NRI buyers: Be doubly cautious
* Additional facilities at no extra cost.
* Showing false government plans of developing infrastructure in that locality so as to make the project lucrative.
* Providing incorrect and fictitious references and testimonials of clients and customers from the NRI community.
Select the Right Developer
Here are a few guidelines for choosing the right developer:
* Check track record of projects completed and look out for delayed projects
* Seek information regarding customer service quality and complaints made by buyers, if any.
* Enquire about the quality of construction and fittings in earlier projects.
* Look out for history of any litigation either with a customer or civic agencies.
Verifying the Documents
There are a few documents that the NRI buyer must insist on checking in original both at the time of booking a house as well as at possession:
* Clear Title deed in original along with history of transaction on the property.
* Encumbrance Certificate.
* No Due Certificate from bank if property was mortgaged.
* Approval of layout of the project.
* Intimation of disapproval by local civic authority (valid for one year only).
* Building Use Permission from local municipality consisting of:
NOC from department of fire services, power load sanction from the local electricity board, permission for drainage and sewerage connections, permission for water supply, approval from pollution control board, permission from the public health authorities.
NRI buyers must stay clear of the arbitration clause in the agreement drafted by the developer. They should not agree to the
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