Your dream home is not just a place you live. It is hard-earned money over several years. The investment that you make in a property should give you peace of mind and confidence about every aspect of home buying. While one has a choice to buy a dream home from a small-time builder, read the blog to know why you should buy your dream home from the reputed builders in Chennai.
Developer Credibility:
When you are looking to buy a property in Chennai, you should first look at the builder’s credibility, experience, and deliverability of the projects. Look for developers who have been in the market for at least 5 years and have successfully handed over several projects over the years.
Small-time builders may execute just 1 or 2 projects in a year. Whereas top real estate companies in Chennai have at least 5 to 10 ongoing residential projects in Chennai and at least another 5 upcoming residential projects in Chennai.
Statutory Approvals and Legal Compliance:
Small-time builders may not check whether the land parcel on which the project is proposed has a 100% clear title. Some builders may not obtain all statutory approvals and no objection certificates. Some builders may also deviate from the approved plans. There are several instances where buyers became aware of such unapproved deviations on court notice. These can put the hard-earned money of homebuyers at risk.
On the other hand, renowned builders carry out proper due diligence on the land parcel. They accept land parcels that have 100% clear titles to avoid any risk for their investment and returns. They also obtain all statutory approvals, no objection certificates, and legal compliances. They also construct and deliver projects as per approved planning permits and obtain a completion certificate from the competent authority. Therefore, it is wiser and safer to buy properties from renowned property developers in Chennai.
Architectural Design and Construction Quality:
Small-time builders may not have the engineering expertise to design and build the projects. They depend on small-time architects and contractors for building design and construction. There are also chances that the floor plan may have a lot of dead spaces that a homebuyer cannot use effectively but need to pay for it. The collective knowledge may severely impact the design, delivery, and quality of building construction.
On the other hand, reputed builders in Chennai have an in-house team of experts in the field of architecture, structural engineering, civil engineering, mechanical engineering, electrical engineering, plumbing, and landscaping. Top builders in Chennai also contract the services of reputed architectural firms, civil contractors, MEP contractors, and landscaping contractors to deliver projects with quality. Every part of design and engineering is optimized using advanced software. The collective knowledge of in-house experts and contracted agencies provide a value greater than the money paid for.
Use of Branded Quality Materials:
When you buy a home from a small-time builder, they may not provide full details of the brand and the type of materials used for building construction. You may have to rely on the words of the small-time builder especially when the building is already constructed and ready to move.
On the other hand, renowned builders in Chennai provide you with a detailed list of material specifications that they shall use in the building construction. These specifications are also captured in the construction agreement that you sign with the builder.
Some builders even allow customization of materials as per the buyer’s need at extra cost. However, this depends on the size of the project, the construction stage of the project, and the builder’s willingness to allow for material customization.
Hence, you can be assured of the make and quality of building materials used in the building construction by a reputed builder.
Choice of Properties:
Most of the small-time builders may not have more than 2 projects in their offerings. Some buyers may look for specific configurations such as 1 BHK, 2 BHK, 3 BHK, etc. Some buyers may have budget constraints. Some buyers may have location constraints. Some buyers may have vastu constraints. Some buyers may want on specific floors. Some buyers look for lifestyle amenities. A small-time builder may have limited choices to cater to your home-buying needs.
On the other hand, prominent builders in Chennai have at least 5-10 projects to offer to a home buyer. They shall have a wide range of choices in terms of property type (apartment/villa), configurations, locations, and pricing. Thus, you can choose your dream home from a pool of property offerings.
On-time Delivery of Projects:
Small-time builders may not advertise aggressively to attract homebuyers. They largely depend on the site banner ads and referrals for sales. They may not have a sales team to receive direct walk-ins, provide information about the project, address queries of the homebuyers, and assist in the home-buying process. When the small-time builders struggle to find homebuyers, they slow down the speed of building construction and delay the possession.
On the other hand, prominent builders in Chennai have access to construction loans from banks and NBFCs. In most cases, the construction progress may not depend on the sale of the project. And if the project is RERA registered, builders must deliver the project on-time to avoid paying penalties. This gives confidence to homebuyers to buy properties from the top property developers in Chennai.
Home Loan Assistance:
When you buy a property from a small-time builder, you may have to arrange for a home loan for yourselves. You shall have to shuttle between the builder and the banks, collecting and handing over the documents. Banks may rise several questions regarding the title, plan approvals, statutory approvals, NOCs, and handover that the builder may not have answers for.
On the other hand, the best builders in Chennai obtain Approved Project Financials (APF) from various banks and lending institutions. Home buyers simply have to quote the APF number at the time of home loan application. Banks and NBFCs undertake an extensive process of verifying title documents, plan approvals, statutory approvals, NOCs, and builder financials before approving a project. This is another advantage for the buyer as the document gets double-checked by an independent panel of advocates appointed by each bank and NBFC.
Post-Sales Service:
When you buy a home from a small-time builder, the relationship ends with the handover of the property. The snags and deficiencies in the civil, electrical, and plumbing works shall crop up after a few months of handover. Most small-time builders do not entertain repair and modification requests after handover.
On the other hand, some reputed developers attend to snags and deficiencies to earn goodwill and salvage their reputation.
Concierge Service:
Some of the best developers in Chennai also provide concierge services such as rental assistance so that investors can buy their properties and put them up for rent. They also provide resale assistance to homebuyers and investors if they want to sell or upgrade their lifestyle.
About Traventure Homes:
Traventure Homes is in the business of residential and commercial properties across Chennai since 2014. Our motto is to develop best-in-class properties and provide a pleasant home-buying experience. We have successfully handed over 55+ projects. Another 12 ongoing projects in Saligramam, Virugambakkam, and Perambur localities. There are also 2 commercial properties in Mogappair and Virugambakkam.
For more details, please send us an email at sales@traventurehomes.com or call us at 9150015000.