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NRI real estate News

Beware: Land mafia is targeting NRI land in Delhi

Did your land safe from "land mafia" in India?

 


New Delhi, June 24, 2007
Surinder Singh

New Delhi police got more than 14 complaints from USA and UK NRIs that their land had been grabbed or sold in south Delhi by organized "land mafia". This land mafia sold their land with forged documents but some cases they put NRIs in trouble by obtaining bank loans against their property.

According to IANS reporter, the land mafia - mostly a bunch of unscrupulous real estate agents - form a well-organised network to keep a close watch on the lands and properties of those NRIs who hardly visit the city. The land mafia has formed a complex web including government and bank officials to keep a tab on people who rarely visit their properties back home

Another official reports that mafia group keep eye of NRI's visit, stay period and status of their land. They also find whose name was on initial deed, legal document signed and who look after the property. They also involve the the person who look after the property by paying lump sum of money under the table.

After all forged papers, they find buyers and brain wash them by saying that the seller is in big trouble with behind payments because of medical bills, marriage of daughter or family dispute. Some times they show fake offer from other buyer.

The police also got complaint from some buyers that when they paid down payment and back up from the deals for some doubts, then mafia group gave them threats and refund 80% of the ordinal amount paid as final settlement out of the court.

Some banks had given big loans on these properties. Later on, even these banks came to know the story, the banks slow to respond or registered a case against the accused persons. .