Warranty on Homes: A First in Delhi NCR

Hassle-free home with 10-years’ warranty! Here is some good news for the home-buyers of NCR as in this festive season, BDI Group; a leading realtor had announced some unique offer. A first in the NCR, this offer covers the construction related attributes of the houses for 10 years. The lucrative offer is not only limited for end users rather it attracts even investors as the warranty is transferable even to the second buyers, the only limitation is that of the duration.

"Festivity is zeal in our country. Buyers as well as investors prefer to buy/invest during this season. We have brought about a lucrative offer for our customers, a first of its kind in Delhi-NCR, the offer pertains to warranty cover for the homes. The warranty cover will be applicable to the construction related attributes of the houses for 10 years. This offer virtually surpasses all the existing offers, with this, the customers can lead a stress free life without worrying about the need to get the repairing etc done. Unlike most offers this offer shall extend even to the subsequent customer, if bought within the stipulated time. This offer will be applicable on select projects." Sumit Berry, Managing Director, BDI Group.

The project covered under the scheme BDI Ambaram is located on the Alwar bypass road. Alwar is one of the two cities of Rajasthan that comes under the National Capital Region, the other one being Bharatpur. The scenario has been changing ever since the Real Estate Regulatory Act was amended this year, prior to that the builders had liability varying between 2-5 years. But the amendment has made it compulsory for 5 years post handing over of the property. Also the formation of RERA is on the cards now. It is this change in legal scenario that is pushing realtors to come up with proposals like these to grab the attention of buyers and investors.

Other than the change in legal scenario it is the change in nature of customers that has made the developers to take steps like these. Today a buyer is much more than informed; he does not need to scout a project physically. There are tens of websites that do the research for him and provide him a proper analysis of the pros and cons of buying a project.

Mr. Gagan Malhotra, Businessman from Delhi who has booked a flat under the ongoing scheme said, “Construction warranty! For a period of 10 years, at first I did not believe my eyes but after cross checking with the developers I decided to put in my money in this project. It will be a big relief to have such a warranty cover and getting a fully-furnished apartment.” He further added that he was convinced about assured rentals and the veracity of the claim as it came from a reputed developer like BDI, and so did not hesitate to invest in the project.Before this Kemia Homes, a Chennai based company from the Kemia Group was the first to offer 10 year warranty homes in Kolkata.