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NE investors falling prey to property fraud in Delhi

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  23 Jan 2016 12:00 AM GMT

By Our Staff Reporter

Guwahati, Jan 22: If you are planning to buy a property in Delhi or elsewhere in north India, beware.

Delhi Police has issued an advisory to people from the region intending to buy land or invest in the real estate sector in the tiol capital after a massive cheating case came to light.

Around 93 investors from the region who bought land at Rajasthan were allegedly cheated by a Real Estate Developer. The victims are now running from pillar to post to get back their money.

Joint Commissioner and Nodal Officer for North East Region in Delhi Robin Hibu said the victims came to him seeking help.

The investors had paid crores to the real estate developer for land at Jaipur.

"The real estate developer is neither giving them the papers, nor giving the attorney. Some papers given to the victims are fake. The investors had been paying money in installments since 2011," the joint commissioner said.

The victims have filed an FIR. But as it is a civil case, it has not made much headway,

"Many have invested their hard earned money in this fake company. Some of the victims have developed chronic hypertension and pressure in the wake of the fraud. There's little hope of getting back the money," said a victim who did not wished to be med.

"Many Northeast people are buying land and property around Delhi and NCR. The credentials of the developers must be checked thoroughly. Many cases of cheating have been reported off and on," Delhi police said.

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