Use Caution

A user should use his or her best judgement while evaluating the legitimacy of properties and owners. It is thus recommended that a user independently confirm the veracity of the claims being made, as they may or may not be accurate. In order to help users avoid dishonesty, we have created a checklist. Before buying or renting a home, we advise all of our users to review the checklist (which is shown below).

How can real estate fraud be prevented?

• If you haven't met a "supposed landlord/owner" in person, don't pay money to them online via UPI, net banking, debit/credit cards, etc.
• We advise against paying any fees associated with a property visit, gate pass, reservation, etc. over the phone.
• Make sure you meet the owner or have a web session with him if a broker is showing you the property.
• Don't give the broker any portion of the rent.
• Watch out for contested land titles.
• Real estate ventures that promise large profits with little to no risk (due to infra construction) should invite caution.
• Make a due diligence visit to the property to inspect its exterior and interior conditions.
• How Can Real Estate Fraud Be Prevented?
• Look for homes with at least three or four crisp pictures of the kitchen, bathroom and bedrooms.
• Get to know the area before relocating there.
• Verify that the person showing you the home is the real owner by speaking with some of the neighbours.

Investor/Buyer

Since mydeer.net is an advertising platform, it cannot and will not attest to the authenticity of the content on its website. The buyer should verify the authenticity of any property or project, as well as its title, built-up area (in standardised units), and suitability for purchase in a form and manner deemed appropriate at his or her COST. The sponsor uploads a lot of stuff, and we don't filter or check it. In the event of a complaint, corrective action will be taken. Some things to consider are:

• Verify the credentials of developers and owners by doing a thorough check of ownership.
• Make a personal visit to the project site or property to confirm that the developer's or broker's claim is accurate and that the property isn’t “imaginary."
• Select a constructor with a solid track record; it might be useful to look into the promoters’ prior performance.
• Watch out for phoney title paperwork. It's possible that loans were secured against properties that are under dispute or have been unoccupied for an extended period of time.
• Before engaging in a real estate transaction, it is usually advised to perform appropriate due diligence on the property.
• Remember that the Floor Space Index (FSI) and Floor Area Ratio (FAR) do not include open spaces such as the lobby, park, terrace, pool, gym or lift/elevator.
• The provisions of the Real Estate (Regulation and Development) Act of 2016 and how they relate to the project.

Disclaimer

The platform mydeer.net serves as a conduit for those with overlapping interests in real estate transactions, specifically the buyer/tenant and owner/broker.

Before engaging in any real estate transactions, users are highly encouraged to get independent third-party verifications, whether or not they are listed as verified, as mydeer.net is only a preliminary means of interaction and information exchange. It is the user's responsibility to locate a legitimate property, whether for purchase or renting.

​The terms and conditions governing the usage of mydeer.net should be reviewed for further details.