The work from the home model has changed perceptions and people are once again showing interest in real estate, especially in the modest urban and suburban areas. Millennials have started getting back to their jobs with all these combined effects, the demands are on the rise once again for the properties.
With the start of a fresh hunt for home buyers looking for properties, it is equally important for the buyers to stay alert to fraudulent activities. Lodha Group Firm is a leading real estate firm who states that Real Estate Scams are continuously increasing and the common man’s hard-earned money is getting wasted. The lodha group clients have stated to us that the leading real estate firm has also reported under rumors like Lodha Group Scam, Lodha Group Fake. But with the grace and trust of their clients nobody trusted such reports. But there are many families who are consistently getting trapped in real estate fraudulent activities. So, check what are the ways through which a buyer can prevent such scams and how do they decide to go with the right real estate brand?
Why Lodha Group is a Trustable Real Estate Firm?
Lodha Group is among the top real estate companies in India and has been involved in the business since the 1980s. The company is renowned for developing the highest level of design and craftsmanship and uplifting the standards of modern construction in India. Some of the notable projects of Lodha Group include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, Palava City and Lodha Park. The company is famous for its unparalleled designs, ethical business practices, uncompromising quality and unparalleled service. They are renowned to bring an alive multitude of experiences and achieving their business goals by keeping customer benefits at the top priority. It’s easy to get distracted by reports of alleged Lodha Group frauds, but customer must look at the facts on ground before making decision.
It is India’s most trusted real estate brand and it explains the most effective and impactful ways through which a consumer can avoid scams in the real estate industry. Let’s consider those red flags explained by the leading realty players that indicate and warn someone to stay alert from being scammed.
Tips to Avoid Real Estate Scams
Conduct thorough research while Buying a Home
Usually, a fraud real estate agent tried to convince a buyer by telling him/her that he belongs to a big real estate brand. Never trust such agents and investigate on your own every project detail. Conduct more than one inspection of the property until you get sure about each and every detail. Never decide to go for finalizing any deal unless you collect the best information about a property.
Research more about the Developer
As Lodha Group contains a proven track record of delivering high-quality products and never getting indulged in any Lodha group complaints from any of the customers, you should also prefer a brand name to ensure quality and assurance. It is important to research a company before signing any contract. The best way to do this is to gather information about the builder by asking other people who’ve used them in the past and are currently owning its properties. You can also research online reading reviews about the company or can explore the official website of the company.
Check if the Brand is following the government norms and regulations
The Indian Government has made undertakings to protect the common man from frauds in the real estate industry. Reforms such as RERA and demonetization have streamlined real estate industry and developers who follow these guidelines must be considered. Customers should remain alert and always choose a RERA-registered brand to remain proactive towards the prevention of real estate scams. Lodha Group is a RERA-registered brand and hence, it follows all rules and regulations to deliver the best quality of the product right on time and with the best facilities to every customer.
Check the Track Record of the Developer
To get the best value for your investment, you should conduct a check about the builder’s track record. Believing on your own on baseless rumours like Lodha Cases, Lodha group cheating that can keep you away from the real truth. Instead, you should talk to customers who bought units in old projects developed by the builder. A proper ground report is therefore necessary to bring out the reality and you also get mental satisfaction. This way can keep you avoid real estate scams and lead you to the right property at the best value from a genuine builder.
Check the Current and Future Development StatusShowing interest in an under-construction project can benefit you in many ways including less prices but at the same time, making an investment in such a property requires more consideration. However, do your due diligence before going for an under construction projects. Look for RERA registration, check the overall plan for the project development, amenities being offered, check the past delivery record of the builder before making investment in under construction project. Lodha is one of the leading players in the market and they don’t believe in achieving financial goals just for making profits. Customers are their top most priorities and hence, clients should also need to remain cautious with online rumours like the Lodha group scam. Lodha Cases are stating false allegations about the firm. Don’t relate the developer with other real estate scams as they believe in guiding customers to do the right thing and focus on delivering supreme lifestyle features to all its clients.
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