In India, the unorganized Real Estate Sector coupled with the ignorance
of investors, buyers, purchasers regarding property laws,
their rights and duties make them vulnerable to the vagaries
of the market. Consequently, people often fall victim to fraudulent deals, harassment and malpractices.
Property dealings in many parts of the country have an element
of grey and lack transparency. One of our objectives is to promote
awareness among the rightful owners of property and caution
prospective investors/buyers to check the title deeds to ascertain
the valid title of the vendor before entering into an agreement,
thus leaving no scope for misinterpretations and Agreement
Disputes.
What gives rise to Legal Disputes?
In India, Real Estate transactions are executed under written
documents which require compulsory Registration. An oversight
in adhering to this rule would lead to misunderstandings, diverse
interpretations and litigation. The sheer number of cases filed
in property matters goes to show that scrutiny and drafting
of various property documents have to be meticulously carried
out.
In majority of cases, it is the failure on people's part to take extra care for tracing the title of the property, its evaluation and verification that leads to various types of litigation. Several land use disputes have also arisen due to this.
Certain cases warrant a great amount of alertness. Instances include a relative challenging the ownership of your house giving rise to a property claim dispute stating that the house was purchased in a benami transaction. Other cases could include illegal squatters occupying a building property on your land or your property in India being sold under a forged Power of Attorney certificate.
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