Apr 10
Aware of Builders and Property sellers
Yes, it’s your dream house. But make sure you are not shelling out those big bucks for any castle in the air.
With rising property rates, lucrative offers and easy payment options, investment in real estate has never so alluring. At least, that is what banks and builders would make you believe.
But police records have a different story to tell. If data available with them is to be believed, more and more real estate investors are struggling to cope with the downside of the property boom.
Police said the number of people duped in fraudulent real estate deals in Delhi has almost tripled in the last two years. In 2005, the police registered 24 cases of fraudulent property deals.
In 2007, 65 builders and property sellers were under the police scanner for duping hundreds of gullible investors in a single year. In all, the police are currently investigating 162 cases of land and building fraud.So be careful with the builders and property sellers
April 11th, 2008 at 5:53 am
I’m thinking what is the meaning of ’shelling’ in the first line.
Gany kalukura, using complicated words. Keep posting like this, let me improve my English knowledge.
April 11th, 2008 at 1:41 pm
@Gany : Our govt. should frame some strict rules to protect the public from these frauds!!!!!!!!!
April 11th, 2008 at 4:37 pm
@hari
Theriyama solliten. Anyway Shelling means Some kind of storing.
@Siva
If they are buying Govt property means we can be careful.
but when it comes under private,then they know all the ways to cheat us.
April 11th, 2008 at 7:07 pm
No, shelling does not mean storing:O.It merely means paying for something(spending money, sometimes in excess).
April 12th, 2008 at 5:45 pm
If you ask me what is shelling, I would say ’selling’ has been ‘misspelled’ as shelling.
April 12th, 2008 at 6:14 pm
Haha, gany.
April 12th, 2008 at 7:05 pm
I am not going to read this post. No interested to know about it now.
April 13th, 2008 at 6:01 pm
@ Gowtham,
Who asked you to read?