For generations, homeownership has been the ultimate Indian dream.
A home. A place to call your own. For decades, that dream has defined what stability looks like in India, parents saving for years, young couples stretching budgets and families celebrating possession day like a wedding.
But what happens when that dream doesn’t arrive on time? Or when it cracks, quite literally within a year?
Recently, The Economic Times featured Propsoch’s Founder & CEO, Ashish Acharya, in a special report on why buying a home in India still feels like walking a tightrope even after a decade of RERA. The article talked about real stories and some hard truths about how the system still fails many homebuyers.
At Propsoch, we’ve seen these same patterns play out and we believe the real solution isn’t just more regulation. It’s better awareness.
The Harsh Reality of Homeownership Today
Across India, thousands of buyers are still waiting for homes promised years ago. Projects like Ansal Estella (Gurugram) or Supertech Ecovillage (Greater Noida) have become cautionary stories: possession delays, missing occupancy certificates and mounting legal battles.
Even in metros like Bengaluru, buyers report issues within months of moving in, from seepage and cracks to flooded basements and unfinished amenities.
The law, of course, exists. The Real Estate (Regulation and Development) Act (RERA) was meant to bring transparency and accountability. Yet, as ET highlighted, implementation varies wildly between states, which leave buyers stuck between hope and helplessness.
Where the Real Problem Lies: Due Diligence
Regulations can protect only those who play by the rules. But the first misstep in most buyer journeys happens much earlier at the discovery stage.
Fake microsites, misleading broker ads and selective information often distort the truth. By the time a buyer realises they’re not talking to the developer, trust has already been eroded.
As Ashish Acharya told The Economic Times:
“The very first step of homebuying is chaotic. Buyers are often misled into believing they’re dealing directly with the developer. Critical red flags like high-tension lines, drain buffers, or disputed titles - only emerge when it’s too late.”
That chaos is what Propsoch set out to fix.
Propsoch’s Three-Step Due Diligence Framework
Through years of on-ground research, Propsoch has developed a three-layer verification process, financial, technical, and legal that turns homebuying from guesswork into a guided, data-driven decision.
- Financial Due Diligence: Analysing the developer’s filings, cash flow, and escrow management to ensure financial health.
- Technical Assessment: Reviewing master plans, open-area ratios, parking layouts, clubhouse factor, and quality of structural design.
- Legal Clarity: Checking title ownership, land conversion, encumbrances, and RERA compliance.
This process powers our signature Peace of Mind Report, a pre-purchase audit that highlights red flags before you commit.
What Every Homebuyer Should Check Before Booking
If you’re evaluating a project, here’s a condensed “Peace of Mind Checklist”, also featured in the ET article:
- Verify RERA registration: Check the project’s RERA number and uploaded approvals.
- Inspect site plans: Watch for drain buffers, high-tension lines, and overcrowded layouts.
- Study developer history: Look at past delivery timelines and complaints on the RERA portal.
- Confirm title clarity: Ensure the land is dispute-free and legally registered.
- Cross-check amenities: Match brochure promises with actual submissions.
- Read the agreement: One hour spent here can save years of legal struggle.
- Avoid subvention schemes: These “no EMI till possession” offers are now banned for a reason.
- Never accept possession without an OC: No certificate = no legal home.
Read the Full Feature
If you’ve ever bought a home, plan to buy one or simply want to understand why so many dreams still get delayed, this story is worth your time.
It captures what countless Indian homebuyers go through, the hopes, the hurdles, and the hard truths and how awareness can be their strongest ally.
👉 Read the full feature on The Economic Times → https://shorturl.at/ShDSO
