Sunday, August 16, 2009

In Delhi and National Capital Region, dealing directly with developers to buy a property may not get you the best deals - P D Dwivedi

ROHIT Gandhi decided to purchase a home and avail himself of the new segment of quality affordable housing that was being launched in the current wave of development , post the economic downturn. The falling home loan interest rates in the affordable category were an added incentive.

To get the best lot, Gandhi decided to put in his money on the day of the launch. With all his documents ready, when he reached the developers office he found to his dismay that he was pitted against a large number of agents who had come with up to 50 cheques to book the apartments. The developers sales staff too, was attending more seriously to those with multiple cheques rather than to individuals like himself.

At a distinct disadvantage, Gandhi was not sure whether he had done the right thing purchasing the property at the time of launch as an individual, instead of going through a broker.
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