Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?
Check the reputation of the builder. Ensure that urban land ceiling NOC (if applicable) has been obtained or not. NOC from water and electricity authorities also have to be obtained. NOC from lift authorities. What is meant by valuation of property? The valuation process evaluates the market value of the property. Demand and supply forces operating in the market, as well as other factors like type of property, quality of construction, its location, the local infrastructure available, maintenance, are all taken into consideration before the market value is decided. How does property valuation help? Typically, if a real estate agent is asked to judge the value of a piece of property, he would do so based on information of recent sales or purchases of similar properties in that area. Though this may give a fair idea of the property’s market value, an official property valuation would carry more weight. E.g. if you need to use this piece of property as a security against a loan, the bank’s
