2016 July

The real estate industry in India is pre-dominantly a seller’s market. It is largely an unregulated industry with lack of transparency and property agreements heavily favoring the builders. People do not read the fine print as there is a general lack of awareness and become vulnerable, falling prey to unscrupulous builders. Here are some common traps that you as a prospective property buyer need to be wary of: The illusion called Sample Flat: Sample flat is one of the most potent marketing tool used by any builder. To start with, there are usually no doors in the sample flat and […]

Buying one’s own space to live is one of the most important lifelong decision for any individual. The experience is associated with not just excitement but also at times anxiety and stress. It is the biggest and most expensive financial transaction for any individual. It thus becomes imperative to do the necessary due-diligence before finalising any property deal. Here is a basic checklist before signing on the dotted line: Reputation of the builder: It is important to check the history of the builder and his company. Checking the company website would not give you a complete picture. Check out his […]