Property Tips: How to check if a home is in someone else's name before buying it? Check in 4 steps..

Many property frauds are emerging these days. People trust the builder and purchase homes and land, only to later discover that the property was sold to someone else. Many people don't realize that property verification can be done promptly through government portals. If you're facing this same problem, check the property's registration with the Real Estate Regulatory Authority (RERA). This will help you ensure your money is being invested appropriately and there will be no fraud. Let's understand the process.

What is RERA?
The Real Estate Regulatory Authority (RERA) is a regulatory body established by the Government of India to promote transparency in the Indian real estate sector. It protects both homebuyers and builders from fraud, false promises, stalled construction, and sudden changes in plans. A RERA-registered flat means that the project's land documents have been verified, the project's construction completion date is fixed, and the financial accounts are accurate.

Complete information about escrow accounts is also available.
RERA confirms that a project or home has received legal approval. This helps buyers avoid fraudulent builders and projects. It also provides complete information about escrow accounts. An escrow account is a type of safe deposit box where project funds are deposited and used solely for construction.

Check these details before buying a home.
Before buying a home or property, you should check several things. These include the RERA registration number, project start and possession dates, layout plans, and approvals. Additionally, you can download disclosures to view land ownership documents, necessary permission letters, key construction milestones, and escrow account status. All this information will help you buy a safe and reliable property.

How to check registration?
Checking property registration on RERA is very simple.
Step 1 - First, you need to visit your state's RERA portal. For example, for Maharashtra, go to maharera.maharashtra.gov.in and for Delhi, go to rera.delhi.gov.in.

Step 2 - Next, go to the portal and find the 'Registered Projects' option. Click on it.

Step 3 - Then search by entering the project name, builder name, or location.

Step 4 - After this, you will get all the information related to the project.

This way, you can avoid any kind of fraud when buying a home. This will prove beneficial for you.

Disclaimer: This content has been sourced and edited from Navbharat Times. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.