Property: Buying Homes or Land on Installments? Avoid Financial Loss by Knowing These Facts

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Buying Property in Installments? Avoid Pitfalls: Essential Checks Before You Invest

Buying Property in Installments? Avoid Pitfalls: Essential Checks Before You Invest

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News18•21-03-2026, 08:04

Buying Property in Installments? Avoid Pitfalls: Essential Checks Before You Invest

•Thoroughly vet the promoter/developer: check past projects, market reputation, and experience to avoid fraud.
•Beware of Power of Attorney sales; ensure land is registered directly in the seller's name to prevent future issues.
•Seek legal advice: verify Mother Deed, ownership history, inheritance details, and ensure all heirs have signed.
•Mandatory written agreement: detail price, payments, tenure, plot number, area, registration date, and price stability.
•Verify approvals from CMDA/DTCP; avoid unapproved plots to prevent registration, loan, and resale problems.

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