Tips for developers to gain confidence of investors
Real estate is one of the most profitable businesses. Due to the rising population, demand for new commercial and residential units is always high. But not every real estate developer earns lot of money. This is due to bad reputation of developer among the buyers and investors. Here are the tips for developers to gain confidence of investors.
Get NOC for the project
The most important thing to get the confidence of investors is to only launch new real estate projects if you have valid NOC. People have invested in many new projects, but lost their money as the projects had no NOC. Due to these frauds, buyers and investors are very cautious about new projects and only invest in ones which have NOC.
Complete the project on time
It’s easy to launch a new project but hard to complete it on the time. Many people who have invested in real estate projects have paid their dues, but the developers have not completed the projects. In the end due to these frauds, people have lost money. So in order to get the confidence of investors, it’s important to complete the projects on time.
There should be no hidden charges
Sometime investors trick the buyers with easy payment plans. The project looks affordable and very attractive for investment. But after some time, buyers find that there are hidden charges too and realize that they cannot pay the installments and sell it at loss. This is very bad practice and developers should declare all charges on the launch time.
Provide the facilities as promised
To make a project attractive, investors do claim extra facilities like zoo, hospital, school or solar power system. But in reality these facilities are not provided in the project which has very negative impression. Therefore, it’s important to only mention those facilities at the launch time which you will provide.
Provide the management as promised
Large housing developments always have the management teams to look after the societies. Good developers always make it clear that with the minimum charges, society will be properly maintained. But some developers lose confidence as after the completion of society, no effective management is provided.