Builder floors or builder apartments are the simple floors or apartments developed by the builders. These buildings have usually four to five storeys. They don't have the facilities like the power back-up, water back-up, parks, shopping centers, etc as provided in the community apartments. The size of the builder apartments are smaller and their cost are also less as compared to community apartments.
Buying Tips for Builder Floors Prior to buying a builder floor you should look upon some common concerns of apartment dwellers, which include the following issues.
- Accessibility: Accessibility is the key factor, which every buyer should look upon prior to buying a builder floor. Your apartment should be at accessible distance from your office, from your children schools, shops, cafes, nightclubs, etc. But you should also see that too much closeness can lead to noise problems as well.
- Parking Facility: Parking is the most important necessity whether it is a community apartment or a builder floor. You should check that there are sufficient spaces provided for each apartment owners separately or not. You should also check for the security provided for the safety of cars and other vehicles.
- Power Facility: The power supply in the builder floors should be modernized and well equipped. It should have proper safety system. Usually power back-up facility is not provided in the builder floors.
- Lift System: Now-a-days the builder apartments have too many floors so the lift system should be reliable and developed. The number of lifts should be sufficient so that they could cope up with the flow of people at busy times. The power back-up facility is a must to support the lift movement in case of any power failure.
- Maintenance of Common Areas: Since the builder floors don't have the facilities of a community so you should know who are responsible for maintenance of the common areas. Usually the apartments owners themselves make a group and employ staffs for the maintenance of common areas.
- Water Supply: In most of the big cities, the water supply has been a big problem. The most important thing is your health and the supply of hygienic water is essential. Also the supply system should be well maintained and you should check that whether the water supply is totally dependent on the municipal/community supply or they have their own supply facility.
Legal Issues It is always compulsory to know your seller or builder before buying any real estate properties. You must enquire about the history of the builder and his developed properties. You should carefully examine all legal documents related to the floor and also the land. You should check the certificates and documents cleared by the respective government agencies.
- You should check that construction of the particular floor on the builder's apartment that you are going to buy is permitted by the government. The land on which the building is made has clear legal titles or not.
- You should check that whether the builder has the right to transfer the properties or not. The builder should take transfer of property approvals from the statutory land development or planning authority or competent authority constituted under the Urban Land Ceiling and Regulation Act and the Income-Tax Act.
- You must ensure that the builder has taken the approvals from the Area Development Authorities, Electricity Boards, Municipal Corporation, Water Supply & Sewage Boards.
- You should inspect the contract and seek the help of legal experts before signing the final documents.