Hi Manish,
I have a query regarding purchasing a plot from any Cooperative Society.
Firstly I am not aware whether Housing Cooperative Societies alone offer to sell plots to members and non-members of the Cooperative Society or any other Cooperative Society would offer the same.
I am planning to buy a BMRDA plot of Chandapura (750Rs/sqft) and one of my friend’s dad who is a member in the Cooperative Society has provided information about it. It looks enticing for me as I am still in the beginning of my career and I have a dream of buying a plot with the cost as least as possible as I cant afford properties with bigger price tag.
But I am worried about the risks involved in buying a plot from Cooperative Society from a member of the Cooperative Society?
And what is the risk if I become a member in that Cooperative Society and then buy it? What are the measures to be taken? I have been planning for buying plot since a year but due to lack of guidance and fear of getting cheated I have not yet proceeded further other than checking prices about properties:(
Because I have heard of many cases in which they are cheated from the seller and I cant afford to get loss from my investment and so I thought its safe to be quiet without buying.
Need your help/inputs/guidance here.
Best Regards,
-Swathi