Indian officials warn of investment property plots scam

photo credit: kkalyan
Planning officials in an Indian city are launching a criminal case against a woman who allegedly tried to swipe a site from under the nose of the property owner by using falsified documents.

The Bangalore Development Authority (BDA) is warning real estate market firms and property investment professionals to be on the lookout for similar scams.

The group says Chanamma Shivalingegowda was allocated a 30 by 40 feet site in Koramangala in May 1984 and was given the possession certificate for the site the same year.

The plot was then left empty for a long period, which the BDA claims Esther Sarojini Alex, a woman employee of communications firm BSNL, tried to take advantage of.

The BDA says Alex, with help from Sri M Shankar Bin Muniyappa, approached the authority posing as Channamma saying the original documents had been lost and applied for an absolute sale deed.

The BDA said:

“After a detailed investigation officials found that Smt Esther Sarojini Alex and Sri M Shankar have connived to grab the site through illegal means. Therefore the BDA has decided to proceed with criminal cases against these persons.”

The BDA warned conmen were increasingly trying similar tactics elsewhere and urged property owners to quickly apply for an absolute sale deed after a sale agreement is complete.

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