When we talk about homes, we talk about joy and ease. But sometimes things turn into a nightmare. People end up getting into the hands of scammers and this leads to further troubles. Real estate scams are on a rise lately in India. The best way to tackle these scammers is to have the right kind of knowledge. How to look for the best builders in India? There are things that you need to pay attention to. We spoke to https://radvi.com/in/real-estate-india-locations/coimbatore-real-estate-properties-land/ about why people fall into real estate scams.
Greed and curiosity pull people into scams.
How to hire the best builders in India and avoid getting scammed?
Lately the real estate industry in India has started to grow with an immense pace. Where this has provided opportunities to the common crowd, there some scammers have started to lurk too. Day after day people get scammed in the name of getting a house or an apartment. It not only deprives one of hard-earned savings but damages them emotionally too. So, how do you ensure that you get the best builders in India and not get scammed?
1 – Checkout their website!
We do not live in the iron age. We live in a digital age where every person or entity has a digital presence. You tell someone about some company and the first thing he/she will do is to search online. We expect things to have an online presence. And an absence of one instils doubts within a mind.
When it comes to real estate, a website becomes very crucial. All the reputed builders in India hold an online presence to showcase their image. Thus, if you get a call from a real estate firm, the first thing you must do is to look at their website. Here are the things you must look for –
- The about page with address and phone number.
- Testimonials they’ve got from their famous clients.
- Their portfolio and future projects.
- Does the website look genuine or a trick to lure people in?
By looking at a website alone you might be able to tell if it is a genuine website or an attempt to trick people into believing. Many scammers create simple websites to trick people in. Thus, the next step must be to visit the address provided in the about us page. Check out https://radvi.com/in/real-estate-india-locations/coimbatore-real-estate-properties-land/ for an idea about what a website must look like.
2 – Visit the real estate firm!
Having a local presence is as important as having an online presence today. A website is easier to make, but an office is much harder. Thus, you must visit the real estate firm locally. Most people open up their offices into the very locations of the project they are working on. But this is not always the case.
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Meet them and question them thoroughly. This will help you get an idea about what the realtor is. Here are few of the questions you must ask –
- How many years of experience does the person have?
- What are some of the famous projects the company has worked on?
- Do they offer any home warranty or not?
- How are they better than other famous builders in India?
- What are the different services you offer?
- Can you help us see a home or project you are currently working on?
- How do you handle the delays in the construction? Do you pay for the time you have delayed the project?
- Do you have a licence or not?
- How do you decide the price and what will be the final amount?
- What are some of the quality features of your home? Do you make use of energy-saving technologies?
- How long before I enter my new home?
- Can I read the contract we will be having?
Asking these questions will help you get an idea if the person is a scammer or not.
3 – Ask to guarantee no future cancellations!
This is a very common practice in the real estate world. Many builders in India delay the project and cancel when there comes a chance of a hike in prices. They thus force cancellations and then sell the same project later on at higher prices. This helps them gain profits on the same project.
To deal with the same, ask the developer to give you a written statement that the contract will not be cancelled in future at any cost.
4 – Notice the behaviour!
As a person you must be able to pick up small hints from the person as you speak. Read the gestures and try to understand if the person is hiding something up their sleeves. If you sniff anything odd, be vary of the situation. Also, check the licence of the agent and get it verified to know if the licence is real or not.
Furthermore, cross check about the builder from your relatives and locals around. Cross check the same through searching online. There are websites that tell people about possible scams. Search for it. If from every source you hear that the person has not heard of the company, and the company is comparatively old, then you must be cautious.
5 – Changes in the approved plans!
This is the most common fraudulent activity that many builders do. They bind people into a contract first and then make changes in the plan. This leads to violation of law and demolition of the building thereafter. This is why we always tell people to go for best builders in India. And even then, always read the contract carefully. Hire a real estate consultant to help you out in your buying process. This will help you avoid any technical follies.
6 – Duplicate papers!
Another common scam that runs upon the lawns of the real estate industry in India. Fake builders prepare fake papers or the properties that do not belong to them. This usually happens when the property has not been used for a very long time. You might not be able to verify the duplicity on your hand. The best way is to hire an attorney to help you out verify the originality of the papers and the agents.
Following these few things will ensure that the builder you choose is good. The assurance is never completely there, but we always want to keep the risk to as low as possible. The suggestion is to always go for the best builders in India around you. https://radvi.com/in/real-estate-india-locations/coimbatore-real-estate-properties-land/ says that it is always a good choice to spend some more on quality then to lose it all in a scam. Never hesitate to consult a real estate advisor in your buying journey.
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