The high incidence of fraudulent transactions on Land and Property today
Fri. Nov 1st, 2024

All of you will agree, it is becoming increasingly difficult to look after our land and property, especially if it happens to be ancestral property – an inheritance handed over to us by our parents or grandparents.  Higher maintenance, high cost of land and construction costs only add to our troubles.

What is also becoming very rampant is the high incidence of fraudulent transactions that are happening these days – every day there is some news in the paper about a fraud that has occurred, or a scam that has done away with some land owner’s wealth. Many wake up only to find that their properties have been disposed off without their knowledge!

This can affect land or property owners either in the city or village, and either big or small. Owners who own multiple properties and who stay in different locations are unable to keep a steady check – this proves to be very costly in the long run. And then there are others who stay abroad, and hand over all the operating rights to their relatives – this too proves to be quite dangerous sometimes. Unless some strict monitoring is done and the owner receives a regular course of notifications it can lead to major fraud or forged transactions.

Don’t you think, therefore, that it is better to be safe than sorry?