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Builder Status Verification

Builder Status Verification

The Builder Status Verification Service helps property buyers and investors confirm whether a builder or developer is credible, reliable, and compliant with legal and regulatory requirements. This service minimizes the risk of fraud and ensures a secure and transparent real estate transaction.

Key Aspects of Builder Status Verification

1. What is Builder Status Verification?

  • It involves a thorough investigation into the credibility, legal standing, and past performance of a builder or developer.

  • The verification checks for legal compliance, valid project approvals, and customer satisfaction levels.

2. Why is Verification Important?

  • It protects buyers from fraudulent schemes or incomplete projects.

  • It confirms that ongoing or completed projects have legal and regulatory approvals.

  • It offers peace of mind by ensuring the builder is trustworthy and transparent.

3. Areas Covered in Verification

  • Legal Checks: Confirmation of the builder’s registration, RERA compliance, and project authorization.

  • Financial Stability: Review of the builder’s financial strength to assess their ability to complete the project.

  • Past Project Reviews: Evaluation of previous projects regarding quality, delivery timelines, and adherence to promises.

  • Customer Feedback: Collection of insights from past buyers to understand their experience with the builder.

  • Litigation Check: Identification of any ongoing or past legal disputes involving the builder.

4. Required Documents or Information from Buyers

  • Builder’s name and registration details.

  • Project specifics including location, type, and RERA number (if applicable).

  • Copies of agreements or promotional brochures provided by the builder.

5. Verification Process

  • Step 1: Submission of builder and project details for verification.

  • Step 2: Review of builder’s registration and credentials with local and central authorities.

  • Step 3: Examination of project approvals and verification of land title.

  • Step 4: Analysis of the builder’s track record and financial strength.

  • Step 5: Delivery of a detailed report outlining the findings and any red flags.

6. Common Challenges

  • Lack of full disclosure from builders.

  • Misleading advertisements or promotional claims.

  • Delays in project execution or handover.

7. Who Should Use This Service?

  • First-time homebuyers.

  • Investors purchasing in pre-launch or under-construction phases.

  • Anyone considering a deal with a less-established or unfamiliar builder.

Services by Land Settles

  • Assist in verifying whether a project is legally approved and meets quality standards.

  • Detect potential risks or red flags early in the process.

  • Help you negotiate better terms or switch to more reliable developers.

  • Review and guide you through important clauses in the builder’s agreement.

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