I'm considering launching a specialized consultancy that offers a "Deep Due Diligence" report.
This would not be a lawyer's service (we wouldn't draft the sale deed). It would be a pure investigation service that goes beyond the standard online checks.
The service would promise to find the "offline" data, such as:
- A comprehensive 30-year+ search for all past owners and mutations.
- Verification of the land's actual classification (residential, agricultural, etc.) in the original revenue records.
- An "on-the-ground" check for any un-recorded boundary disputes or encroachment issues.
- A thorough search for any pending litigation or local disputes tied to that specific plot number.
The deliverable would be a simple, fat-checked "Clean Chit" or "Red Flag" report, giving the buyer a clear "Go / No-Go" decision.
- When you (or your family) bought property, did you just trust your lawyer/agent, or did you feel this "offline" information gap was a real risk?
- Do you believe this is a common problem, or are the online portals generally reliable enough these days?
- As a buyer, would you be willing to pay a separate fee for this kind of "investigation report" for your peace of mind?
- What would you consider a fair price for a service that could potentially save you from a ₹40 lakh mistake? (e.g., ₹10k? ₹20k? a % of the land value?)
I'm trying to see if this is a genuine need or if I'm just being paranoid. Thanks for any feedback!
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source https://www.reddit.com/r/RealEstate/comments/1od4qud/is_there_a_market_for_a_deep_due_diligence/
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