AVOID­ING THE PIT­FALLS

The Daily Telegraph - Property - - OVERSEAS -

Take care when buy­ing off-plan in In­dia. Prices are quoted in square feet, which can in­clude not only the di­men­sions of the apart­ment but also any com­mu­nal ar­eas. Stick to es­tab­lished de­vel­op­ers, in­sist on stage pay­ments linked to progress in build­ing and check there is se­cu­rity for them should the de­vel­oper be­come in­sol­vent. Your lawyer will need to ob­tain a Nil-En­cum­brance Cer­tifi­cate to en­sure there are no mortgages on the prop­erty.

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