The Top 5 Real Estate Frauds: What They Are and How to Prevent Them from Bhatia's blog

Contrary to popular belief, investing in real estate in India might be challenging. Despite the numerous laws and regulations in place, scammers continue to defraud consumers of their hard-earned money.

Real estate fraud is becoming increasingly common in India, which is concerning, especially for novice investors who may not be familiar with the numerous methods fraudsters use. People suffer as a result, losing money and, more significantly, peace of mind.

Here are the top 5 real estate frauds in India nowadays that you should be aware of if you're going to buy a property. Here are the top 5 real estate frauds in India nowadays that you should be aware of if you're going to buy a property.

One of the most common real estate scams in India is title deception, in which the con artists offer a property that is subject to some sort of dispute, like a mortgage that the buyer is unaware of. For the same property, several buyers frequently make token payments (and occasionally very large sums). And it is already too late when they realize they have been conned.

One of the most noticeable sorts of real estate fraud is the frequent making of promises to buyers that turn out to be false. For instance, the builder can trick you into investing in a certain property by promising you a high return.

Or he might tempt you by promising a significant discount if you invest right now.

Delays in possession are a common form of real estatefraud in India.

Years after the claimed delivery date, the buyer still hasn't received their property, and there's typically some legal complication around it as well.

Sometimes when a buyer makes an investment in a property at a certain rate, everything seems to be going smoothly until it isn't. When the project is delayed, the builders try to cancel the earlier reservations in order to resell the same property for a higher price.

Many buyers have fallen victim to these real estate scams in India because they were unable to determine the builder's or developer's true intentions.

Fraudulent activity in real estate is common, especially when it comes to property ownership. A real estate fraud type that prevents the buyer from accessing such ownership documents is another.

When the buyer requests a physical inspection of the property, the builders in such situations frequently come up with justifications. And if they continue this deception long enough, an unsuspecting customer will probably fall for it.