Pune: Excellence Shelters, one of the leading real estate players organized ‘Prop Solution’ an awareness session on 14th March 2015 about the due diligence to be followed while purchasing real estate. When making high-involvement investments such as purchasing property, it is essential to have absolute clarity about the entire process to ensure a legally sound dealing. However, the layman today is still unaware about the legalities of real estate making him susceptible to fraud. With an aim to create awareness in this regard, Excellence Group initiated the ‘Prop Solution’ Workshop. The session was conducted by a practicing advocate Mr. Avinash Pathak. With his vast experience in law, Mr. Avinash address various issues related to the purchase of properties and the legalities that ensue. Among the issues discussed were the precautions to be taken by a person before purchasing immovable properties. He stressed upon the points that must be taken into consideration prior to investment so as to avoid any future complications. The documents to be scrutinized before the purchase of property were also discussed in this session along with a narration about the 7/12 extracts, ferfar, NA orders, zone certificates, Gunthewari Act, Land Revenue Code, etc.
Mrs. Reshma Hajite, Director Sales & Marketing, Excellence Shelters Pvt Ltd said, “For the common man, investing substantial amount of hard earned money in the right place with the right people is of utmost importance. With people without a legal background, it’s almost like taking a freefall! One has to just trust the organization they invest with. This session that we organized would create awareness about all the legalities and paperwork involved investing in land. Every query a person has while investing was addressed. At the end of the session, the audience was in a better position to appreciate the legalities involved in the purchase of real estate. This being the first session we conducted, it was on a small scale. Seeing the response of the people towards such informative session, we hope to organize more of them at a larger scale!
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