Important Alerts Indicating Property Scam's

The real estate sector has been inherently dynamic in nature, with its parameters fluctuating in accordance to national economy, employment trends, population and inflation. The trickiest element acknowledged by industry experts is the pricing structure that varies across cities, SEZs (special economic zones) and builder groups, depending on current hype of luxury apartments with focus on demand-supply ratio. It is not easy to convince any investor in the first attempt to pay for a high budgeted property. While genuinely reputed trademarks maintain stand grounded with their price tags, minor players come up with fresh offers which appear lucrative enough to bait the customers.

Whenever a ‘deal’ sounds too-good-to-be-true by promising unrealistic returns or offers, a scam threat might be lurking underneath. For instance, the example of Kerala-based developer ‘Apple a Day’ can be cited, which promised apartments and villas in the Cochin city-center and bagged in investment down-payments amounting to Rs.1000 crore from people who fell prey to the false advertisements.

Also, when the builder is in a hurry to close the deal, and advertises announcements like ‘last day of discount on prices’, ‘closing date of 70% down-payment booking’ or ‘limited availability of 90% home-loans’, it indicates an urgency to sell the property by anyhow trapping the customers in their money-loops. Most of the property scams, as evident from builder reviews, tend to quote a surprisingly discounted budget below market standards at the condition of bulk down-payment.

Any genuine property deal is bound to involve the signing of major documents like title deeds, sale agreement, registration documents readily. Fraudsters on the other hand, prefer to soak up raw cash from the investors avoiding any paper work that will leave a proof of trace. They tend to delay any legal paper works involving signatures and ID proofs. These scammers also lack papers certifying the property approval.

Indian Real-Estate recently has been experiencing a staggered growth phase due to its feeble economy struggling to put up with the logarithmic inflation rate. As an obvious consequence the league of builders, who during the last decade saw quite a fortune of profit-making owing to bulk-sale in residential and commercial complexes raised at favorite realty hotspots, are still bullish in their intentions of sustaining business within the hyped metros. With more and more brands competing to line up gated communities across metro skylines, new innovative selling schemes seem to pop out of the ‘Marketing’ box to attract investors. It is hence truly vital to cross-check the authenticity of all the attractive offers from Consumer reviews portal for Realestate builders before indulging into any kind of investments.