Property Dispute Lawyer

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Property Dispute Lawyer on Real Estate Frauds in
Delhi

• Contact-
• Mr. Kislay Pandey
• Tell-91 11 3044 64 89

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Real estate is always governed by hopes,
fluctuations and fears, but for last few years
this sector has become infamous for property
related frauds and Delhi is among top cities
where the list of such cases is getting bigger
and larger. As per the latest report presented by
National Crime Records Bureau (NCRB), the capital
city tops in the list of cases related to
property fraud and misappropriation among all
states and union territories of the India.
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In the year 2013, the total number of such cases
reported in sections of property lost under
criminal breach of trust and cheating were 181.
This figure is far ahead of other big cities.
Among the total 181 cases, 173 were of cheating
and rest(8) were of criminal breach of trust.
According to Mr. Kislay Pandey - Property Dispute
Lawyer, the Supreme Court of India," These days,
real estate is one of the best investment option,
but it is equally true, that lack of strict
regulations and entry barriers are encouraging
wrongdoers in making frauds. Now, it is the
responsibility of buyers and investors to verify
the builder's credentials and inquire about the
past project they have completed."
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Yes, getting the thorough details of the past
projects of developers is the easiest way to
secure oneself from their fraudulent practices.
To get the right information you need to invest
some of your precious time, but its benefits are
significant in protecting one's hard earned
money. Moreover, it is better to approach a
listed or reputed builder rather than dealing
with the novice, not-known or small builders. Due
to limited liabilities, a small level builder can
easily close a project and shift to other
locations. According to Mr. Kislay Pandey -
Property Dispute Lawyer, the Supreme Court of
India," reputed and listed companies are bound to
long term goals and their small mistakes can
leave their business in big lurch, that is why
they are liable to comply government made rules
and regulations."
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Some precautions from the buyers' side can save
their valuable money and time. He/she can have a
detailed look of the agreement, the title of the
property must be clear and marketable.. In
addition, it will be good for the buyer to search
the title report of other projects by the same
builder, it is also advisable to ask for the
building completion certificates of those
projects. The sale agreement must contains
municipal-approved plan, price of the property
including the proportionate price of common areas
and facilities.
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Thanking You