While looking for your dream home, you will come across a number of properties that are in different stages of construction i.e. pre-launch, under-construction or ready to move-in. Among these three stages, the under construction stage is the most attractive one from buyers’ point of view. It calls for lesser risk than pre-launch stage and the price is lesser than the ready-to-move-in property. However, we should always keep in mind that it is not a completely risk-free affair. There are few things you need to be cautious about while buying an under construction property.
Check the Legal Status- As a customer, you should never hesitate about running a background check on the legal status of the property. Ensure the property’s ownership. Also, seek the legal report of the project’s construction in order to ensure that the construction goes on as mentioned on papers.