Investing in the real estate property is the most risky investment, but also a beneficial deal for the future. Properties are the most profitable possessions people own, but at the same time they must be cautious in dealing with the developer. There have been many cases where the investor has lost money due to a suspension of the property, denied possession or delivery of possession delayed for years.
You can spend time and money by following with the developer to get the possession, who may vanish with all your invested money. Eventually, you end up filing a case against the developer at the consumer court. Going for the Consumer Court Case Real Estate is considered as the best step one can take against the developer.
However, being cautious is the primary thing to consider. We bring you with essential steps to consider evading real estate property fraud:
Research the Market Trends: Real estate market keeps fluctuating regularly. Therefore, it is important to know the market price of the respective city’s real estate business. Make sure the locality offers a profitable future and results into a lucrative investment. Seek property expert help to gain in-depth research about the market trends.
Combat yourself with Legal Action: Some real estate developers may bring inconvenience while handing over the flat possession or demand for more money, leaving you with no option but to pay. During such situation, seeking a consumer court could be helpful in taking legal action. For instance, if a developer in Mumbai is denying you the flat, then you can file a Complaint against Builder in Mumbai through consumer court.
Verify the Builder’s Track Record: In the age of social media, one can easily get to know the reputation of the builder building respective project. Check their earlier projects and customers comments on real estate forums, Twitter and Facebook. This would certainly give you a sense of confidence to invest in the project developed by the builder, if found viable.
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