Looking for property to invest your money? Open up your search engine and just type in ‘new flat for sale near me’ or ‘new residential projects near me’ and you will get thousands of results. This has its own pros and cons. On one hand you are getting a variety of options and on the other hand there are hundreds of fraud properties among these.
With the unprecedented growth of the residential real estate sector, the cases and chances of fraud has increased many fold. There are several unscrupulous builders who penetrate cash in on the property boom. To prevent fraud and get the best deal and profit, you have to become a smart and sensible investor.
Here is a guide to avoid buying fraud property:
- If you are a total beginner in this sector, then make careful and conduct an extensive analysis of the market. Verify all the offers available in the area and compare each one of those.
- Consult a well experienced real estate agent. There are a lot of fraud ones out there. Look into their qualifications, their background and also the client feedback. Also ask someone trustworthy who has been experience in real estate investment.
- For avoiding fraud cases, go and personally inspect the property before investing. Seeing the property on the web or paper and in real life is very different. Also make sure that it is legally approved and is not built on any Government land or agricultural or forest area.
- Hire a trusted and good lawyer with a lot of experience in this sector who will prepare and manage all the legalities of your documents. This will help you away from fake transactions and illegal practices.
- Keep your eyes and ears open. A good agent will guide you till you own the property and close the deal. A lot of fraudulent agents will keep blowing their trumpets and try to persuade you to see the pros of the property even if it is illegal and unworthy.
Being a smart investor is a must if you want to stay away from any form of fraud. Trust your senses, research extensively and never fall for any lucrative deal if somewhere in your head you feel its flawed.
If you are looking for high quality residential projects in Nashik then look no further than Karmaa Group. With over 40 years of experience in developing residential and commercial projects in Mumbai, they provide some of the most luxurious and affordable spaces in key locations of Nashik. All of Karmaa Group projects are bank approved and 100% authentic so you don’t have to worry about any kind of fraud.