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Friday, August 19, 2022

When owning a property remains a dream

He wanted to invest his hard-earned money in property,but his dream landed him in a maze of deceit.

84 cases of property fraud involving embezzlement worth crores registered with EOW since 2006

He wanted to invest his hard-earned money in property,but his dream landed him in a maze of deceit. After paying Rs 10 lakh as earnest money for a flat in Manimajra,Vijay Goel realised he had been duped. Neither the documents were executed in his favour,nor did he get the house ever.

Vijay is not alone. Scores of people continue to fall in the trap of fraudulent property dealers,with crimes related to property transactions getting more organised in Chandigarh. And with fraudulent dealers on the prowl,owing to the booming property prices in the past,embezzlements amounting to crores are coming to the fore,a trend not so common earlier.

The Economic Offences Wing (EOW) of the Chandigarh Police is flooded with cases related to property fraud. Since 2006,the EOW has witnessed 84 such cases. The number was 27 in 2006,came down to 23 in 2007,and again climbed to 27 last year. As many as seven cases have been registered in the current year.

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From forging papers to selling land to more than one party,not executing the sale deed while pocketing the earnest money and selling off land that is under litigation are some of the trends that the city is increasingly witnessing. While making a transaction on the basis of forged papers is the oldest trick,the number of cases pertaining to selling off disputed land has also witnessed a rise.

In 2007,three cases came to light where people fell in the trap of property dealers and paid money for land that was under litigation. The number of such cases was two in 2006 and five in 2008. In one case,S K Vohra,a resident of Sector 9,alleged that accused Gurmail and Sneh Lata entered into an agreement in 2003 to sell him the top floor of an SCO. It was found that the SCO had already been resumed by the Estate Office for certain violations.

A total of 37 cases have been registered since 2007 where land was sold off on the basis of forged papers. In 19 of these cases,the complainants found that the land sold to them did not exist while in others it turned out that the seller was not the owner of the property.

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“Property fraud is more of a socio-economic crime and has reached an advanced stage. It involves large amounts of money and since everybody wants to own a house these crimes are bound to increase,” said DIG Mahabir Singh,in charge of the EOW.

First published on: 15-04-2009 at 03:38:54 am
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