This is what you get for ₹4,999.
A written report, every line marked clear, ask more or stop, with the record it came from. The sample below is invented from start to finish.
Deal check report · prepared for the buyer only · conflict line: buynlease has no interest in this project. Our founder consults for ReaRCo; this is not a ReaRCo project.
Sample Heights, Sector 00, Example City
Builder: Example Realty Pvt Ltd · Offer: 3 BHK, 1,450 sq ft, ₹1.45 crore base price · Status: under construction
Our read in four lines
The project is registered and the money trail is clean. The builder has one earlier project handed over 14 months late. The cost sheet leaves out ₹9.8 lakh of charges the brochure does not show. Ask the three questions at the end before you pay a booking amount.
The eight checks
| Check | Mark | What we found |
|---|---|---|
| RERA registration | Clear | Registered, valid to the date stated in the offer. Quarterly report filed for the last three quarters. |
| Builder’s record | Ask more | One earlier project handed over 14 months after the promised date. Ask what compensation buyers got. |
| Court and insolvency | Clear | No orders against the project, company or listed promoters in the searches we ran. |
| Approvals and papers | Ask more | Sanctioned plan matches. Land papers show a joint development partner; ask for that agreement. |
| Price test | Ask more | Rate per sq ft is 6% above what nearby projects ask, and above the average transaction rate in the area. |
| Full cost | Stop | Brochure total ₹1.45 crore. With GST, duty, parking, club and deposits the flat costs about ₹1.55 crore. |
| Rent and yield | Ask more | Realistic rent gives a gross yield near 3.5%. The pitch quotes 5%. |
| Agreement and payment plan | Ask more | 45% payable before the slab stage. Delay clause favours the builder. Flagged for your lawyer. |
Three questions to ask before you pay
- Why does the cost sheet show ₹9.8 lakh less than the all in cost, and which charges can be removed?
- What did buyers of the earlier project receive for the 14 month delay?
- Can we have the joint development agreement and the escrow account details in writing?
A real report ends with a source list: one link for each line above, to the record it came from, with the date we read it.
Pay once. Know before you pay the builder.
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