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10 QUESTIONS

YOU MUST ASK BEFORE BUYING A 5-4-187/3 & 4, II Floor, M.G. Road,
Secunderabad - 500 003
Ph : +91-40-65267423, 39101958

FLAT / VILLA email: info@modiproperties.com


www.modiproperties.com

Question Projects promoted by Modi Properties Other Builders What should you do?
1. Is the TITLE of land The land is registered in the name of the Most Builders generally operate on a Insist for a copy of title
clear? company. Link documents of 30+ years are series of GPA's or development documents, link documents,
available upon request. agreements involving several parties development agreements &
unknown to the Buyer. The title of the land GPA's (if any), tax receipts,
is compromised to save registration etc. Ensure that link
charges. Buyer suffers in case of dispute documents are available for
between Builder and Original Owner. atleast 20 years.
Sometimes the title is itself in dispute.
Even lands auctioned by the Govt. are at
times litigated.

2 (a). Are the necessary Bookings for projects are not opened until all Most local builders have no sanction. The Insist on seeing & understa-
APPROVALS necessary approvals are obtained from so called 'Grampanchayat' approvals are nding the approved plans
obtained? GHMC/HMDA. Approved plans are available not valid, as Grampanchayats have no from HMDA/GHMC before
for inspection upon request. authority to grant approvals. Such paying the booking amount.
constructions are absolutely illegal. Stay away from 'Grampanch-
Several organized sector builders start ayat' approved projects.
bookings before receipt of approvals.
Such approvals may be delayed for years
or plans may be changed to meet building
bye-laws. Project may be indefinitely
delayed and some times may never come
up.

2 (b) Is the construction Projects of Modi Properties are being built Most Local Builders generally deviate by Make sure that there is no
as per the exactly as per sanction plan, no more / no about 30% to 70% from the sanction plan more construction than
APPROVED less. No illegal construction are made. to reduce the cost per sft of constructed mentioned in the approved
PLANS of area. Deviation is made by addition of plans. Avoid projects with
HMDA/GHMC? extra floors, covering the parking area deviations.
and building extra area on each floor.
Most organized sector builders also
deviate from the approved plans. The
Buyer ends up buying illegal construction,
which is subject to demolition or penalty
on a later date.

3. What is the QUALITY of Projects of Modi Properties are built to the Most Local Builders use substandard Spot-check the quality of
material, equipment & highest standards of quality. Materials used material from local unregistered materials used. Insist on
manpower used for are of well known brands with ISI certification. suppliers, without any supervision, meeting the site engineers/
construction? Quality is enforced by qualified engineers on thereby severely compromising the supervisors & check their
site. Good quality construction ensures long quality of construction. This saves cost for qualifications.
life of the building. the Builder but in the long run proves very
costly for the Buyer. Problems like water
leakage, cracked walls, short circuit, etc.
are very common.

4. Will the flats /villas be The delivery dates of flats/villas are clearly On time completion is almost unheard off Insist on a written
COMPLETED on time? mentioned in our brochure, website and all in the twin cities. Most projects are commitment for the date of
agreements. Till date we have a 100% track delayed by months if not by years. completion.
record of on time completion across all our Large projects and Govt. sponsored
projects. projects are in most cases delayed by
years.
Question Projects promoted by Modi Properties Other Builders What should you do?
5. Will the In most projects of Modi Properties Most Local Builders do not provide even Make sure that the work on
COMMON AMENITIES infrastructure work for the common amenities the basic amenities like drainage, paved the common amenities is
be provided? like roads, drains, power supply, water, etc., is roads, lighting, etc. as required by law. under taken along with the
completed within the first year of Even those that are provided are delayed rest of the construction.
construction. Other amenities like clubhouse, by months after handing over possession. Insist on list of amenities
parks, etc., are generally completed within 18 In several large projects some amenities being provided in writing
to 24 months from start of construction, i.e., promised remain only on paper and are along with time frame of
well before the entire project is never provided. Commitments to develop construction.
completed. 5 star hotels, lake fronts, malls, etc., in
large projects are almost never kept. Be
wary of such promises.

6. What is the WRITTEN On payment of the first installment a Sale Most Local Builders avoid agreements & Insist on a sale agreement
PROOF of allotment, Agreement is executed in your favour clearly written commitments. Loose receipts are and receipts for each
payment terms & stating your rights & obligations. A 'Pakka' given. The Buyer is at the mercy of the payment made.
payments made? receipt is issued for every payment made. Builder, as he has no proof of allotment or
Formats of all agreements and deeds are of payments made.
available on our website. Several organized builders confirm
allotment or enter into an agreement only
on payment of substantial amounts. Till
such time the buyer does not have any
rights.

7. What is the Builder's Modi Properties are in the field for over 3 Most Builders are 1 or 2 project wonders! Buy only from Builders who
TRACK RECORD? decades with over a dozen projects to their Beware of such Builders (even if close have an experience & track
credit. friends or relatives recommend them). record of atleast 5 years.
Most of such projects end up in a mess. For large projects check the
Several large constructions are being builders experience and
promoted by builders having no capability to execute it.
experience of executing such large
projects.

8. Are there any other There are no Hidden Costs. All costs are Hidden Costs like amenity charges, water Make sure that all costs are
HIDDEN COSTS? mentioned up front. & electricity charges, incidental expenses declared upfront and given
for registration, charges for escalation in to you in writing by the
cost of building materials, etc. are Builder.
invariably added later.

9. How will adequate Every effort will be made to conserve water by In most buildings borewells regularly run Make sure that the
WATER SUPPLY be implementing rainwater harvesting, recycling dry. Adequate Municipal water is rarely application for municipal
ensured? water for gardening, etc. A separate bore well provided. Most Builders leave it to the water connection is made
water & drinking water connection will be society to deal with the water problem. No well in advance. Ensure that
provided to each unit. prior planning is done to tackle the water rainwater harvesting is
problem. implemented.

10.Who will MAINTAIN A professional maintenance setup with a Most Builders collect maintenance Check with Builder about
the common amenities manager, accountant, security, electrician, charges but do not provide any service. maintenance setup &
& at what cost? plumber, sweepers, gardeners, lift-men etc. Without regular maintenance the building maintenance charges.
will be provided to the Owners Association (a depreciates very quickly. Check about the ownership
non profit organization). Maintenance In some cases corpus fund collected is and exclusive use of the club
Charges have been fixed at reasonable rates. used by the builder as working capital. At house.
The Owners Association will be managed by times maintenance becomes a profit
duly elected members. Modi Properties centre for the builder.
continues to provide service to its customers
in all its projects even after several years of In several large projects the Clubhouse is
completing the project. owned by the builder and residents are
charged commercial rates for its use.
The clubhouse is for the exclusive use of the
residents of the project free of cost.

Head Office: +91-40-65267423


+91-40-39101958
email: info@modiproperties.com
5-4-187/3 & 4, II Floor, M.G. Road,
Secunderabad - 500 003 www.modiproperties.com

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