Investing in #RealEstate? First, do some homework!
Due Diligence for Investing in Real Estate Real estate is one of the fastest growing sectors in India evidenced by a sharp increase in estate transactions involving buying, selling, leasing and financing of properties. In addition to transactions in urban areas, we have also witnessed large scale procurement of land from individuals in villages close to the urban, industrial and commercial centres. Similarly, there has also been an increase in leasing (both short and long term) of commercial office space. The increase in real estate transaction values combined with the growing participation of the organized sector in estate has resulted in heightened awareness of the risks involved and, consequently, the need for ensuring that the risks are identified and minimized in such transactions. ‘Legal due diligence/ title search’ of real property (be it of vacant tracts of land or of constructed residential/ commercial/ industrial properties) is clearly the mode for achieving