Dibakar Bannerjee’s runaway hit Khosla ka Ghosla induces side-splitting laughter every time you watch it, doesn’t it? Look closely and you’ll see, therein lie some great cautionary tips for property hunters. Words of advice before you read on, though, don’t try the stunts you see on screen, at home.
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Beware Of Land Sharks
This remains the central theme of the film and is also the most valuable piece of advice that the film leaves you with. When buying property, no amount of background checking is enough. Speak to everybody you can in the locality and if you hear of land-grabbing stories, think again about your choice.
Think Before You Trust Your Broker
If you’re looking for real estate through a broker, make sure he/ she doesn’t escape the routine background check either. Don’t fall for easy assurances on his/ her part alone. Do your bit, look for testimonials, google the name of the person, the agency and the area. If anything, unpleasant is thrown up, confront your broker immediately.
And if you want to avoid the hassle of a broker altogether, log onto www.nobroker.in.
Visit Your Property Often
More sound advice, albeit through this comedy is that it may not be wise to leave your land unattended for long periods. Visit it as often as you can to make sure there are no signs of encroachment on your property or neighbouring ones. Hire a caretaker if you can afford one.
Read: Buying a House in India: A Comprehensive Guide for Homebuyers
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Does Your Property Really Belong to You?
This might be valuable for people investing in land or housing projects that are only on paper at the moment. Make sure you look at all the papers with a fine-toothed comb, don’t skip any details. Remember how Mr Khosla got away with selling Government land to Mr Khurana? That’s where you take your cue. Make sure the land is not under litigation, and enquire at the nearest police station if needed.
And of course, last but not the least, may we add that you think twice before you name your child something like ‘Chironji Lal’ or ‘Cherry’. Remember the hapless Parvin Dabas who, in the midst of great financial trouble, can’t still stop feeling embarrassed about his name. Our hearts went out to him and we couldn’t help but bring it up!
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FAQ’s
1. What are some common real estate malpractices?
Ans. Property seizure and occupation, duplication of records, and non-payment of arrears are some of the common real estate malpractices in India.
2. Which is an example of property fraud?
Ans. Property fraud can occur, for example, if anybody forges your identity and transfers your estate into their name while also recording a document in the Official Records. This fraudulent activity can give the impression that such a person owns your real estate, and you may be unaware that it has occurred!
3. How do you deal with property fraud?
Ans. In this case, the first purchaser of the property may file a police report as well as a lawsuit against the seller. In such cases, the court will usually issue a stay order. It is also a good idea to send a notification to other buyers informing them of your situation.
Read: A Complete Guide to Greater Noida Authority Housing Scheme 2024
4. What is a phantom sale scheme?
Ans. A phantom sale happens when a house is sold by someone who lacks legal authority or justification to do so. Typically, a phantom sale scam begins with the identification of a property that has been neglected or is not currently being lived in or controlled.
5. How do you investigate land fraud?
Ans. Cases of land fraud are formally reported to the Public Complaints Commission. The complainant is informed, and if they believe the complaint warrants further investigation, the complainant is referred to land fraud using a referral form. The Team take up the case or provides appropriate advice.
