Safety Guide

For a Buyer/Investor

The buyer should conduct checks and establish the authenticity of any property, or project, its title, built-up area (in standardized unit), and suitability for buying in a form and manner deemed appropriate at his or her COST. Estell InfraEdge being an advertising medium does not and can not vouch for the 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:

• Conduct a comprehensive check of ownership to verify the developer’s/owners’ credentials.
• 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.
• Opt for a builder with a good track record, checking the past record of the promoters may be helpful.
• Beware of false title documents. Loans may have been secured against properties that may be disputed or have remained vacant for long.
• It is always advisable that proper due diligence on the property is conducted prior to entering into a transaction related to real estate.
• Keep in mind that open areas – lobby, park, terrace, pool, gymnasium, and lift/elevator – are not a part of the Floor Space Index (FSI) or Floor Area Ratio (FAR).
• 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:

• Visit the accommodation/property and meet the landlord.
• We strongly recommend NEVER PAY any property visit charges, gate pass charges, booking amount, etc. for visiting a property.
• Check all the rooms, including the kitchen and bath area for plumbing problems, such as fixture leaks and seepages, clogged drains and pipelines.
• Find out about the security deposit in a particular area before making the payment. Unscrupulous individuals may ask for unjustified amounts of money.
• Ascertain access, safety and security.
• Ascertain all areas in standardized units.

How to Avoid Real Estate Fraud?

• 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.
• We do not recommend paying any property visit charges, gate pass charges, booking amount etc. over a call.
• In case a broker is showing you the property, make sure that you meet the owner or have a web session with him.
• Do not hand over any part of the consideration/rent to the broker.
• Be wary of disputed land titles.
• Be suspicious of realty investments promising high returns (due to infra development) with little/no risk.
• Visit the property personally to check the interior and exterior condition; conduct due diligence.
• Opt for properties that have at least 3-4 clear photos of bedrooms, bath and kitchen areas.
• Familiarise yourself with the neighbourhood, before moving in.
• Talk to some neighbours and make sure that the one who is showing you the property is the actual owner.