Beware! Property Scams on the Prowl in Bangalore

Bangalore : Now-a-days, Bangalore is one of the best steadily developing city in India, both in commercial and residential aspects. Purchasing a property in Bangalore city can generate great returns in short span of time. At the same time, one has to be cautious while buying a property as, property scams are on an upswing. Booming market always brings unsavory people who try to make money through illegal practices and there is a steady concern about the illegal aspects of these land deals in Bangalore. Most of the Bangaloreans are paying land taxes in the absence of clear title. This is the present state of Bangalore property market.

In Bangalore, there are developers, who offer the same piece of land to several customers without clear titles. Indeed promotions on TV channels quote the BDA (Bangalore Development Authority) approbation numbers are not genuine and no guarantee that the sanction has truly been obtained. There are many fly by night machinists and others in unorganized sector that do such land scams in Bangalore.

How the property owners are suffering?

Many property owners, especially NRI’s are falling prey to the land mafia. Since they are not able to visit the property, devious real estate agents will take an advantage and sell it illicitly at high prices. There are also instances where the forge brokers or buyers get hold a duplicate of your archives and abuse them later. Some of them even change the worth of the property.

How to avoid such frauds?

There has been an interest in more prominent transparency in Indian land. The Delhi government has brought an activity with the presentation of the Land Title Registration System to track property deals. This coding system empowers online property verification and helps in avoiding scams and frauds.

The Bangalore Development Authority has issued show cause notices to all the unapproved layouts as per the Country Planning Act and Karnataka Town. It has additionally brought out a list of unapproved layouts to alert prospective purchasers.In its action to prevent property scams near Bangalore International Airport, the airport area planning authority has set up a website named biaapa.in. This website records out endorsed layouts and proposed lands.

Key points to remember before purchasing a property:

1. Buy the property if the title is clear, don’t follow lustrous ads
2. Check the mother deed and the sale deed
3. Try to get an authorized layout plan; this will help in a hassle free sale of your property in the future
4. Never sign any archive without reading it
5. Collect the duplicate copy of the first title deed
6. Regularly visit your property to check on encroachments. In case if you are unable to visit, employ a care taker

Getting a property in India is laden with loopholes and illegalities. So be cautious from property scams and fraud real estate agents in Bangalore today.

See Genuine Property in Bangalore