Precautions for investment in Pre launch offers

Querist : Anonymous (Querist) 11 September 2010 This query is : Resolved
Many builders need funds for theit project and they make lucrative pre launch offers to investors which are fraugh with cheting and fraud etc. I there fore seek advice from experts as to what precautions need to be taken while investing in under construction projects. Will appreciate if some will forward files containg documents to be taken care ofas I intend to invest around Rs.50lacs.

Warm regards,

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adv. rajeev ( rajoo ) (Expert) 11 September 2010
Anything cannot be said. Before investing it is better study the background of the builder.

Uma parameswaran (Expert) 11 September 2010
What the above Expert told is correct and major point to do.Before investing try to collect agreement for each and every thing.The using of raw materials and its quality , the cost and the chance for changes in the cost in future ,total construction area,wood works,getting license,the burden of any legal issues arises in between ,chances for damages etc.If the investor have the time try to inspect the site in the middle of the construction.