NEVER invest in these 3 types of Properties | 3 Real Estate Frauds
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- čas přidán 9. 07. 2024
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On public demand I invited Naman Mohnot, a high court lawyer based out of Jodhpur, to educate us on 3 serious property frauds. These are frauds that can happen with you even after buying a property.
Till better regulations come into place, we need to know about these real estate frauds in order to protect our hard-earned life savings.
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Chapters:
00:00 Intro
1:28 Fraud 1
8:34 Important announcement
9:28 Fraud 2
14:45 Fraud 3
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Watch Part 1 👉 czcams.com/video/Zhxp1BGgBn8/video.html
i'm quite upset withb the LLA podcast's date selection, i want to be the part of so many sessions but i can"t because i do not get day off on saturdays and sundays .
Can you make a video about what to do or not to do at the time of renting property?
hey LLA team how can someone contact you guys if he want help from you. Please mke video on this also if possible
Sir, I had ordered a smart watch from Firbolt, which later got damaged and then it was replaced under warranty. Then they sent me another model or when I contacted them they told me that I don't have that model, you can use this one
And when I call them they say that I am not able to do anything yet, I will inform my senior, my warranty will be canceled after 2 months, And the build quality of this watch is absolutely ridiculous.
Will you make a video on AI, like telling ChatGPT or Bing Chat about our issue and asking them the right steps or process to file complaints online, etc., and tell us if these are the right steps or information? is complete and latest about rules and procedures. because lots of people don't complain about fraud calls or sexual harassment videos that are shared on social media until they go viral-twitter accounts that spread porn videos. Some of these also post rape videos. I myself reported a couple of them at that time. I didn't know all the steps. I literally googled and checked multiple sites because the government sites are not properly structured and complicated language is used. Due to this, I was able to help my friend when he wanted to file an online complaint about a scammer.
The worst part about this whole discussion is the “realization” that the whole judiciary is stacked against law abiding citizens and in favor of lawless people. Absolutely disheartening.
The whole system is broken , non - transparent and very very slow . They have kept it this way to get more money out from the law - abiding tax paying ppl like us .
And the worst part, if govt is trying to bring in any judicial reforms, the judiciary along with opposition will hit the streets
@@sumansatan1669 govt is trying to bring judicial reforms for adani's benefit lodu. Not for your or mine benefit.
@@MegaNerevar Reforms are for everyone. Agar adani kharid sakta h to tu bhi kharid sakta h legally, adani chood Ambani se lekar har koi. Amazon se lekar bade bade companies India mein investment karne mein isliye jhijhakte hn kyunki yahan ke laws aur courts bahut chutiye hn
Ab 1991 mein market reforms kiye to uska fayda Ambani aur Adani ko hua to iska yeh matlab thodi na h ki baaki gand marwate fire aur unko koi fayda nahi hua😂.
So three points check:
1. Check title
2. Check possession
3. Check PoA
PoA stands for?
@@sohailbaig5780power of attorney
@@sohailbaig5780Power of Attorney
power of attorney @@sohailbaig5780
@@sohailbaig5780 Power of attorney
My dad recently cancelled a deal to purchase a property, which was at really good price, but it was involved in dispute. Even though the person had won the case, my dad said the person losing the case could appeal, I was quite disappointed as it seemed a good deal. I guess with age comes wisdom.
Your dad is a smart man. Paisa dekar musibat nahi leni!
What if you get No Objection Letter from the loser that he or his heritor/heir will never claim for the property?
An agreement in restraint of suit is invalid
@@ApradhTube Hmm. Thank you for the info.
क्या हो अगर मेरी प्रोपर्टी पर होम लोन हो और मैं उसे कसी को बोच दूँ😅
lla is not making videos....he is serving us. Thankyou LLA & Team
My mother bought a 5 Katha land in Dhanbad, Jharkhand with the money of my father's Accidental insurance.
Now when i grown-up to 18 years when i went to recheck my property now i was completely shocked that the Land is actually belonging to D.V.C.
The best part i Heard in the Registrar office is that , the Dalals and CO. They burnt the land deeds so that when anyone went to check tha ownership they will not get the real information regarding DVC , the funniest part is that in the year 2018 , DVC file a case in the Court and reclaimed the land and you know, court gave DVC Ownership.
You won't believe those Dalals sold property of DVC worth ₹ 7800,00,000.
The CO was relative of the Current sitting CM of Jharkhand in 2023.
Some people took Home Loans from the banks before 2018
Now they r not paying back.
Everyones printed money and only normal people lost their money.
Where in Dhanbad bro
I'm also from Dhanbad
my family i am also victim of this fraud😢
That's why you should always take a small loan before buying any property because now its the duty of banks to verify all papers and they provide loans to only valid listed property this is how you avoid getting scammed 😊
Bhai current scam dekha hai tune vasai viraar Mein. Tera bank se bharosa uth jayega. Just google it it man
Bro Banks also pass loan on fraudulent/unclean properties and forces the borrower to pay in case of dispute.
Seen this stuff multiple times.
@@kingsd2797 if u take a loan around 8 to 15 lakh they indeed go thoroughly
@@kingsd2797Recently witnessed a case of my relative of an unclean property cleared by bank for loan. At the end, bank had to return the EMIs deducted to the buyer after he filed a complaint against the bank for improperly clearing the loan.
Bank loan is not a guarantee to save you from Fraud.
There are many type of fraud cases.
I would suggest to visit property and neighborhood several times ,check and get all noc's also and get every document verified properly.
Check and discuss with neighbours also.
Weight for enough time before doing final payment.
Always take multiple opinions about that property from your trust worthy people.
Also make sure to hire a good lawyer.
Try to do all your transactions through online or cheque.
Never go for deals for which seller or broker is creating urgency and clearly tell them I will go by process and will need time .
Please note this sense of urgency is the first alarm of fraud.
I am not saying everyone is fraud who is in urgency but in majority cases there is something fishy.
Urgent deals should be done in very close relationships or neighbours or colleagues and not with someone who you know just by name .
One more very important thing ,please make sure you visit to sellers residential address also and enquire about seller also in his neighbourhood.
Try to get necessary information about seller and do not hesitate.
Buying a property in India for investment purposes is a pain in the ass -
1)Existing LAWS and LAW ENFORCEMENT does not support an average middle class buyer
2)Every seller wants a majority of the consideration value as BLACK MONEY. It is near to impossible to raise such a huge amount in CASH for an average buyer without attracting IT notice
In this country, the game of Real estate is suitable only for the big players who have good connects with police, politicians and IT officials.
Country is not for.middle class.. it's only for the rich.. and for the poor since they are vote banks..
The middle class is a minority..
I agree but wtf we should doo in this cruel world
@@atomsotaku - Buy flats or villas only from reputed builders (big builders don't deal with cash from retail customers). There are still sellers (like you) who deal honestly. They might be uncommon, but you can still find them with a little patience
This channel is the Gold Standard of Indian CZcams space. Hat's off LLA 💎❤️
As an advocate i can suggest you to always check before Record available in govt website. Then search for three or four concerned registry office about any recently happened registration relating to the land or plot of land. After due satisfaction do check whether the owner having originally registrered document and all other mutation certificate of the land. For better assurance, you can ask for document of past registstion if available. Lastly always demarket plot of land before buying such land. Ask neighbours whether it is objectionable or not. Then go for registration and always take custody of original document which was in the hand of the former owner. Do not leave a single document which may give him further scope to sell it again to anyone else. Lastly do record as soon as possible to the govt and declare that this property belongs to you.
You guys don’t even know how much you guys help us, because of this video my uneducated father understood legality of buying properties. Keep it up.
We want more. Please Bring Part 2. Hit like if you agree 👍
This was part 2 :)
Part 1 is here: czcams.com/video/Zhxp1BGgBn8/video.htmlsi=hL9gE0BzM3hve3-l
Banega to ab part 3 banega
क्या हो अगर मेरी प्रोपर्टी पर होम लोन हो और मैं उसे कसी को बोच दूँ😅
@@sujitahirwar8194 Kya hoga agar apka EMI wala phone chori ho jaye? Tumhe bank ko paise to dene hi padenge.
@@LabourLawAdvisor part 3 would be good as well.
In the end you guys were discussing about Aadhar linked registration as a future step. Its already been happening in Haryana for last 3 years since the upgraded the portal. That has resolved these problems to a large extent.
And getting a loan on the property solves for most of these issues. But good learning regardless - thanks LaLa.
This system is there in Telagana too. Moreover, Encumbrance certificate may be generated to verify the claim of the current owner mentioned in the sale deed for the said property (which also contains information of past owners for past 10 years.)
@@pranaythegreatfuli thought kcr is die hard corrupt
@@sharad7340kcr family is accused of money laundering and liquor scam
He's corrupt for sure
dhruv bhai.
Ye sab bhram hai , kanoon k balbutte insan intazar karega to depression jaisi bimaari aur paal lega.
Legal system b ek reason hai k crime itna baddd chuka hai.
Actual mein asli power badmaashi ki hai , Badmaash insaan na kafi harras hota na kabhi pareshaan hota.
Legal system ki jo working speed hai usko dekh k aisa lagta hai k sala insan ko is dunia janam hi ni lena chahiye agar wo apni ladai bina kanoon k apne dum pe ni ladd sakta.
Mahabharat ramayn k samay me koi kanoon ya judge ni hota tha wo samay achha tha.
Absolutely loved this video!
Tenant wala bilkul sach h,
Humne apni property pe 3 tenants rakhe thai, ₹2000 per month pe (in 2000) fir humne 2002 pe Khali karne ko bol diya. 2 ne Khali kar di, 3rd ne room pe lock laga diya , rent dena b band kar diya, humne 6 months wait Kiya Khali kar de, but Khali nahi ki or lock kari rakhi, then hee demand 2Lakhs rupees property Khali karne k liye.
Fir humne case kiya,
Date pe date milti rahi, opposition court hee nahi aati thi, bimari ka bahana laga deti thi, 5 saal nikal gaye 2007 mein hum settlement karna pada ₹50,000 Dene pade then usne property Khali ki or likh k diya mai property Khali kar raha hu.
Log bolte h Indian Judiciary bohut achi h, neta log behiman h,
But humare saat Jo hua, us k baad Indian Judiciary k liye dua toh nikalegi nahi
Ab ye sab hone pe Indian
Bhai JI humare courts system itne bekaar he ki lifetime nikal jate he justice k liye.Bohot to bekassor jail me pare rehte he.Uske upaar courts ka summer or winter vacation rehta he ,aur fix working hours 10 am to 4:30pm aur usme lunch break bhi he.And sorry to say thousands of cases pending pare hue he aur new cases multiples me daal rhe he.But our judiciary has no intention not even slightest to move forward.
Bhai agar jabran tenant sko nikalwa dein to kya consequences hote hain uske?
Brother at the time of agreement you must mention a serious point in it, which is as follows-" Landlord can break the lock if/when needed(conditions like- tenant doesn't follows other terms & conditions of agreement, tenant refuses to pay rent or refuses to leave the property if the rent is not paid or if after the agreement expires, or some other conditions) .
@@shubhamchauhan2241 Brother there is a misconception that if we get signed from tenant for something like what you mentioned, we can do that. No brother, law goes by its course. For example, many companies signed from employee a bond, but legally that can't be execute.
So even if you got sined from tenant, you can't legally broke the lock, and may be jailed to doing so.
Instead I provide you a simple tick which I learnt latter, took a signed from tenant on back of the agreement without date, later you can add on the behalf of tenant that I am leaving the property, there is no due, I have taken all belongings from the property etc. this might help you.
Another masterpiece by LLA. Mandeep you are gem who is making us aware on many more topics.
Keep doing good job.
I was working with one of the reuptated Real estate company previously. So a good hack IMO is to take a Loan for the property even if you have that money with you. The upside is the bank will check each and every aspect of the property as the bank will consider the same as a collateral for the loan and if the papers are not clean then in case of default, the bank will be in trouble. If you can get it from HDFC then there is nothing like that as HDFC has the most stringent scrutiny policy.
Bhai policy to bank ki stringent ha lekin person can lose its integrity for some commission
Aur bank ko action lete lete tumhara injuction order aa jayega
To opportunity cost loss hota to ha
@@Angchems In that case you can just go default on that loan and now it's bank's responsibility to recover the collateral to pay the debt. Its not a recommendation to default on your loan. Its hypothetical and 99% of the time you can not go wrong with HDFC (not sponsored). Be vigilant yourself that's the most important thing, taking a loan is just an additional safety net.
@@TRInternet exactly thats not a issue but bank will degrade your loan ability and getting further loans will be a more hard route
Also it's better to get list of original documents available with Bank. Sometimes Bank may loose your document and tell you that you have not submitted it.
Commercial shop lene ke liye loan milega HDFC se ??
Great sir. I am real estate sales expert. This video is
a masterpiece for me and my clients.. if i aware about these frauds then i can save and help to my client. Thanks a lot 🙏
Mee watching this although i am having 48 rupees in my account, there is no chance of buying any property. Meraay sath in mai say koi bhi fraud nahi ho sakta😂😂😂😂
Same mere pas bhi property lene ka paisa na hai😂😂
Time Aayega bhai tera. Tension mat le.
Bhai sab gareeb nahi hai😢😢
🤣🤣🤣🤣🤣🤣
😂😂😂😂 property education Lelo future me kaam ayga
10 , 15 sal court mai cases chalte hai , sabse bada problem yahi hai.. our judiciary is one of the most corrupt institution....
Use the coreect word its slowest not corrupt hota to court ko jata nhi
Slow ha and i agree to the point bhut jyada time lgta ha
Vakeel ji wjh se
Prevention is better than cure....
Legislative(Politicians), Executives(IAS etc), Judiciary(Courts and Judges) are all corrupt.
Plus, the Supreme Court works for only 193 days a year, which means almost half the year the Judges enjoy holidays. And there are a whopping 3.3 crore cases pending in India.
I agree, I was able to buy a district court judge through my friend who's a SP and his dad's ( who's a MLA of Congress) for 1 cr over property dispute of 8 cr. We later we got the other disputee arrested in a false drug abuse case ( we placed drugs in his car while checking for his vehicle documents, later his family begged us, we let him out).
One thing India should do is linking GPS coordinates in a property with the stamp paper beacuse in some cases people sell their big property to many people and same plot to 2 people and after development of the area there is no evidence where is the original land sold to a guy because no one knows whose land is on the four sides of ours.
My grandfather told always years ago , always hire a experience (average experience is also enough) lawyer before buying real estate o
My grandfather would have had a different opinion.. he is not alive anymore but he had purchased around 12-13 houses to put them on rent..
And since he was illiterate he hired a good attorney and the attorney scammed him and did everything in his name.
Grandfather had moved from the village to Mumbai and couldn't do shit.
I am guessing he couldn't do anything because he was new to the city..
Whenever you plan to buy Real estate, it's a Huge investment.....so, just make a little more investment at the beginning and hire a good lawyer at the start, so that everything is on point in the negotiations and all documents are VERIFIED before you pay the money.....
This is where most people go wrong!!
Question on fraud 3 - if a builder is power of attorney of a joint land and creating Apartment on the land. Is it okay to buy property from that builder ?
Buying a property in India for investment purposes is a pain in the ass. If investment is your purpose, better invest in REIT (Real Estate Investment Trusts) which gives the same capital appreciation as investing in physical real estate or invest in Index funds (13% returns) or better still actively managed mutual funds. Beyond these frauds, even after you ensure that everything is legally correct, how will you pay the huge black money without attracting IT notice ??
मुगलों ने लूटा अंग्रेजो ने लूटा देश के बंटवारे मे मे लोगों की जमीन जायदाद लूटी गई आजादी के बाद भी कई दंगों मे कश्मीर मे लोगों को मारा गया जमीनें लूटी गई फिर कई जगह दबंगों ने भू माफिया ने घोटाला किया अतः यहा का इतिहास ही फ्रॉड से भरा हुआ है सावधान रहें सतर्क रहें!
Extremely valuable information!! Thank you.
Keep up the good work LLA, need more such videos..
I remember in 2003 in father bought land to build our home.. and it was joint property so he spent months in trying to find all the could be owners/joint holder to get their sign..
You and your all team doing appreciating work
What if one of the brothers isn't ready to act as one of the witnesses in case of formation of a will and neither showing any interest for this will only at the moment. How to counter this in a constructive way?
As always excellent video. Learned some new things.
I have done almost everything as discussed in the above video and date of registration is on 29th Sept 2023.
Now I am a bit more confident in buying the property.
Thank you 😊😊
Best Video by Best Channel. Keep sharing valuable information like this.
Thank you for quality content
Excited for the Masterclass
Awsome Contetnt guys.......Thanks a ton Adv Naman & Team LLA....Respect from Bangalore....
What a simple yet informative video. 💯💯
Realy eye opening video...LLA always gives valuable information
Wowww Mandeep. This is awesome.
A must see video for all.
Thank you Naman
Very informative... Thank you for the video 💜
Also it's better to get list of original documents available with Bank on Bank's letter pad and with stamp of the Bank. Sometimes Bank may loose your document and tell you that you have not submitted it.
Absolutely awesome.. please make more elaborated videos about property related problem and with their solutions.
Thank you for the wonderful content. Can you please make a video on what are the things to check before buying commercial property
Appreciable well said 🙏
Very informative video. Land & tenant laws should be properly looked upon.
beautiful video brother, thanks a ton @
This channel is worth subscribing due to its content. If I want to rate I'll give 10/10.❤
Thanks for the video. I was planning to buy a property and this video came at the right time❤
Excellent video, great quality work by both of you, thanks 🎉
In the end
I find a point that jabhi aap koi bhi property na deal karo remember ki
Witness ma uss bande ko involve karo jis bande ka direct involvement in that property ho
Or the person who may causing any sort of problems in future related to that property
Isse tumhare ko ek ground of defend milta ha and samne wala tumhari point ko counter kar nhi sakta as the reason is he himself signed it
India is the 5th largest economy and the largest democracy. But only when you try to own a piece of real estate do you realize that how LAWLESS this country is. Courts are apathetic to the suffering of real estate investors. Govts have deliberately avoided reforms in real estate reforms as most of the frauds are committed at the behest of powerful politicians. Justice is still a distant dream for the average citizen in this country
Such a educational content💡Thanks for spreading such awareness! #bringiton
Thank you Mandeep Bhai for such informative video
very useful points explained.. Thank you very much
Very good informative❤
Really informative video from LLA, I hope you guys bring more videos like. We need content like this.
Thank you so much LLA Team, it was really very insightful learning. Need your help to get into one property deaI am so excited to attend your upcoming Property related session but since it's in November it would too late for me to get detailed Knowledge, please let me know if you can help me before as we need to make the advance to book a property
Very informative video 😮
Very very useful video.. Thanks LLA😊
Really good and informative video. 👍
Very useful and informative video thank you sir
Such a creamy quality content. Thank you LLA! Keep educating.
Thanks a lot for this information
Nice very imp information thanks lla and team👍
Mast informative video bnayi h LLA.❤
Excellent, thank you.
Thankyou for bringing this video
Wonder informative video , .Mandeep!!❤❤
Nice.....very good advice........
Highly informative
Thank you LLA. I hope u become MNC.
Suggestion: ek aesa channel ya video bhi banaiye jahan log aayen...jo sab in pareshaniyon se gujar chuke hon... aur apne fraud and experiences share karen.... taki more and more awareness faile.
Ps: mere sarh bhi ftaud ho chuka hai
Very nice info 👌
Great video fr Indian citizens. Great job.
Thank you Mandeep, Manoj and LLA for this, you are the top channel in India that one can trust
Aaj ke time me aap itni acchi legal information provide karate hai. Jo hmare liye bahut valuable hai. Mai aapke video hamesha dekhta hu aur follow bhi karta hu. Good luck
Very informative video😊
lot of thanks for shaeing your knowledge.
Excellent 👍.. would appreciate it even more if leasehold property also covered.
Corrections: Will can be done in respect of self earned property, inherited property can't be just given to anybody outside other than Legai Heirs.
Secondly, merely based on will u can't sell property but u need to get will probate.
Making other right holders can't be witnessed but make them confirming party. Dear Learned brother, plz enlighten common public with accuracy not just casually. Thanks
Superb sir... Session
Thankxx
Because i am starting real estate business ❤❤
And i think these 2 videos are very helpful for my starting
I watch your channel for last 3 years and i am your biggest fan ❤
Love for LLA Team 😊
Zabardast session tha...❤
Nice video...Learned a lot
The video is very informative. It would be great to have subtitles in Hindi for legal terms, which would make it more accessible to a wider audience.
Can you make the vod for the real estate live class available? I would rather watch a video like that.
Is it legal to make and use a low power electric bike (low power refers to 250w electric motor capacity with the maximum speed 25kmph) in India.
Sir, Please make a video in this topic.
Sir, I want to make a electric bike for me, but didn't know that it is legal or ilegal in our country.
Excellent Video boss. Superb
Very nice Information ❤ Thanks
Ending was lit🔥
Thank you LLA ❤
Learned so much from this video👌
Very informative video bhai ❤
Grateful for this video guys🙌🙌❤️
20:15
Sir agar yeh gya aadhar wala
To jo log apni property black ma bechte ha. I mean transaction in cash so as to avoid LTCG OR STCG
Usme dikkat ayega and i think jo party ko fund karte ha unko dikkat hogi kyuki bohot sari property jobki benami ha abhi tak uska owner ki ambiguity ha woh resolve ho jayegi 🙁
Lovely content sirji
Beware do not take joint property owner / co-sharer/ co-parcener as witness to deed because court do not consider it as no objection but only as witness nothing more. Best would be to take a no objection duly signed along with witness from the joint owner attached and registered to the same sae deed at the time of registration if you want to buy a property from from a co-sharer.
Tenants/Kabza wala to simple open and shut case hai uspe bhi itna lamba case makes no sense.
Agar owner k Paas sare paper hai so tanant should be kicked out in a week. Aise case me time waste hota h isiliye 5cr+ cases pending chal rahe h
very knowledgeable and helpful video
Best video for internat thank you😊😊😊
@LLA mere dadaji ki property bhi disputed hai. Unhe kisi ne dhoka diya tha kyoki unhone ne property ke papers ache se nhi padhe they aur disputed property purchase kar li thi.
Thanks formaking this video
Thanks for the informative video. I am looking for a house and I came across some scenarios where owner has registered the house on name of some private companies. I requested to provide the layout and other details to the broker but they failed to provide any such details.
So, I think, such type of information really needs to be checked.