Beware - Use your Judgment

It is in the interests of a user to exercise his/her best judgment to assess properties' and owners' authenticity. The claims being made may or may not be correct, a user is therefore advised to independently verify the authenticity of the claims being made. To this end, we have compiled a checklist which may help a user avoid deceit. We recommend that all our users MUST go through the checklist (mentioned below) prior to purchasing or renting a house.

How to Avoid Real Estate Fraud?

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Do not send money online to a 'supposed landlord/owner' using UPI, net banking, debit/credit cards, etc. if you have not met them personally.

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We do not recommend paying any property visit charges, gate pass charges, booking amount etc. over a call.

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In case a broker is showing you the property, make sure that you meet the owner or have a web session with him.

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Do not handover any part of the consideration/rent to the broker.

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Be wary of disputed land titles.

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Be suspicious of realty investments promising high returns (due to infra development) with little/no risk.

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Visit the property personally to check the interior and exterior condition; conduct due diligence.

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Opt for properties that have at least 3-4 clear photos of bedrooms, bath and kitchen area.

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Familiarise yourself with the neighbourhood, before moving in.

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Talk to some neighbours and make sure that the one who is showing you the property is the actual owner.

For a Buyer/Investor

The buyer should conduct checks and establish authenticity of any property, or project, its title, built up area (in standardized unit), suitability for buying in a form and manner deemed appropriate at his or her COST.

deramstate.com being an advertising medium does not and can not vouch for authenticity of content on its site. A lot of content is uploaded by the advertiser and we do not filter or verify the same. If a complaint is made, we will take remedial measures.

Certain points to bear in mind:

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Conduct a comprehensive check of ownership to verify developer's/owners' credentials.

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Visit the project site/property personally, to ensure that the broker's or developer's claim is genuine and that the property is not an 'imaginary' one.

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Opt for a builder with good track record, checking the past record of the promoters may be helpful.

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Beware of false title documents. Loans may have been secured against properties that may be disputed or have remained vacant for long.

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It is always advisable that proper due diligence on the property is conducted prior to entering into a transaction related to a real estate.

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Keep in mind that open areas - lobby, park, terrace, pool, gymnasium, and lift/elevator - are not a part of Floor Space Index (FSI) or Floor Area Ratio (FAR).

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The Real Estate (Regulation and Development) Act 2016 and its related provisions and their applicability to the project.

For a Tenant

Certain points to bear in mind:

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Visit the accommodation/property and meet the landlord.

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We strongly recommend to NEVER PAY any property visit charges, gate pass charges, booking amount, etc. for visiting a property.

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Check all the rooms, including the kitchen and bath area for plumbing problems, such as fixture leaks and seepages, clogged drains and pipelines.

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Find out about the security deposit in a particular area before making the payment. Unscrupulous individuals may ask for unjustified amounts of money.

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Ascertain access, safety and security.

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Ascertain all areas in standardized units.