How Developers Harass Home Buyers

6) Foul business:

The real estate industry has no such restriction for developers, which is why you need to verify developer’s credentials to avoid risk in future.  When investing in property, is it necessary to check the background details of the developers to avoid risk. Although all new developers may not fall on the list of dubious developers yet, many home buyers get trapped to dishonest investment deals.

During the sluggish economic condition, several real estate companies have gone missing, leaving behind the investors only with the purchase agreement. It is better not to believe developers completely. There are developers who set their projects under low costs and give out properties in cheap deals but in such situation, it is mandatory to check their past work details, without believing them completely. 

"The best way to protect yourself from fraudulent developers is to examine their past projects. This usually reveals the developer's true colours," said Samarjit Singh, Managing Director, IndiaHomes, a real estate brokerage.

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