Are you buying a house in India?

      It is said that once you get cheated by someone you never believe on that person or thing. Buying something comes with a price and it is very difficult for someone to accept any kind of mess after the thing is purchased. When we don’t get something the way we had expected we feel cheated and to avoid that one must take decisions very carefully and with proper knowledge. So here are something’s which you need to know before buying a house in India.

    I will share a personal experience with you guys. Three years ago one of my relative had invested in a residential project in Mumbai. She met me yesterday and I asked her about the likely date of possession. I was stunned by the news which she gave me, she told me that she still have not got the possession though she has made whole payment and even she got to know that the building comes under earthquake zone and no precautionary measures are taken by the builder. This is just not the case of my relative there are many people who experience such kind of deceit from their builders and can’t do much about it. Over the years builders have come up with many tricks and tactics to cretin the investor.

Let’s see the common tactics used by the builder to cheat an investor:

1.Stylish sample flats:  We humans like to fantasize and like to believe that pleases our eyes. We live in a materialistic world where something which is expensive and unique catches our eyes and builders take advantage of such innocent human behavior. They show investor something which is not really true and makes the investor believe that their dream flat will look just the same.

2.Possession date:  Builders never mention the possession date in contract and thus take an advantage of this situation. Always make sure that the possession date is mention in contract and all the legal formalities are done before hand so that in case of fraud you can file a complaint against the builder.

3.Fake discounts: While going through certain websites you get to see builders offering discounts and things for free. Never believe on such deals. Get all the information before going for any deal because no builder pays extra money from his pocket it is the buyer who has to pay to get extra facilities.

4.Illegal land: It is observed that the builder never mentions about the illegal issues and later it is found out that the land was coming under flood prone area or earthquake zone. It creates problems for investors in future as Government may bring stay on construction of building or can take serious actions against the builder but this in turn affects the buyer as he suffers a loss.

5.Fake Information: It so happens that a builder tells you that 90% of flats are sold out and only 10% are remaining and they pressurize you to take the flat. Never believe on that information it is their trick to sell a flat to you, never take any decision in hurry gather enough information and then make a right choice.
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