Resale Flat Buyer Beware: Avoid Fraud, Check Dues Before You Buy!

• Buying resale flats is popular due to lower cost, developed areas, and immediate possession, but carries significant risks.
• Sellers often conceal property tax, water bill, or maintenance arrears, which buyers inherit, leading to financial burden and ownership transfer issues.
• Crucial steps include verifying municipal property tax receipts, obtaining a 'No Dues Certificate', and inspecting all legal documents like sale deeds and NOCs.
• The 'I-Sarita' document registration portal now provides municipal tax arrears information, enhancing transparency for buyers.
• Always consult legal experts, inquire about society dues and utility bills, and ensure no legal disputes exist to prevent fraud and financial loss.

Why It Matters: Thoroughly verify all dues and legal documents before buying a resale flat to avoid fraud and financial burden.