NRI buying remotely — almost made a big mistake
Not proud of this but I almost got duped by a pre-launch scheme for a plot in Sector 63A. I'm based in Dubai, can't do site inspections easily. Was looking at a builder there, heard good things about the area's investment potential. But then a friend told me to *always* verify builder's land titles and RERA approvals *before* any booking. It's not just about the builder's name like M3M or Godrej, but the specific project's clear legal standing. For an NRI like me needing a power of attorney and property manager, legal clarity is non-negotiable. Rental demand seems okay, but if the property has legal issues, ROI toh gaya. Any other tips for remote due diligence in Gurgaon? Especially for checking hidden charges or legal red flags in Sector 63A projects?
Comments
Yaar, you dodged a bullet! NRI investors are such easy targets. I'm also looking from abroad and the fear of getting stuck with a bad project is real. Good on your friend for the advice. Legal clarity is paramount, especially when you can't be there physically.
Yes, hidden charges are a nightmare. I was looking at a property near Airport Road and the builder quoted a 'club membership' fee that was almost 10% of the property value, non-negotiable. Plus, the maintenance