PropsAMC by SquareYards Facilitates The Recovery of INR 100 cr For More Than 300 Homebuyers Embroiled in Legal Disputes With Developers

PropsAMC, the asset management branch of Square Yards, has been pivotal in supporting a large number of people on their journey towards homeownership. It has achieved a remarkable feat by helping over 300 homebuyers resolve their legal cases, successfully recuperating Rs 100 crore of invested funds.

The introduction of legal services by PropsAMC was a strategic move to address the increasing number of legal issues that homebuyers were experiencing with real estate developers, as well as the numerous property tax and lessee disputes.

The company has been steadfast in its support to individuals, ensuring that the path to homeownership is free of legal hurdles and complies with all statutory obligations to state government agencies.

Tanuj Shori, the founder and CEO of Square Yards, expressed his pride in the company's dedication to protecting homebuyers' investments. He acknowledged the significance of real estate investments to clients and emphasized the company's duty to secure a legally uncomplicated and safe investment journey. He took pride in the resolution of over 300 cases and the recovery of Rs 100 crores, reaffirming the company's commitment to defending the rights of homebuyers at every turn.

Anand Moorthy, the co-founder and CBO of asset management services and data intelligence at Square Yards, spoke on the unique and distinct offerings that the company brings to the real estate market. He pointed out that the combination of domain expertise in property legal matters, data intelligence, and asset management positions the company to empower not just homebuyers and property owners but also to lead pioneering digital initiatives in Title Search and Property e-Valuation in partnership with some of India's top financial institutions.

The company has tackled developer disputes and legal uncertainties by adopting thorough vetting procedures. This includes carefully examining developers' backgrounds, track records, and reputability, allowing homebuyers to make well-informed decisions confidently.

PropsAMC acknowledges the importance of legal and technical due diligence in reducing the risks associated with purchasing and acquiring properties. Its team of legal experts conducts detailed title searches to reveal any hidden legal issues that could hinder the smooth transfer of property rights, thus enabling timely resolutions.

To assist homebuyers in navigating the complexities of legal terms in contracts, PropsAMC's legal team conducts thorough contract reviews. This scrutiny is designed to prevent costly errors and protect buyers from future legal problems.

In cases of property disputes, PropsAMC employs its legal proficiency to provide mediation and litigation services, thus helping homebuyers protect their investments without the burden of extended legal conflicts.

Beyond these protective services, the company has made over 20 million property registration records and titles digital and accessible to the public. It also offers business services such as title searches, valuations, and litigation checks to business clients including banks, housing finance companies, valuers, and law firms.

With real estate being a popular investment choice, PropsAMC serves as a vigilant protector, ensuring that the aspirations and interests of countless individuals are shielded from property due diligence issues and potential legal entanglements.