Property Scams In Faridabad

• By, ADMIN
• August 13, 2024
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Faridabad, located in the northern Indian state of Haryana, is a bustling industrial city known for its economic vitality and residential communities.The total population is over 30 lakh.

The city is a prominent industrial hub with various manufacturing units, particularly in sectors like engineering, electronics, and textiles. It contributes significantly to Haryana's industrial output.

Faridabad is also recognized for its educational institutions, including engineering colleges like YMCA University of Science and Technology and medical facilities such as the Asian Institute of Medical Sciences.

As a residential area, Faridabad offers a mix of housing options, from affordable apartments to upscale neighborhoods, catering to a diverse population.

The city's strategic location near Delhi makes it an attractive destination for business and commerce, facilitating easy access to the national capital and its amenities.

In the beautiful and developing city of Faridabad, it is a very popular place to invest in real estate. People here earn more money over time, and buying and selling houses is really popular. But with every opportunity comes risks, like real estate fraud. Over the past few years, there have been many cases of fraud in Faridabad. People who just want to buy a home have been tricked by these fraudsters. Many salaried workers buy property in Faridabad, they often sell their family land, gold, and savings to afford the down payment, and take loans for the rest. But sadly, they end up losing everything because of false promises from brokers and builders.

This chat clearly shows how many dishonest builders and individual people have cheated innocent home buyers in the last 20 years.

These are just a few notable cases from Faridabad but there are various property scams happening around you, which are not coming into the limelight or which are not reported to the concerned authority. Pay attention before you make any decision. 

Examples of Scam Between 2020 to 2024 in Faridabad

Yamuna Awas Yojana Scam

• Description: The scam involved a gang that tricked people by offering residential plots at discounted prices through a fake scheme named Yamuna Awas Yojana. They set up a fake website resembling the official one and convinced unsuspecting clients to pay money, claiming they could win plots through a lottery. However, the plots either didn't exist or weren't allocated as promised. The gang, led by Madhur, Vinod, and Anup alias Aman, operated from Noida and Delhi. They defrauded around 690 individuals over two to three years, with transactions totaling Rs 3.82 crore discovered by the police.
• Source: Tribune India

Agriculture Land Scam

• Description: The scam involves allegations against Priyanka Gandhi Vadra regarding a land deal in Haryana, where she allegedly bought agricultural land from HL Pahwa and later sold it back to him. The Enforcement Directorate (ED) is investigating this transaction as part of a larger probe into financial activities involving CC Thampi and others. The allegations focus on financial irregularities and potential violations of land acquisition and financial laws. Priyanka Gandhi Vadra and her husband Robert Vadra are implicated in the ED chargesheet, which suggests connections between them, HL Pahwa, and CC Thampi, raising concerns about undisclosed business relationships and financial misconduct.
• Source: Zee News

182.56 crore scam

• Description: The scam involves the illegal construction of a multi-storied building named "Pinnacle Business Tower" on protected forest land in Faridabad, Haryana, worth ₹182.56 crore. The reason behind the scam was the unauthorized allocation of land notified under the Punjab Land Preservation Act (PLPA), 1900, meant for forest preservation, to a private real estate company named Godavari Shilpkala Private Ltd. The company purchased 9.43 acres of prime forest land in two transactions and developed it into office spaces for sale, despite legal prohibitions against such activities.
• Source: The Hindu Business Line

False document scam

• Description: Three people arrested for property fraud of Rs 50-60 crore by preparing false documents related to plot owners, transfer property those to people they knew, and sell them to unsuspecting buyers
• Source: Indian Express

Enforcement Directorate Charges SRS Group for Rs 2215.98 Crore Fraud Scam

• Description: The scam involves the SRS Group of Companies, whose chairman and directors are accused of fraud under the Prevention of Money Laundering Act (PMLA). They allegedly misled homebuyers and investors by promising to deliver homes, plots, and commercial spaces but failed to do so. Additionally, they operated ponzi schemes offering unsustainable returns to attract investments. The total amount involved in the scam is Rs 2215.98 crore, and the Enforcement Directorate (ED) has already seized assets worth Rs 2,045 crore. Anil Jindal, along with directors Jitender Kumar Garg, Praveen Kumar Kapoor, and Vinod Jindal, allegedly orchestrated the scam by misusing funds from buyers and investors, funneling money through shell companies for personal and company gains.
• Source: India Today

Fake document scam

• Description: The scam involved a group of people pretending to be government officials who made fake documents called General Power of Attorney (GPA) papers. They used these papers to illegally sell homes that were supposed to be for low-income families in Haryana's affordable housing plan. They tricked the buyers into paying more money for these homes than they were really worth, without giving them legal ownership. The total amount of money involved in these illegal sales is about ₹4 crore, spread over more than 20 cases. The gang included Amit Bainsla, Rajesh Kumar, Srikant Verma, and Amit Mehta. They were arrested for pretending to be other people, making fake papers, cheating, and working together to break the law. They did their illegal activities in Delhi, Noida, and Faridabad, where they made over 300 fake GPA papers and sold homes for much more money than they should have.
• Source: Hindustan Times

Land fraud in Faridabad

• Description: The scam involved Godavari Shilpkala Pvt Ltd illegally building a tall office building on protected land in Faridabad, India, and selling office spaces there without permission. Officials from Municipal Corporation, Urban Local Bodies, Forest, and Revenue Departments colluded with the developer to allow these illegal activities. The scam's total amount is Rs 182.46 crore. The company and involved officials bypassed regulations, leading to the unauthorized construction and sale of office spaces, as detailed in the CAG report.
• Source: Tribune India

Fake Land Sellers Cheat Buyer of Rs 80 Lakh

• Description: Mintu and Kiranpal from Mahavatpur village tricked Surendra into believing they owned land they didn't legally possess. They sold him 20 kanals of land for Rs 80 lakh, promising to complete the property registration, but they never did. Mintu and Kiranpal's scam involved falsely claiming ownership of the land and selling it at an inflated price. Surendra paid them Rs 80 lakh in installments as per their agreement, but they never transferred the land legally.
• Source: Jagran

Couple in Faridabad Scams Rs 1.35 Crore in Fake Property Auction Scheme

• Description: Manoj and Latika from Faridabad tricked Mukesh Kumar Sharma into giving them Rs 1.35 crore by promising to help him buy a 500 square yard house in Sector-9. They falsely claimed the property was up for auction by the Enforcement Directorate (ED), using fake documents to deceive him. This couple exploited Mukesh's wish to own property, pretending to assist him through a non-existent auction to extract money. They were aided by Dheeraj and Bhagwaticharan Negi, who introduced Mukesh to them under false pretenses of facilitating property deals through bank auctions.
• Source: Jagran

Faridabad Plot Scam: Developers Deceive Buyer, Resell Plot After Taking Rs 10 Lakh Booking Amount

• Description: The scam involved tricking Ranveer Singh into paying Rs 10 lakh to book a plot in Faridabad's Sector-76 BPTP. The developers, Shashi Gautam, Rajiv Gautam, Poonam, and Sachin from M/s Shri Drishyam Developers LLP, falsely promised to register the plot after obtaining its completion certificate. Later, they demanded Rs 1 crore 40 lakh, claiming increased market rates, and sold the plot to someone else. They deceived Ranveer Singh, refused to fulfill their promises, and threatened him when he questioned them about the fraud.
• Source: Jagran

Gurugram Builder Accused of Cheating Woman of Rs 4 Lakh in Shop Booking Scam

• Description: The scam involved directors of M/s KST Infra Sushant Lok in Gurugram cheating a woman out of Rs 4 lakh for booking two shops in Sector-89 of BPTP. They promised the shops but gave them to someone else. The reason was the builder's failure to honor their agreement with the woman. She paid Rs 4 lakh as a booking amount, but they breached the contract. The directors named in the scam are Kuldeep Singh Tanwar, Digvijay, and Ved Prakash. They were accused of cheating and breach of contract by the woman.
• Source: Amar Ujala

Fales land allotment scam

• Description: Sudhir Bidhuri arrested for scamming 500 people with false land allotment promises in Faridabad; fled after collecting funds.
• Source: Times of India

Man Duped of Rs 55 Lakh in Fake Land Investment Scheme

• Description: The scam involved convincing Brahm Prakash Goyal to invest Rs 55 lakh in buying land in village Bansatpur with promises of future profits, but the land was never registered nor was the money returned. Ramkumar and Munim Singh misled Goyal with false promises of lucrative investment opportunities. Goyal paid Rs 55 lakh to Wasim Beg under the impression that he was buying the land, but it turned out Wasim Beg was not the land's owner. The scam was carried out by Ramkumar, Munim Singh, and Wasim Beg, who deceived Goyal into investing in non-existent land and then failed to fulfill their commitments or refund the money.
• Source: Bhaskar

Examples of Scam Between 2000 to 2019 in Faridabad

SRS Group Chairman Anil Jindal Arrested for Alleged Real Estate Fraud in Haryana

• Description: Anil Jindal, chairman of SRS group, and his associates allegedly cheated investors by promising to provide flats in different places across Haryana but did not fulfill their promise. They're accused of financial mismanagement and fraudulent activities within their company. Investors who put money expecting flats didn't get them, leading to accusations of cheating. The fraud is suspected to involve hundreds of crores, and Anil Jindal, along with Nanak Chand Tayal, Bishen Bansal, Devender Adhana, and Vinod Mama, was arrested for their involvement. They misled investors about property projects and are accused of using funds wrongly, causing financial harm.
• Source: Hindustan Times

BPTP Ltd. Accused of Defrauding Customers of Rs. 15 Crore in Stamp Duty Scam

• Description: The scam involves BPTP Ltd., a New Delhi-based developer, deceiving customers by falsely claiming government stamp duty charges for their Princess Park housing project in Faridabad. They allegedly collected Rs. 15 crore from flat owners through these deceptive practices. The reason behind the scam seems to be to extort money from buyers by misleading them about mandatory stamp duty fees.
• Source: Business Standard

Land Scam

• Description: Congress spokesperson alleged that nearly 400 acres of prohibited land had been acquired by the patanjali group.
• Source: The Hindu

Brokers are nothing but DALAL. Imagine you're buying a home, and there are these people called brokers who help you find the right one. They get paid once the deal is done. But if there's a problem with the house later, they disappear. Some brokers even run away if things go really wrong!

Guess who's left in trouble? Yep, it's you, the buyer! Nowadays, brokers call themselves "Channel Partners" But be careful! Many builders are also tricky. They show off big ads, but what matters is if they build good homes on time.

When you're buying a new home, remember: the people you talk to might not stick around. They might make promises just to get your money. So, always ask for everything in writing to be safe. And don't just rely on messages – do it in proper agreements!

Before you go ahead and buy your flat, plot, shop, or even land for farming, let's make sure you're all set by taking some smart steps beforehand. Prevention is better than cure.

1. Check Documents: Look at all the papers for the property carefully before you pay any money. Make sure they're real and okay with the law.
2. Research: Find out about the person selling the property. Look online for any good or bad things people have said about them. Knowing their past can help you trust them more.

1. Ask for Help: Get advice from someone who knows about real estate or laws. They can read the papers with you and make sure everything's fair. Best option would be a Legal verifier, they will help you in safeguarding your real estate purchase/investment.
2. Visit the Property: Go see the property yourself. Check if everything looks okay and matches what was advertised.
3. Pay Safely: Don't give all your money at once. Try to pay bit by bit as the property work gets done. Or, use a service where someone holds the money until everything is finished properly.