The Indian real estate segment has been characteristically vibrant in nature, with its features kind of unstable in agreement with the monetary structure, work trends, population and level of inflation. The confusing aspect recognized by trade advisers is the assessment structure that undergoes considerable changes depending upon cities, special economic zones and constructor teams.
While established names had a comparatively smoother ride to customers, new ones and medium level companies had to work hard for survival.
To tackle the prevailing issues, many builders are coming up with lucrative discounts, freebies etc. Of late, there has been a plethora of such opportunities across the nation, especially from medium or start- up firms.
Though these discounts are aimed at sales, at times they might be covering up underlying scams. The prices much below the market rates could be an indicator of serious problems which may not be easily comprehensible. But, such a property might cause concern in the future.
Therefore, the buyer has to be careful not to fall prey to such offers. Such a deal where prices are seemingly exceptional could be approached with caution.
Yet, at times low prices might indicate a justified urgency on the part of the seller. Therefore, it is vital to scrutinize each and every aspect of the deal, and if need arises, legal help could be taken.
And, some properties assure easy paper work, another tricky sales factor. It is imperative to know that a property deal involves considerable amount of paperwork, and assurance on lack of them could be a cover-up as well.
And, all the vital documents from builders have to be carefully analyzed. Any delay in paperwork should be subjected to investigation.
The Indian realty sector lately has been undergoing a stunned development partly due to the feeble economy and worsening inflation. With supplementary and additional brands interested in gated communities, innovative marketing patterns seem to kick start the ‘Marketing’ box to attract potential investors. Therefore, it is very much important to see the reliability of offers from property owners or agents prior to indulging in troublesome deals.