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Friday, June 23, 2017

IT Professionals; Soft Target of Real Estate Mafia

Vietnamese Buddhist monk and peace activist Thich Nhat Hanh says “In the past there were people who were not rich but contented with their living style, laughing and happy all day. But when the new rich people appear, people look at them and ask, 'why don't I have a life like that too, a beautiful house, car and garden, and they abandon their values” . Recently I got a call from IT Professional. He wanted to buy a piece of land, the plot has got permission from Godown NA. He wanted to build a house. Even after knowing that what he was doing was illegal , he was ready build a house there just because he has lot of money to waste.I won’t say that all the new rich people have abandoned their values. But most of those do have. In this class IT professionals number is slightly high.

Though not legal but we can understand if someone who doesn’t have a home to live, builds a illegal construction or lives in slums. But when the people who call themselves to be educated, if they buy illegal flats or plots, as mere luxury or investing? then what to say?. Just because of such so called investors or buyers most of the laws like ceiling on agriculture land holdings, prevention of subdivision of agriculture land, environment law etc. are being blatantly violated in the Maharashtra.

In the past few years in Pune and surrounding many big projects, townships have emerged. However hardly any of these projects have followed all the legal requirements.Project proponents hardly give any information to potential buyers unless they invest something. Even they don't share survey numbers with buyers and these buyers also pay initial amount without verifying authenticity of the the property.

For the past few years,Maval and Mulshi talukas of Pune District talukas have become a major attraction in the field of land dealings. In the name of proposed Non-Agriculture Plots, Proposed Townships, proposed housing project the Mafia had started to fool the so-called investors. They do all illegal activities hand in glove with public authorities.

In past few years the business related to Information Technology has flourished in Pune. And as the income of the employees in this business is slightly high, a separate class of investors has cropped up. As this new class is related to information technology and for many other reasons, they visit advanced countries. While buying flat or plot in India they compare the situation with the developed countries.They start dreaming same scenario here.

As the Mawal and Mulshi Talukas received a boon of nature. Naturally the land mafia cashed the opportunity. They started showing same dreams to these investors.And thereafter where use of simple spade was banned by legislation , the plush projects started to come up. These Mafia didn’t care about any law at all. From then on Bungalow, flats and plotting schemes on luxury or scenic places began to rise.However most of the tmes these luxury or scenic places are on paper only.

As this new class of investors was easily huntable. Mafia look at it a soft target. Not only that, this class is always ready to get hunted itself by Mafas. This class do not bother to see if any law of this country is being violated or how. Even if someone brings it to there notice they easily say ‘India mein to yeh sab chalata hai”. That is the reason why large number of IT professionals have also invested in the Templar Daily Real Estate Pvt Ltd. which has cheated thousands of investors in Mumbai and Pune by running the fraudulent investment plans like ‘BuyBack’or “double your money”.

Temple rose real estate scam is organised crime also. There is team of 15 to 20 persons who are involved in this entire scam. You will find their names almost in every temple rose project as a genuine buyer . But at the same time they are involved in land deals for same or other projects with temple rose directors in all over Maharashtra. They pretend themselves as genuine plot buyers to deceive other genuine investors only.

Image Courtsey timesofindia

And that may be the reason when temple rose real estate scam was exposed so many plot buyers called this writer but very few turned up for the meeting held there after for any further action. This happened because genuine plot buyers are scared & scattered and others were just stooges of the company itself. Unless plot buyer get united, there is hardly any possibility of getting their money back or plot.

Fear of losing money already invested may be another reason that duped investors don’t come forward to take action on such scammers. One person wrote this writer after he read post on Temple Rose city scam. He had bought a plot in their Rose City PH-1, Pingori Project. He had already paid them EMIs for around 2 years and stopped paying since last 1.5yrs.When he visited their office in Pune they again convinced him but asked him to pay the remaining money after they get the NA. He eventually did nothing for 1.5 year. Now how can the plot that was not in possession of Temple Rose Real Estate (TRRE) and the plot Temple Rose Live Stock(TRLS) has already sold can be NA? .

Another example is of rose city Phase VII .Actually Rose city phase I to VI were related to survey no 810 and phase VII was related to survey no 827.As per temple rose website there are still some plots available for sale. However they have already sold all that land . They had done same thing in case of rose city other phases.

Temple Rose have broke almost all laws , rules and regulation regarding land deals and income tax also. Off course they have done all these crimes hand with gloves of public authorities in Maharashtra. Needless to say they why such authorities would have done so. Under the Bombay Tenancy and Agricultural Lands Act, 1948, no person can purchase agricultural land in Maharashtra if he is not a farmer. As well there is ceiling on holding agriculture land by a genuine farmer and ban on dividing agriculture lands. Almost in all the land deals TRRE has executed with registration department there nothing mentioned how money for particular deed was paid or received?

Agreements with plot purchasers are not done properly also .Actually documents for real estate have to be registered at the department of registration. Notarised sale deeds doesn’t bear any value. However notarization was also not done properly. When asked everybody denied that notarization was done before the notary. Attesting affidavits in the absence of its executants or deponents and authenticating instruments without verifying the identity of persons coming for attestation and the fact of execution is illegal. And stamp paper that documents are notarized on has to in the name of either of the parties to the Deed , that has also been not followed by Temple Rose.

So called Transparency is another funny part of Temple rose real estate scam. They have displayed names of the plot holder on their website. There is “ view detail” option to check details of that certain plot. But to view that option you need to have application number. However none of the lot holder this writer came across had such application number.

In the nutshell everybody involved in the activities of Temple Rose Real Estate Scam has played a significant role in its crime and hence it falls in the category of organised crime . Criminal activities that are planned and controlled by powerful groups and carried out on a large scale Fall in that category.

Friday, June 23, 2017

IT Professionals; Soft Target of Real Estate Mafia

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