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Characteristics of a Successful Real Estate Developer

Buying a house is one of the biggest investments of life, which is why it should be a well-planned and a well-researched decision. When buying a house, doing complete legwork about the top real estate companies in India and their projects, is an essential step.
Every real estate company will try to convince you that it is the best developer in town; therein arises the need to research and apply due diligence before you make a decision. Finding the right real estate developer is the most important step for investing in a property. There are certain characteristics that you need to look for to find the right real estate developer.

If you’ve gotten tired looking through the real estate companies in India to find the best one, here are a few characteristics to help you search better: –

RERA Certification
First of all, a good developer will be registered under RERA. The Real Estate Act has made it mandatory for all real estate projects where the land is over 500 square metres, or eight apartments, to register with the Real Estate Regulatory Authority (RERA). It ensures better transparency in project-marketing and execution, and customers won’t have to worry about any foul play. With RERA implementation, customers will be charged as per the government rules and the paper work will also be as per norms.

Creativity and Sustainability in Projects
Real estate projects need to be sustainable as per the current need. In conjunction with that, developers need to be creative individuals who conceptualize futuristic projects which meet the demands of the society. That is where successful developers come up trumps, combining smart and sustainable architectural designs with advanced construction methods. Hence, look for developers who are keen on developing projects based on creativity and sustainability.

Modern amenities
Established realty developers offer best-in-class amenities to suit the requirements of modern home buyers. These modern amenities include, sufficient parking space, recreation facilities, 24/7 security, landscaped parks, daily need shops, etc. When you choose a real estate developer, always look for these amenities to ensure a value for the money you invest.

Also, don’t forget to compare developers on the basis of reputation, project quality, price, and delivery timelines, to ensure complete success in property investments.

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