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Showing posts with the label Property Fraud

🏠 Will Your Dream Home Survive a Legal Storm? Title Insurance in India Explained A True Story…

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Imagine This....  You finally buy your dream apartment in Mumbai. After years of saving and taking a hefty home loan, you’re ready to start a new chapter. The griha-pravesh pooja is done, walls painted, furniture placed. But a few months later, you receive a legal notice : “The land on which this building stands actually belongs to our family. Your sale is invalid.” Suddenly, your dream home becomes a courtroom battle. Scary? Absolutely. And yes, such cases have happened in India. This is why Title Insurance exists — to protect your dream home from hidden ownership risks . πŸ”‘ What is Title Insurance? Title Insurance is a specialized insurance policy that protects property owners and lenders against losses from defects in property ownership (title) . In simple words: πŸ‘‰ It ensures that the home you buy is legally yours and cannot be taken away because of hidden disputes from the past . Under the RERA Act, 2016 , Title Insurance is mandatory for developers of ...