Under Construction Projects: All You Need To Know

Date: 3-September,2020Last Updated: 26-September,2022
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Let's have a look at Under Construction Projects,

Construction is one of the biggest industries in the world. It requires a huge amount of human resources, good pieces of equipment, materials, and experts. But above all that, it needs a good amount of money to buy good equipment and hire professionals.

Project managers And Project developers.

The ones in charge of the under-construction projects are project managers. They are experienced and have amazing techniques recognized by people who invest in them. Project managers are required to accomplish a great task,i.e., from hiring professionals, buying good materials and tools, and fulfilling their clients' dreams, keeping in mind their budget and time. They might not be technical experts as their main job is to handle scheduling, keeping up on the budget, checking and providing the necessary resources, and delivering the under-construction project on time.

Project developers are the ones who are in charge of researching, designing, and implementing solutions in the under construction projects by using their specific set of skills. They are mostly focused on project design and delivery of the under construction flat/property. Project developers make sure that your under construction flats are made in a comfortable environment, and the flat or properties' designs fulfill the client's need.

under construction properties

Now, What you, as an Investor/Home Buyer, should keep in mind?

1. Approvals

Ok, the first and the most important thing to keep in mind is to check if the under construction project has all the essential approvals. This is an important step because if a project has all legal and essential approvals, you can stop worrying about the deadline and possession date.

2. Quality of Developers

Now, check the developer's background. Find out about his qualifications and track records. And check out all about his previously completed projects. With this, you will know about the estimated time the under construction flat or under construction property will be completed and, most importantly, the quality of the under construction projects.

3. Essential Paperwork

All done?. Awesome. Now ask for the title deeds and all the project papers from the developer. Get them checked out by your lawyer and verify your legal rights or title to the under construction flat/property. This is an essential legal check for the property.

Now that all the paperwork of your under construction flat/under construction properties is verified and you want to continue as an investor. The next step is to visit the project site, where the under-construction project will take place. Make sure to check out the facilities that were promised in the under construction project's plan and if the locality is what you asked for.

4. Possession Date

Always remember the completion date of the under-construction flat/property you were promised. While visiting the under-construction property to check out the facilities and site, you will also see how much work is already done. This will make sure that the project is going to be completed by time or not. And you can leave the project immediately if you think there is a problem with the timeline.

5. Double-Check

Don't rush into signing the papers. Make sure to frequently visit the property site to check out the progress. You can also be in touch with the developer to be always updated on the progress of the Under Construction project.

6. Banking

And the last part is, of course, how you plan to pay for the flat or property. If you are planning to take a home loan, check out the possible banks that are offering loans on the particular project. As long as you have ticked off on all the above steps, you will get the loan without a hustle as the bank always checks the developers and the on-going under-construction project before giving out a loan.


Make sure to plan out all the details from the design you want, the environment you need, and your budget before reaching out to a developer or checking out a project.

Keep in mind that there is a lot of difference in a ready-made project and an under-construction project. There is always a changing variable in the under construction project like delay in delivery-time, possession delay, and sometimes natural disasters.

Planning out for everything is the safest path for you when investing in under construction projects.

Keep in contact with the developer or the project manager to be always up-to-date on the project progress.

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