Homebuyers Told to Check RERA, Titles and Payments Before Buying

Property buyers have been advised to strengthen their due diligence before committing money to a real estate transaction.

The latest advisory asks buyers to verify RERA registration, statutory approvals, title documents, land records and existing encumbrances before making payments.

Buyers have also been cautioned against developers who insist on cash transactions, refuse to provide registration details or delay formal property documents.

These checks matter not only when buying directly from a developer. Resale buyers should also verify ownership, existing loans, property documents and possible disputes before completing a purchase.

For Mumbai's resale market, where older properties may have a longer ownership and documentation history, checking the legal chain of the property can be particularly important.

The central lesson is that a property should be evaluated on more than its price and location. The documentation behind the property is equally important.

Key takeaway: Whether buying a new or resale home, buyers should verify the property's legal, regulatory and financial records before transferring funds.