Buying a property in India, especially in Chennai, is a big decision, but real estate scams can make it risky. Many people may lose their money because of fake sellers, illegal deals, or false documents. With fake promises, scammers play tricks on buyers, offering cheap prices and quick deals. Whether you are a first-time buyer or an experienced investor, staying alert is important to avoid real estate fraud.

Various Types of Property Scams in India

How can I avoid being scammed as a seller?

To help you stay safe and prevent fraud while investing in property, we are helping you by adding some tips that give you a clear picture of property fraud. But before that, let's focus on how these fraudsters operate.

Fake Sellers

Scammers may advertise for properties that they do not own.

Findbhk advises property seekers not to pay any token amount over phone before meeting the person.

Illegal Properties

Few of the properties in India are built on lands that the government does not approve. Buying such properties leads to legal trouble for you and your family.

Multiple Sales Fraud

This is a new trick these days. A scammer sells the same property to various buyers, which leads to disputes and losses for buyers.

False Promises

Never trust false promises. Many builders in India claim high returns or promise that the project will be completed on time. However, having all these details in writing on legal documentation is important before proceeding.

Missing Approvals

All projects in India need government approvals. Without the approvals, scammers sell the properties and make them illegal.

Fake Rental Listings

Nowadays, scammers post false rental ads, collect payment in advance, and disappear without providing the property.

Land Grabbing

Land grabbing is very common across India. Scammers focus on illegally taking over the lands if the owner is absent or unaware.

Title Fraud

Scammers create fake property papers and sell land using false ownership documents.

Ways to Avoid Real Estate Scams in India

We have provided detailed information on how to avoid property scams in India. This section covers the mandatory tips to help you stay safe while investing or buying property. Most Scammers in India, especially in Chennai, use various tricks to deceive buyers. So, it is crucial to stay alert and verify everything before deciding. Take your time to read and follow these guidelines carefully.

Following are the tips and ways to avoid Biggest Real Estate Frauds in India:

Avoid Unrealistic Offers

If a deal sounds too good to be true, it probably is. A lot of scammers attract you by offering properties at a very reasonable or even low price or promising huge returns. Before stepping in, compare the prices with similar properties in the locality.

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Verify Property Documents

Before making any payment, make sure to check all the property documents. Do not hesitate to ask for legal papers or documents such as sale agreements, approval certificates, and title deeds. Before proceeding, visit the local land records office to confirm the ownership. Conclude that the property is registered and has all necessary clearances.

Check the Seller's Background

Verifying the seller's identity is mandatory in this case. If you are buying from a builder, investigate their previous projects and always keep an eye on reviews to understand better. If it's an individual seller, then no problem; ask for Identity proof and ownership documents.

Beware of Fake Rental Listings

Are you planning to rent a house? Then, be careful of fake ads. Some scammers post rental listings, take advance money, and disappear. Visit the property, meet the landlord in person, and verify ownership. Once you have confirmed all these details, make the payment.

Visit the Property in Person

Be cautious and never purchase a property without visiting it in person. One of the most common scams in India involves fraudsters selling land that either does not exist or belongs to someone else. A personal visit always helps you to confirm that the property is real and matches the details given to you or not.

Uncover Hidden Property Issues

Always check for major problems such as damage, leakage issues, mold, or pest infestations when showcasing a property. Sometimes, sellers conceal these serious issues from you.

Get Legal Help

Legal help is always a better option. Without wasting your time, hire a lawyer to protect you from fraud. A legal expert checks the necessary information, such as documents, and verifies property ownership. Your lawyer guides you through the process. You may have to spend some money for legal help, but it is worth it to protect yourself from entire investments.

Avoid Paying Large Amounts Upfront

You don't need to pay a large amount before signing a proper agreement. Don't risk losing your money by paying in advance. Scammers often disappear once they receive the payment. Instead of paying cash by hand, always use secure bank transfer methods.

Check the RERA Registration

The Real Estate Regulatory Authority, also known as RERA, helps you avoid fraud. Before investing, visit your state's official RERA website to verify the details and confirm whether the project is registered with RERA.

Be Cautious with Online Deals

Many scammers in India operate through online platforms to scam buyers. If you are dealing with someone online, then verify their details carefully and never make any payments without proper confirmation.

Check Government Approvals

This is a mandatory step for buyers. Always check if the builder has received permission for construction, environmental clearance, and land use. Without these, the property could be illegal, and a lot could be waiting for you in the future.

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Final Thoughts/ Conclusion

After reading this blog, we hope that you have a clear understanding of how to avoid real estate scams in India. Buying a property is a dream for most people in Chennai, so stay alert and protect yourself from falling into fake scams. Always verify documents and check the seller's background. Never make advance payments without proper verification. Scammers are everywhere in India, but you can make a safe investment with the right precautions.