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Friday, September 19, 2014

“Deceptive real estate investment schemes” and Right To Information

Mumbai pune nashik is called Golden Triangle of Maharashtra because of its best connectivity with Mumbai. As Pune and Nashik continue to be hot destinations for realty investments, here is huge demand for land from urban rich.


This demand is specially more in  Maval and Mulshi talukas because they are known for  fine scenic spots. But marring this tag, they are getting the dubious distinction of being the hotbed of fraudulent land deals.The changing of ownership titles of large tracts of land in Mulshi and Maval talukas, in Pune district, without the knowledge of original title holders, most of them farmers, to build resorts and farmhouses for the urban rich, is a scandal that has been going on for over a decade.


It is not the case that government doesn’t know this, but most of these deals are done with hand in gloves of land mafias with politicians and bureaucrats. You go anywhere in any village of these taluks you will find every big politicians ( despite of which party he/she belongs to) or bureaucrat land here .Hence common person cannot have easy access to land records in these taluks. Not even that , you will not find mulshi taluk on collector’s official website.


Mulshi taluk disappeared from Pune district Video Courtesy - Zee 24 Tass

If anybody tries to go in details of the Land records here, Mafias by hook or crook silent him/her. RTI activist Satish Shetty was killed because of the information he procured of massive land scams in Talegaon and Lonavala. The land sharks in Pune district are ripping off original land titles, and his killers are still moving scot free.

There is another angle to this story also. People always fall in love of investment offers of plantation schemes, Calm, Private, Luxurious and yet open Farm house plots with Sunrise / sunset point, Swimming pool, Landscape garden, Exclusive Developed demarcated plots with Boundary Fencing, forest walks along the periphery etc. etc –

What may restrictions and prohibitions SEBI, RBI or the government impose to tackle collective investment schemes or Ponzi real estate investment companies. Financial scams and scandal rock the country on regular basis, promising quick money to gullible small investors. They find loopholes in laws and regulations, play different tricks, play with the words, and give deceptive promises and so on.

To tackle this issue, Right To information is the best solutions. 
Photo courtesy - Ravi Karandeekar

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