How will you feel if you have a court notice to demolish the flat in which you have been living for many years? This has happened to Navneet Sharma of Mumbai. He bought this flat about 7-8 years ago. His life was going well. However, after reading the things written in the court notice, the ground slipped under his feet. The notice stated that this flat is illegal, as it has been constructed in an untouchable manner. Sharma is not the only person with whom this has happened.
The person puts everything to buy a flat
Only in November 2024, 40 illegal buildings were demolished in Nalasopada, Mumbai. The question is that a person puts everything to buy a flat. He uses his savings for downpayment. Then every month a large part of salary or income goes to EMI. Instead, he only gets a feeling of staying in his house. For this, he is ready to raise the biggest difficulty. However, when he comes to know that his flat will be dropped because its world is destroyed under the construction rules. The question is, what are the measures for such cases to be with anyone?
1. Buy flat from trusted real estate company
It is necessary to find out properly about the real estate company or builder before purchasing a flat. It is prudent to book a flat only after the builder’s financial condition, his track record and the ability to project on time. You can also check whether he has taken necessary approvals for the project.
2. Check the information on RERA’s registration page
Before purchasing the flat, you should look at the details of the project on RERA’s registration page. Apart from this, you can also take an encumbrance certificate by going to the office of sub-registrar. This will give you many important information about the property.
Also read: What will happen to insurance money if both policyholder and nominee die?
3. Do not trust the company’s words
Do not rely on the things written in the company’s executives or brochures. You will be fine to know about the rules related to the area, which are associated with property. After buying a flat several times, it is found that the plot on which the builder is making the projects is reserved for some other purpose. In such a situation, there is a fear of drowning the money of customers.