Beware of land scams in Bangalore | |
Source: ChilliBreeze | |
|
How do property owners get duped?
Many land owners especially NRIs are falling prey to the land mafia. Since many who invest here are unable to visit the site, unscrupulous real estate agents take advantage and sell it illegally at a higher price.
There are also instances where the fraudulent buyer or broker gets hold of copies of your documents and misuses them later. Some of them even change the value of the transaction.
How to prevent such fraud
There has been a demand for greater transparency in Indian real estate. The Delhi government has taken the initiative with the introduction of the Land Title Registration System to track property sales. This coding system enables online property verification and helps in preventing fraud.
The BDA has issued show cause notices to all the unauthorized layouts as per the Karnataka Town and Country Planning Act. It has also brought out a list of unauthorized layouts to caution prospective buyers.
In its effort to prevent land scams near the Bangalore international airport site, the Bangalore International Airport Area Planning Authority has set up a website – biaapa.in. This website lists out approved layouts and proposed land use.
Some key points to remember:
-
Purchase the property only if the title is clear. Do not go by glossy advertisements. Look at the proven record of the developer.
-
Check the mother deed and the sale deed.
-
Try to get an approved layout plan. This will help in a hassle-free sale of your land in future.
-
Never sign any document without completely reading and understanding it.
-
It is always important to have the copies of the original title deed.
-
Make sure to visit your site occasionally to check on encroachments.
-
In case your presence is not possible, employ a caretaker.