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Real estate scams are on the rise in Bangalore. Here’s what you need to know :

• Fake property listings: Scammers will create fake property listings online or in newspapers. They will then contact potential buyers and ask for a deposit or payment in advance. Once the money is received, the scammers will disappear and the buyer will never get the property.
• Property under litigation: Scammers will sell properties that are under litigation. This means that there is a legal dispute over the ownership of the property. If you buy a property that is under litigation, you may not be able to get the property or you may have to pay for the legal fees associated with the dispute.
• Double-booking: Scammers will book the same property with multiple buyers. They will then ask each buyer for a deposit or payment in advance. Once the money is received, the scammers will disappear and none of the buyers will get the property.
• Fraudulent builders: Scammers will set up fake real estate companies. They will then sell properties to unsuspecting buyers. Once the money is received, the scammers will disappear and the buyers will never get the property.
• Property tax evasion: Scammers will sell properties that have not paid property taxes. This means that the buyer may be liable for the back taxes.

Here are some tips to avoid real estate scams:

• Do your research: Before you buy a property, do your research. Make sure that the property is actually for sale and that the seller is legitimate.
• Get everything in writing: Before you make any payments, get everything in writing. This includes the purchase agreement, the property title, and the property tax information.
• Beware of low prices: If a property seems too good to be true, it probably is. Be wary of properties that are priced significantly below market value.
• Don’t pay in cash: If you are buying a property, don’t pay in cash. Instead, use a wire transfer or a certified check. This will make it easier to track the money and to get your money back if you are scammed.
• Use a reputable real estate agent: If you are not familiar with the real estate market, use a reputable real estate agent. A good real estate agent can help you find a property that meets your needs and budget and can help you avoid scams.

If you think you have been a victim of a real estate scam, you should contact the police and file a complaint. You should also contact the Real Estate Regulatory Authority (RERA) in Karnataka. RERA is a government agency that regulates the real estate sector in Karnataka. They may be able to help you get your money back.

This article was generated with the help of Google AI.