
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.