INVESTMENT GUIDELINE AND TIPS TO AVOID FRAUDS

“Trust is the foundation of every investment & once you lose it, it can never be reframed”

About majority of the population residing in Pakistan are conscious about their future. In order to achieve some goals, people set aside a portion of their income with an intention to utilize it when required. So they look for multiple savings and investments opportunities. With such an objective, the most preferred mode of investment and saving is considered to be in real estate. But unfortunately, a lot of people are trapped in fraud most of the time.

What are the types of Real Estate frauds?

Some of the major frauds that we often see people facing are;

• Documentation Fraud
• Incomplete development Fraud
• Delay in possession

Useful Precautions for Investors

• Investors are highly recommended to verify the documents from KDA, MDA, or SBCA.
• Don’t buy property without checking and verifying NOCs completely.
• Verify if the whole covered area is leased or some proportion of land is leased.
• Always check the history of the builder such as its previous project, completion period, possession timeline, etc.
• Check if there is any false listing of the project or not.
• It is also proposed to have a site visit and don’t buy any unseen property. 

Besides the fact that it is the fastest growing business in Pakistan, there are lots of scams too. People are really concerned about their investments since most of them don’t have proper knowledge about properties. Investors must be aware of the common frauds happening in the real estate sector of Pakistan. In fact, the investors should consult to the most reliable and trusted agents who have goodwill in the market. In this way, he can get authentic information and have a secure investment.

Small Details to Look Out For

Moreover, investors can also inspect the property themselves. Most of the time builder sells the same piece of land to multiple people and departs away. Similarly we also see people overstating the market value while selling their properties. Nevertheless, these frauds can be avoided by taking extra precautions and by a proper market survey.

Final Thoughts

For top-notch real estate, consultancy gets in touch with Redbox Team. Redbox Sales team can help you assist with any sort of floor plan query you may have regarding investment in Bahria Town Karachi. You can visit our office or can contact us through a live chat. We are pleased to solve any query of your for you.

If you have any real estate questions, please contact RedBox, A Real Estate Company, for more information. Our other articles might help you stay up to date on current events.