Booking an under-construction apartment can be a smart way to get a home at an earlier stage, but it also requires more careful checking than buying a finished one. Here are seven things to review before you commit.
1. The developer’s track record
Check how many projects the company has completed and whether they were handed over on time. Visit a finished building and ask residents about quality and support after handover.
2. Approvals and the building plan
Ask to see the approved plan and the relevant permissions. Make sure the project in the brochure matches what has been approved, including the number of floors and the unit layouts.
3. Land documents
The developer should be able to show clear ownership or development rights over the land. Have your own lawyer review these documents before you pay any significant amount.
4. Construction progress and timeline
Visit the site, see the actual progress and ask for a realistic schedule. A project that is moving steadily is a good sign, while long periods of inactivity deserve questions.
5. Written specifications
Get a detailed list of materials, fittings, finishes and facilities included in the price, and make sure it is attached to the agreement. This protects you from disputes about what was promised.
6. Payment schedule
Understand every instalment and when it falls due. A schedule linked to construction progress is generally easier to manage. Keep receipts for every payment.
7. Handover and delay terms
The agreement should state the handover date, what happens if there is a delay, and what extra charges, if any, apply at handover.
Final thoughts
An under-construction apartment can work well when you do your homework. Take your time, put everything in writing and get independent legal advice. For a broader checklist, read our guide to choosing the right apartment in Dhaka, explore our featured properties, or see about Milestone Group.
