India’s real estate sector is undergoing dynamic changes, and the middle class investments in properties are at an all-time high. People are increasingly investing in their new development projects to design their dream homes, taking significant amount of loans and relying solely on bank approvals for property purchase. Amidst this, consultancy on property valuation and understanding the legal guidelines plays a vital role if consumers want to prevent any potential financial hazards. Sometimes, it so happens that a consumer buys property based on the loan provided by a bank but due to NGT violations, the administration had to take all construction down.

One can see that there is huge loss of property here but still loan amounts are payable by the consumers. This is exactly why ARN Property Advisors provides in-depth valuation and legal reports covering all aspects like NGT violations, Govt. sanctions, Property check at sub registrar offices, original documents verification and last but not the least safeguarding client’s hard-earned money.

Another major challenge faced by home loan purchasers is getting the loan at the right rate of interest. The company works with multiple stakeholders that include govt/bank/ Financial Institution approved valuators, bank/ Financial Institution approved evaluators, govt. approved/ bar association approved advocates and Financial Institution approved advocates. It's tough to point out the scope as valuators/ evaluators/ legal advocates as they resemble doctors specialized in their own fields of merit.

“As Our in-house advocates/ valuators who check analyze and reconcile to second level check, we give the reports to the clients / general public / prospective real estate purchasers. Our services are with not biased to the seller or the buyer, which is proof that we always provide an honest opinion. Here bank associated legal experts or valuators will have a slight bias towards the bank and take some calls for acquisitions of business”, said Anand, Director, ARN Property Advisors.

Operational Excellence

The company verifies all documents authenticity from Sub registrar office by verifying and scrutinizing the originality of the documents through concerned experts. The process of scrutinizing is quite long but with correct people in place it does it faster. ARN has tied up with multiple Stake holders with expertise in their domain and brings all these people on a single table to view and report on different aspects and views and opinion’s that add value to customer’s Internal (advocates / valuators evaluate the papers), Online checks of village maps/Survey sketches/mutation register and encumbrance certificate, Further checks with sub registrar office to verify authenticity of Ref. to external legal/ evaluators/ valuators for further probe if the property is large (more survey numbers) more acres and other factors.

According to ARN Property Advisors, going blindly with one bank/financial institution approved loan and then suffering can be prevented by hiring an independent consultant who has nothing to do with the developer or the bank and will solely act on behalf of the consumer. Many building and construction companies have cheated 10000 plus customers along with proper bank/financial institution approvals. Had the customer done a pre valuation/ legal it could have saved crores of rupees which is exactly why prevention is better than cure. “ARN use the best valuators/legal external and internal evaluators who also use latest technology. There are many more aspects that give us precise details on a whole Gambit of areas. We analyze the problem and not the symptom”, stated Anand.

Road Ahead

The company has gained significant trust and recognition among consumers because of its impeccable range of advisory services and the zeal to serve clients with sheer honesty and truthfulness. It has been growing consistently in profit and has survived two covid waves strongly by providing support to existing and new clients. The company uses the latest technologies available and trying to scale up its application. It plans to expand based on its good work and create further partnerships with more internal and external stakeholders. Recently there have been numerous cases where consumers have been heavily cheated by real estate developers due to Faulty documentation where they had to repay all debts/loans and result in huge loss.

The company wants to stand beside general consumers and see to it that they never get defrauded or cheated. “There is very low trust with huge deceit so it's up to customers who invest crores of rupees and not invest as low as 10k for proper checks. It's up to them as most of us today don't trust doctors and take second opinion in case of illness but don't take second opinion on legal and valuation. When it comes to this category it is for customers to choose what is right”, concludes Anand.