Before you buy a property in world's top 10 entrepreneurial cities,
Bangalore, you must know what's what of things. In the recent years, the
city has been seen embroiled in several land scams and flimflams. So,
if you are eying deals on Bangalore flats, it would be better to get into the nutty-gritty of everything related to your 'would-be' purchase.
The plots within the city must be registered with BDA (Bangalore Development Authority). But what the defrauders do is make false claim for having got the approval. This can mislead the buyers and they may embroil themselves in a legally precarious situation. It would be wise to see the rubber-stamped papers issued from BDA before you proceed any further with the purchase of house in Bangalore.
Double dealing is one thing that the buyers usually fall prey to. There have been the cases when a house was sold to more than party. The NRI investors are the worst sufferers in such cases, as they cannot visit the plot themselves. Before you take the claims of a dealer of land being sold to you to be true, do visit the site first. Do scrutiny; make inquiries of the land from the concerned authorities.
Before agreeing to pay any money for buying flats in Bangalore, check the previous record of the developer/dealer and ask him to present the approved layout plan. Some of the dealers may dupe by selling land belonging to the government-notified areas: these are reserved by the government exclusively for future developmental plans, but the agents in the city can hoodwink by selling these to you. They get their money and you get caught in the never-ending legal ballets. You may also be buying a property that is an encroached in the BDA land. So, be well-informed of the things.
The 3000-crore land scam of HMT in January this year involved illegal selling of land to several builders. The land was sold at amazingly lower price rates, as compared to the actual prices. And on the lines of same, the number of scam deals related to Bangalore real estate has been huge.
Keep your eyes and ears all open before your put your signatures on any paper. Never skip any TOC (Terms of Condition): read them all. Look for the name of the owner whose property you are buying.
At Makaan.com, you can find a wide range of properties to be used for residential and commercial purposes. The real estate portal is India's fastest growing property website and lists property requirements of users with different budget and priorities.
The plots within the city must be registered with BDA (Bangalore Development Authority). But what the defrauders do is make false claim for having got the approval. This can mislead the buyers and they may embroil themselves in a legally precarious situation. It would be wise to see the rubber-stamped papers issued from BDA before you proceed any further with the purchase of house in Bangalore.
Double dealing is one thing that the buyers usually fall prey to. There have been the cases when a house was sold to more than party. The NRI investors are the worst sufferers in such cases, as they cannot visit the plot themselves. Before you take the claims of a dealer of land being sold to you to be true, do visit the site first. Do scrutiny; make inquiries of the land from the concerned authorities.
Before agreeing to pay any money for buying flats in Bangalore, check the previous record of the developer/dealer and ask him to present the approved layout plan. Some of the dealers may dupe by selling land belonging to the government-notified areas: these are reserved by the government exclusively for future developmental plans, but the agents in the city can hoodwink by selling these to you. They get their money and you get caught in the never-ending legal ballets. You may also be buying a property that is an encroached in the BDA land. So, be well-informed of the things.
The 3000-crore land scam of HMT in January this year involved illegal selling of land to several builders. The land was sold at amazingly lower price rates, as compared to the actual prices. And on the lines of same, the number of scam deals related to Bangalore real estate has been huge.
Keep your eyes and ears all open before your put your signatures on any paper. Never skip any TOC (Terms of Condition): read them all. Look for the name of the owner whose property you are buying.
At Makaan.com, you can find a wide range of properties to be used for residential and commercial purposes. The real estate portal is India's fastest growing property website and lists property requirements of users with different budget and priorities.
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