Ripples of my Reflections

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Buying a flat – Demystifying the experience

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Who doesn’t have the desire to own a home? Everyone desires a place that they can call it their own, be it lavish or utilitarian, splashed with aesthetics or a low-key utilitarian. I am no different. I have always wanted a place of my own. I very well knew that I would end up taking a hefty loan and the place wouldn’t really be “mine” till I pay off the loan. But this is an illusional world we live in. We are provided with EMIs which make us indebted on the stake of money which we are yet to earn. Anyway, I digress. I followed the world and clinched my desire by booking a flat. I had very little prior experience with respect to all this real estate, flat construction but there has to be a first time for everything. I started my learning process with this positive thought.

As much as I love our new place, decorating it up, settling in, relishing that I have reached my dream, there are certain ugly truths that I need to face and that’s what nudged me to write this post. In this process of getting it constructed and moving in, we have shed tears, blood, sweat and what not. There are certain dirty clauses that lay hidden in that construction, sale agreements that you sign with nothing more than a skim-read. Behind all those flattering words and smiles, there are certain cunning layers to that marketing guy trying hard to make you book a flat with his firm. There is a certain table left to be turned once you cross that threshold from being a prospective buyer to a trapped customer.

Here are some samples for you to ponder on:

1. Ever wondered how the director of the constructions firm is coming down to meet you just because you wanted to clear some doubts before you hand over that cheque? You might have even wondered whether you commanded that kind of a respect. I request you to stop right there and throw away that narcisstic thought. It is the cheque you might hand over afterwards that commands the respect, not you. Never you. Yes, there’s only a 50% chance that you might book the flat even after you get your discussions done, but that 50% chance is one that’s worth taking for them. If you don’t believe me, wait till you pay up almost 80-90% of the cost as the building progress and see how they behave when you want the interiors finished soon for the rest 10% of the cost. You will see quite a personality change!

2. Possession in xx months – the xx will vary depending on what state of construction the building is in. The maximum quote for a normal apartment at the initial stages of construction would be 14 months + 3 months of grace period. When they say this, stop them right there and read the sale-construction agreement again. There will be a clause that will save their asses from fire when they go beyond the grace period. All possible reasons will be cited such as materials unavailability or labour unavailability. This clause will be used as an excuse again and again till your ears bleed.
If you are smart enough to get a rental penalty clause inserted,(Many builders safely do not insert this clause, assuming we are that dumb. Not to blame them, some of us are.) then miraculously all their labour and material problems will be solved in a minute and your flat will be hurriedly made into a ready condition – one that is just enought to move in, leaving you to wonder about the quality of the work when done in such a hurry. Needless to mention, there will be an aftermath of such hurry where you have to deal with new problem every day. A new day and a new problem, Yay!

3. Quality – Shortly said, when you book the flat, you will promised out of the world quality, but you will get quality which will really make you want to go out of this world. Only way to get this right is to follow up like an obsessed maniac and look at the materials used, read up on internet and so on. You will become a civil engineer short of the educational degree.

4. “We will be completing this task in another ten days” – The most infamous phrase used by the builders. Never trust this excuse. The ten days will span across weeks, months and even over an year. If I had given my rental notice to vacate on the date promised to me, I would have been living on the roads. Do your planning and keep a buffer of minimum 1-2 months.

5. Amenities – This is a huge looting booth for the constructors. The amenities promised and the ones delivered hardly match up. For example, you will be promised a world-class roof-top swimming pool and you will be provided with a bath tub sized one which is too small that it can’t even be called a baby pool. Also,the amenities will not be constructed in the promised time frame but will be in progress even a year after you move in, however, we will expected to cough up the cost of the flat, inclusive of amenities, the moment you move in.

The list goes on…They say that there are good constructors who don’t loot us. I am yet to come across one. I agree that I only talk of the experience of closely witnessing a couple of flats getting constructed in the family and then getting my flat constructed. But believe me when I say, getting one flat constructed will give you enough picture about this. So what should we do about this?

For one, don’t believe a word they tell you when you are a prospective customer. Do your research. In spite of your diligence, there will be mess-ups and that’s life. But the more you do your research, the less ignorant you will be of the scams pulled on you. Before you book a flat, make sure you have the time and energy to closely follow up with the project. Be prepared to make that project your life for that span of time. You will have to think about it literally every waking moment and sometimes in your dreams too. I had many a reminders about things to be done for my place in my dreams. I also spent many sleepless nights pondering over lists to go through, check boxes to be ticked, things to buy and so many other things.

In spite of all this, don’t get shooed away from the dream of owning a place, if that’s what you want. Don’t get pushed into it by the societal pressure that you must own a place once you are at a certain age or stage in your life. If you wantย to own a place, venture into it well-prepared, armed with some prior research, some know-hows and a lot of energy. You will have a life experience that will teach you many things that you wouldn’t have dreamed of.

Until later ๐Ÿ™‚

4 Comments

  1. Wow. It all sounds like a nightmare, K :O Congrats to you for having pulled through it all, I don’t know if I would have.

  2. hmmm… wish you could have included tips to avoid being cheated… this is more like a warning(: … yes we got to be careful I suppose, verify with the builder reputation, take time and follow up(: … My parents had 2 flats built up in my lifetime and well I don’t remember following with them closely or planning… in some ways we might have been cheated too): but well can’t keep brooding about it, you need the time and energy and resources for the follow up too after all(: … but it’s good to read the clauses carefully and make note o the rental penalty clause… anyway congrats on your flat and this was a honest good interesting writeup on the topic…gooddday

  3. (I am catching up on a very long blog list I have missed over the last year lol) ๐Ÿ™‚ Scrolling through a lot of blogs, but not really commenting on many, but on this one I just had to.. ugh I feel you! Been there done that!

    We bought a place (its been 4 years this earlier month). Luckily, the previous owners are pretty nice people and the entire transaction went through smoothly. I did not ever imagine being 24 and up to my ears in debt, so it has been a bit of a struggle.. EMIs truly do tie you down to an extent. The furnishing of the flat was a whole different ballgame – in fact, I *just* got done with it! With the both of us working, it took forever to get the place done exactly as I always imagined in my “dream home”.. Fun experience all in all, really makes one feel grown up and serious haha! ๐Ÿ˜€

  4. This is a very informative post Keirthana. I honestly had no idea there were so many things to look out for. And what exactly is this rental penalty clause? Is it something like, for the delay they cause, they will have to pay us penalty?

    why don’t I see anymore posts on this beautiful land after sep?

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