Property scams in Noida are no longer rare. From promising sky-high returns to forged documents and even cases of the same property being sold to multiple buyers, buyers are lured into traps with alarming ease. With the right guidance and alertness, you can evade the scams!
Hear From The Top Real Estate Consultant In Noida About What Can Be Done To Escape Property Scams.
1.Choose Trusted Real Estate Consulting Firms
A real estate firm knows the ins and outs of the local market very well. The agents can smell if there is anything fishy involved in the transaction. They will review all the contracts with you and identify any possible risks. Confirming whether the real estate agent is legally authorised and has the appropriate license is also important.
In India, the state’s Real Estate Regulatory Authority (RERA) issues licences to agents. They also need to Obtain a Professional Tax Registration (PTR). Reputable real estate consultants in Noida lower possible dangers and help navigate the intricacies of real estate deals.
2.Make Physical Visits To The Property
You cannot trust what is being advertised to you online. So, going to the property you are buying in person is imperative. This way, you can identify potential flaws in the property, if any. It also allows you to inspect the surroundings. The best way to do this is to take a Noida property agent with you.
3.verify the documents
Recently, the news of fraudulently selling a ₹12cr plot in Noida flooded all over. Noida Police detained nine individuals for allegedly using forged registry documents. There are so many cases like this. So, verifying the documents well before making any move is imperative.
Verify if the property is free of legal disputes. Ensure all documents, such as the sale deed, building plan approval, etc., are authentic. Do not just trust photocopies. Ask for the original document. You can get it checked from a Sub-Registrar’s office or real estate consultancy in Noida.
4.reputated bank loan
Surveys show that most urban Indians prefer to take home loans. However, to avoid scams, you should always go to reputed banks and not fall for other marketing gimmicks. Trusted names like HDFC, SBI, ICICI Bank, Axis Bank, LIC Housing Finance, or Bajaj Finserv offer secure processes. These also maintain transparent documentation, verified legal checks, and a higher level of customer protection in case something goes wrong.
4.being careful while making payments
Payments are crucial in real estate transactions. If you have a property consultant in Noida, ask them what is the best method to use. Use traceable payment methods, like bank transfers or payment apps. Also, never make full payment upfront before the legal paperwork is completed. Payments should be made in instalments tied to construction milestones for under-construction properties. Get a receipt or acknowledgement letter after every payment is made.
5.Do Not Fall For Marketing Gimmicks
Falling for marketing gimmicks while buying properties can prove dangerous. Offers like “last plot left” are advertised to entice buyers into buying a property quickly. You should not let this sway your decision. Take your time, see which real estate consulting firm the property is associated with, check if the property checks all your boxes, and then make a decision.
Legal Ways To Deal With Property Scams In Noida
Indian judicial system has multiple legal resources to help a victim of property scam:
Civil lawsuits: Through litigation, victims may be able to obtain monetary damages and, in some situations, legal fees.
- Legal experts
Hiring a lawyer can help you with your legal recourse. This usually involves incurring a lot of expenditures, but it is worth it.
- Criminal complaints
You should file a criminal complaint in case of a property scam. Penalties, such as imprisonment, may result in the scammer.
- Communicating with the seller
Notifying the vendor in writing can occasionally speed up the restoration of your money. Informing them that you will file a lawsuit can occasionally successfully coerce them into giving the money back.
- Consumer Protection Laws and the RERA Act
Consumer forums and RERA authorities offer channels for recourse in cases involving unfair practices, deceptive advertising, and delays in project completion.
the bottom line
Protecting yourself from property scams has become more important than ever. Having a good agent by your side can make all the difference. There are many real estate consultancy services in Noida, and with a little research, you can find the ideal one. Make wise decisions and safe investments!!!
