Deciding to buy a property in Chennai, the city that offers a multitude of options and property choices can be exhausting. However, it does not end by readying yourself financially or choosing one of the premium plots in Chennai but by prudently researching and verifying the credibility of the land aggregators. They are the middlemen who buy small blocks of land at various locations, wait for the price to appreciate, and sell it at a profit or construct a building. They will be well-versed in property-related aspects like demographics of the area, development prospects, and infrastructure trends.
A land aggregator can be a real estate developer, NPO, university, or individual. The State and local governments also sometimes buy land in blocks to develop infrastructure. Read on to learn more about the unique services of Elephantine, one of the most trusted land aggregators who deal with premium plots in Chennai.
Why check the credibility of land aggregators?
Owing to the surge in the plots for sale in Chennai, many land aggregators have ventured into the residential and commercial sectors. While the large developers expanded their portfolios, small and medium developers are collaborating with the prominent real estate developers owing to changed industry compliances.
Considering several prominent plot developers in Chennai, the challenge lies primarily for the buyers because there are too many developers in the market. So, it is imperative to validate the authenticity of the developer or land aggregator to ensure your investment becomes profitable. With too many land aggregators racing to pose as developers, verifying in the Registrar of Companies or developer’s website can save you from unnecessary delays or complexities.
Factors to check to validate a land aggregator’s credibility.
Past performance: A thorough research on the project delivery record, tenure of experience, past projects, due diligence in documentation, delays in delivery, and the reasons for the same of the land aggregator can give you a better understanding of their stature in the market.
Financial stability: Know their cash flow and debt levels which will be available in the annual reports. But it gets tricky for unlisted developers, so you may have to verify directly or check through other sources. The absence of strict regulations, lets builders use funds collected for one project for another one, and complexities with the project entity names arise.
Rating: The land aggregator’s track record in executing projects, and title transfers as per schedule determines their credibility. In addition, their management and financial strengths determine their rating in the market.
Past projects: The quality standards and site visits of their past projects will give a clear picture of the land aggregator’s work style and relationship with clients.
Bank loan eligibility: Banks’ thorough verification is another key yardstick that defines the land aggregator’s trustworthiness. Leading banks appraise their profiles and check for necessary guideline approvals before granting loans.
Contractual agreements: Details like date of possession, payment terms, and others will have to be captured in an agreement and thoroughly read by the buyer. You can also ask for inclusions or check for gray areas, as primary evidence for legalities. Get professional help to authenticate the property title and vet documents to get other approvals.
Elephantine, as one of the best land aggregators.
Among the many plot developers in Chennai, Elephantine as a land aggregator offers solutions through a seamless approach for big companies and corporations that need guidance in buying huge chunks of land. The time-saving solution and expert services that they offer, help the client navigate the cumbersome choices and make well-informed decisions. Their prudent practices include:
- Identifying requirements and shortlisting packs of land from the extensive and diverse land database.
- Find the land to be acquired. Key parameters such as ground checks, contour, and local issues will be assessed to ensure due diligence.
- Negotiate with the owners, and through land market analysis to understand trends, potential growth, and the feasibility of land acquisition.
- The land is demarcated to ensure possession.
- Prudently produce necessary land sale-related documents
- After-sale registration, the name of the client is changed in revenue records and duly handed over to the customer.
Why choose Elephantine?
Elephantine, as a real estate aggregator not just guides their clients in making a wise deal, but also empowers them with valuable market insights and services. Through this, clients will better understand the real estate market and make intuitive decisions. The highlighting aspects of Elephantine are:
- Unparalleled experience and expertise with an impressive track record.
- An admirable network that consists of a trustable group of lenders, industry experts, investors, and brokers.
- Professional realtors and analysts who possess accurate knowledge of property values, market trends, and other aspects that can influence your investment.
- Impeccable risk assessment and management.
- Expert knowledge and connections with the locality’s guidelines.
The plots for sale in Chennai are in abundance and the services of developers and land aggregators are overwhelming as well. So, choosing a trusted mediator will determine the efficacy of your investment decision. You are in safe hands, with Elephantine guiding you through every step and their prudent practices that believe in a customer-centric approach that fosters trust and success.
