The Reason behind the Rising of Intellectual Property Frauds in India
Investors always prefer steady returns and the way the real market is booming, it has become the first choice for the investors. However, some investors fail to get the benefits stated by realty agents. There is a rising number of property frauds now in the news. However, if investors are aware, the fraud can be checked.
Here are possible reasons behind property fraud.
1. False promisesThere is an increasing rate of competition in the real estate industry. Builders try to take advantage of this situation. They try to lure investors with flashy promises. There are different advertisements with false promises that will hamper the investors. Hundreds of crores of rupees are being washed from the investor’s wallet. There are some builders who have hidden terms and conditions. They will make a huge loss to the investor later.
2. Hefty rental return
Most of the builders publish flashy advertisements regarding their projects. They showcase their projects with fixed rental income from the properties. Some builders also go the extra mile by showcasing maximum returns with their investment. But, in reality, they do suffer from their own investment. Therefore, it would be great to come with the right research before going on a hefty investment.
3. Fraud title
Title fraud happens with both sellers and developers. There are a number of cases that have been recorded that are about scammers and fraud titles. In this way, investors do lose a huge amount of money. Therefore, it would be great to come with a valid verification regarding the title and its disputes. There is a related genre or real estate fraud where the buyers purchase their dream home by spending a hefty amount of money but later they find the title is disputed. Therefore, it would be the right way to make all these things possible.
4. Project delays
Each and every project has a certain deadline. They need to be completed within that time. Sometimes, builders delay the project and that causes massive loss to the investors. Therefore, it would be great to consider all these things before going to invest in these projects. If the developer is delaying deliberately, it would be the biggest thing that will impact the revenue.
5. Fake plans
There are certain norms for each city and for property dealers. Sometimes, these developers deliver fake plans that will cause huge losses for the investors. Therefore, it would be great to come with certain plans that will not only come with a high return but also they should safely drive their revenue.
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