status in the industry. Customers and peers alike should look up to your chosen firm. In Pune, the CREDAI Pune-Metro is a respected body that has almost all leading builders on board. You can call such organizations to get a backgrounder on your chosen builder. This will quell your doubts. A builder that is not a part of any professional committee might not be a good choice.
When you choose to buy property in Pune, it is important to find a builder that has ISO certifications, a grievance-redress system, professional customer service desks, CSR activities, and so on. Armed with this basic knowledge, you can set out to find the best builders in Pune and invest your finances with the right firm.