Skip to main content

Buyer Safety : Right To Property Gone, be cautious when you buy a Property

150 residents of I Block at HRBR Layout, in northeast Bengaluru, received a notice from the tahasildar of Bangalore East taluk to vacate their houses within two days, as they were built on an encroached tank bed. The tahasildar's notice said that their structures, on Survey No. 211 of Banaswadi village, are on a 'Government Lake' bed that had been encroached on. 

What went wrong when they bought it?

As the Constitution was originally drafted, the Right To Property was enshrined as a fundamental right. By the 44th Amendment to the Constitution, the right to property was removed as a fundamental right!

The result is that the right to property as a fundamental right is now substituted as a statutory right. The amendment expanded the power of the state to appropriate any private property for social welfare purposes. Also, the adequacy of compensation payable on acquisition or requisition could not be questioned in a court of law.


There were 262 lakes in Bangalore in 1961, of which only 33 are visible on satellite images now — pollution and encroachment being the major reasons. On records though the city is home to 189 lakes, of which 123 are owned by BDA, 55 by BBMP, six by LDA and five by the forest department. The encroachment of lakes have resulted in illegal constructions, and it still continues. As a property buyer you should do additional work along with legal verification of property to ensure that the apartment is not built on "kere"(lake) land. A competent property consultant would be able to tell you the truth.

How do you Safeguard?
  1. Trust the builder not the brand. 
  2. Always consult an experience property lawyer when in doubt.
  3. If possible seek an advice from a reputed property consultant.
Builders like CMRS Group always ensure that the property being offered to customers do not have any issues related to legal status or does not come under the criteria where the land can be acquired by Government. CMRS Group writes in the agreement that the buyer is fully indemnified and harmless at all times, from and against any action or proceedings, loss of liability, cost or claim that may arise against the purchaser, or the property, due to defect in title. 

This is a big PEACE OF MIND forever!

For any property guidance, free legal advice and any other assistance while buying a property, feel free to call at  +91-7676-122-000 or send an mail to info@cmrsproperties.com

Comments

Popular posts from this blog

How Green is your Luxury Home?

Do you know that a Green Home consumes 25% less water and saves upto 40% less electricity? It means that you will save atleast one fourth of water tankers standing in your villas or apartments and face less diesel crisis in case of longer power outages. Obviously, you also save lot of moolah in your maintenance cost. Luxurious Green India's super luxury homes are now defined by a life with no compromises.  Apart from an address that will make others turn green with envy, they also offer a Green lifestyle along with well equipped gymnasiums, swimming pools and gardens, complete home automation, and advanced home security systems.  Today’s Indian luxury home buyers are willing and able to pay extra premium, for a desire to stand out and be ‘a cut above the rest’, for super-luxurious green homes wherein price is not a constraint. How to Buy Green? First and foremost, look for a builder that has a view point on resource management. A builder like CMRS Group, which is...

Build your Dream Home, How to Do-It-Yourself?

Building an independent home that you call your own, is a dream come true for many. Even though you need to do a lot of painstaking work to make this dream a reality, you happily do it for the thrill of owning your own piece of land, building a structure as per your requirements, and helping design the architecture with your architect.  But how do you go about doing this if you are a first timer? Why Should You Do This? Benefits Flexibility - You call the shots while paying attention to Design and Vastu . If you want a theme or a concept (e.g. A house with a mini pool in living room), which nobody offers in the Market then building your own way is the only option. Money Saver - Financial rewards of doing it yourself are huge. Villas from builders will cost 50% to 200% of the total price for building your own house. Private Location - Most homes from builders will be available in location crowded by people, if you want to live your life at a private location, the...

Advantages of buying a Home from ISO ceritifed builder - Assured Quality

Today, when customer is the king and property market flooded with real estate options, the customer deserves to buy a property from a builder which has a well defined, robust and results oriented quality management system to deliver high quality homes. Assured. Thus, ISO 9001:2000 certification is the best check available to customers to ensure superior quality for the homes that they purchase.   ISO 9001:2008 certification provides independent, third-party verification that the construction processes meet a globally accepted standard for quality management — the same standard that has been used in the high  manufacturing sector for decades. Entirely voluntary, ISO certification is a clear indicator of the Builder's commitment to consistent quality and continuous improvement. As a builder, CMRS Group has acquired ISO 9001:2008 certificate.  Obtainment of the ISO 9001:2009 Certificate means that the Company implements good quality management practices aimed at ...