How to Protect Yourself from Risky Realty Investment

Unclear land titles:

The land transaction becomes risky when there is no clearance on land titles. While investing in property, you need to verify past ownership of the land, to avoid problems in long run.

"The checklist that buyers must follow includes verifying if the seller is authorised to sell the land, the title is clear, there are no pending taxes/dues, the plot is approved by the city development corporation and other local authorities, and clearances for further development are in place," according to Sandhir.

Property valuation:

To minimize risk, ensure that you are paying the actual price for the property you have finalized. You can also seek help from professionals for property valuation.

According to Sandhir, "Home buyers need to decide whether the price reflects the current market reality and whether it will be a profitable investment.”

 "It helps to consult a professionally qualified 'valuer'. However, in India, there is a lack of qualified professional valuers and ignorance about valuation services which can be availed through various companies, financial institutions and independent valuers," added Sandhir.

Also, a property valuation report put light on several features like the building defects, the building required any repairs and so on.