Real Estate SCAM India 2023 : House Tenants and Buyers Be Aware
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- čas přidán 23. 08. 2024
- The biggest fear of any property tenant, House buyer or House seller is loosing money in a property fraud & real estate scam. In recent times scamsters are innovating in the style of property frauds and real estate scams in India. Recently I cam across a new real estate scam in Gurgaon but I am very sure there would be different versions of this scam happening across the country.
In this video, I will discuss
1. New real estate scam in India
2. How property fraud is being executed
3. Actual call with a property fraud scamster
4. How this real estate scam can be replicated in resale market
5. How to identify and avoid property fraud at an early stage
6. How scamsters are using property portals to execute this real estate scam
7. Which property portals have taken steps to address this scam
Request you to share this video with your family and friends to create enough awareness about this new real estate scam
About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
You can reach me
Email: info@flatsandkeys.com
Whats app no: 9625111400
#propertyfrauds #realestatescams #realestatefrauds
This is exactly the same thing that happened to me. I was looking for a rental in Bangalore in June'23 on magicbricks. I connected with 2 acammers, both posed as owners working in some government offices at very high positions. Both asked to pay Rs.500 as visiting charges. But I felt something was fishy because no society charges just to see a flat for rental. Hence, I didn't proceed with them and blocked their numbers.
All real estate agent on portal show very good pictures, but when we call they say it is sold out and then go some worst bad property
Bro, it is simply a marketing technique to get some leads. Similar strategies applied by swiggy, zomato, and other online apps, which says 70% off, 60% off, but ultimately, if you buy even for 1000 rupees, you max off will be 50 - 100 rupees only. But no one questions that
😂😂😂 ha chutiyapa
Yes.. magicbricks in no.1 in this. Will show unrealistic property at unrealistic price.. and then they will ask you to pay for subscription to get the number of the owner... And after we take the subscription and call that property owner it turns out fake..
And that way ur subscription fees gets wasted..
Always prefer 99acre as they are much ethical compare to magicbricks or nobroker
Resell Market is different and Fresh market is different 😅
Same modus operandi. This happened to one of my colleagues, too. She paid 2000 bucks to see the property upfront. Pretty sure this is the same group of scammers operating in Delhi NCR.
Didi 2000 bucks, 160000 ho gaya 😂😂😂, bahot cool dude ban gayi didi 😂😂
The only rule of avoiding scam: If any unknown ask for money before providing any service then simply say NO. Its a SCAM.
Thanks for bringing this up, we have been cheated same way by paying advance for maid services. Raised complaint at consumer court,etc portals but no use. Root of all this is just dial
Add to that, there is no receipt for the brokerage. House owners dont give receipt for rent paid either, and deduct hefty amounts in the name of painting, repair etc. despite staying for only few months, and a paltry sum is refunded from the advance paid. I have also heard that brokersge is charged again if you wish to extend your stay on the rented property.
This type of advance was asked a few months ago when i was looking to rent an apartment. I refused to pay and told him come to the location and i will pay you 3000 to see the flat. He hung up 😂 this was in Hyderabad Hi tech city area. Thank you for enlightening us
One guy tried this with me, asked 2000 rs deposit for flat visit. Paisa chodo usko itni innovative galiyaan sunai zindagi bhar nahi bhoolega! 😂
Thanks a lot for sharing this!! I have had a very similar experience recently while looking for a property in Gurugram. The first person's voice seems to be almost identical too. I'm well aware of these scams and didn't share any details/money with them. But I did report this to 99acres. I hope no one gets scammed and these scammers get caught soon. Your video is very informative for people who might not be well aware of such scammers 👌👌
Thanks for sharing your experience
Sir, same happened with me in Hyderabad too, but I was able to realize that the agents were scamsters as the mentioned property didn't even exist on the pinned location as per Google maps.
I too came across this while searching flat in gurgaon, but thanks to 99 acres I didnt fall to this. They already show this alert on their app.
Thanks for sharing such modus operandi. It ia an eye opener for property searchers.
Thanks for sharing such usable info on a public platform.. thank you so much
Glad it was helpful!
This channel deservers more views
Quality content
Thank you so much
New- Scam-- - A person posing as an army officer contacts the owner, expresses interest in the property, and asks to pre-pay the deposit or advance without even seeing the property first. They say there is process in army you need to add army bank account number in phone by then request for payment. but they make you pay money form your account to them by manipulating payment mothod
Exact thing has happened to us too. We had listed our property online for rent. Some one calls us saying he's from CISF. He sends Adhar Card and PAN when we asked which was clear that it was edited. Later he continues with same PhonePe request tactic to pay the advance not even looking at the property. We cut the call by threatening them of police complaint.
I got saved being scammed by this process too since I insisted deposit to be made by issuance of a cheque or a bankers' cheque
I think there is need of insurance product for these rental property sites . So that if fraud happend to the registered user claim can be paid to the user .
Precise n accurate content / your hard work in preparation is evident. Suggestions to make few videos on- Faridabad good projects to invest/ residential/commercial. Impact of delhi Mumbai expressway on Faridabad/ncr n adjacent properties if any. Interior work and genuine costing/ best amenities society in delhi ncr - also pl make a video on Vrindavan property sudden hype
Thank you for your kind words and topic suggestions, will surely cover these topics.
Nice informative video. There is one more problem. When you try to buy a flat and share your mobile no, it is spread and shared with all the property dealers and all will call you and you will be mad.
There is one more scam. Please make a video on it. This scam is regarding Matrimony.
It happened in Hyderabad , similar to scenario 1, Though i didn't pay
Same happened with me in Noida from 99 acres site. But I didn't pay any money 😎
This happens everywhere.. Even grocery stores. You Ask for something they don't have n they'll say it just got over or sold out
I have come across one such experience where they were asking for a fee for Entry but I did not paid any single penny.
In my case No Broker said that you have chosen house from their side so shifting Movers and packer services charged on discount, they charged less Rs 10,000/_ compaired to others. I booked transfer Rs5000/_in advance .They done but with low grade unexperienced person and then increased amount to Rs 5000 on final by informed me truck/ van is not available, i stuck by giving advance Rs5000.
At last after reminder / complaint they had not given Invoice or receipt. Which is urgent for me to claim form my office.
I lost to claim whole money.
Yes. This is true. Same thing happened with me in Mumbai. But I refused him
good video... expose these filthy scums, brokers......... buy only ready to buy , move only apartments like mine... etc in central delhi etc. buy only ready to move apartments.
Complaint karo police mein. Jurm ko sehna bhi jurm hai.
Exactly the same thing happened with me and my friend also 8 months back in Hyderabad.
Luckily we were at the property location and called him.
And other 4 short listed was also similar.
It's such a clear and Intentional cheating, why can't police catch them I don't understand.
Happening in Noida also guys. I came across two of them on Housing App
Thanks for the video bruhh
Very nice, good informative video. Thanks.
In Pune 4-5 website this problem
They are priority advertiser and cheaters
Its just not about the property but schools in Bangalore also started this and that too openly!
Some of the schools are now asking for school visiting charges when you want to go and visit the school for your child's admission.
Mujhse v 1000 rupee entry fee ke naam pr maang rhe the. But m youTube pr search kiya, thanks to you, your information save my 1000.❤
Similar happened while I was searching PG/Hostel in Pune, I got doubtful and did not move ahead.
Superb!
Rcvd similar complaints from Mum and Pune also.
Tu for alerting citizens.
wasnt aware, thanks for sharing
Kisi chiz k liye paisa nh dena chahiye
Chahe wo job search kr rhe ho
Ya ghar search kr rhe ho
Ya fr koi v chiz ho jisme pehle Paisa maang rha ha before getting that product wo fake hi hota ha.
Note: Agar koi brand ha then advance payment kar skte ho
Hahahah i encountered same sort of advertisement when I was looking for a property. Initially I was excited and later i realised its good to be true and i said nahhhh.
Thank you, Rohan, for sharing the insight. Very helpful!
Glad you found content helpful.
This happened with me when I was looking fir a rented flat for my daughter. I did pay 2000 to the scamsters, for issuing a visitor card from the society. The complex was supposed to be a very posh one so I believed and paid.
But it didn't end there, they asked fir another 2500 for some other stupid booking fee. It was sounding fishy so I declined. I then checked up if there was actually such property available.
This is where we want to fund a house sitting on our Butts, and they take advantage of that.
Also the photos they show on the website look like an interior designer has designed the flat
Really it is a new alert
I lost big amount with this one and DLF Oakwood was the mentioned society and 99 acres..
Quite informative. Thanx dear.
I didn't send any details.. for me, I found their ad for DLF Pinnacle on 99acres. Seems they have listed on multiple societies.
VERY GOOD INITIATIVE ,KUDOS !!
How slowly you speak each and every word audioble no back music keep it up
Thanks for the alert.
Very good information..
Achhi information. Thanks a lot 😊
Very much interesting Great info n details provided. Thanks
Just got a call from scammer today... but i am saved 😊
Why are police and govt not taking action as this fraud ruins lives of those who cannot afford such loss😢
File complaints action will be taken, 500 rupees and 2000 rupees nobody file complaints, that is individual problem
People don't understand more than 10 people are cheated every hour for same property
Just imagine these cheaters are earning from innocent buyers
Same thing happens to me while searching for flat for rent in noida, but I denied paying beforehand.
I was asked to pay 2k which I denied
I am sure, your content is good.. and pray God to reach subscribers of 100000 soon.
Thank you so much 🙏
Omg Thank you sir sharing this video...... Kyu ki same things hamara sath kal hone wale the..... (Humse unhone bola visit card karne keliye 2000 pay kijiye...) Maine Abhi tak pay nahin kiya .....this video dekhne ka bad pata chala Scam ke bare me🙆
Thanks for sharing.
I had listened first time this type of scam , thanks
how can we know owner/broker is genuine I mean they would have some ID card like that?
Thank you for the alert.
Sir make video on buying independent house in south delhi
Hello Sir. I am Indian army soldier who has been cheated by jms builder in Gurgaon. I purchased plot in primeland with written confirmation that first transfer will be free. At time of sale they refused to honour commitment and charged high transfer fee. Can you please cover this story as well against such fraud builder
I faced this in Bangalore, and the weird part is the flat I saw was on magic bricks and it was under their premium plan.
These scammer are in no broker website aslo😊
thanks!!!
99 Acre site more frauds happening and i personally seen in Cyber crime cell in Hyderabad
There is a arora real estate agent in preet vihar who charges 1000 rs for showing flats and 1 month brokerage. Full on unprofessional behaviour of doing business
Boycott such brokers and they will stop such practices.
The gatepass wala issue also happend with one of my friends.
Very common in Hyderabad.
Thanks for informative Video
Same happened with me while searching flat in Hyderabad. But mai smjh gyi..😂
Pyaari samajh gayi..... 😂
Great sir
Thankyou for this information
One guy tried this with me. He showed a plot and I liked it and froze the deal. Later I got to know that asking price is higher than the market rate. I didn't get into any agreement or anything of that sort. I made another offer that is closer to the market rate which obviously owner declined. I pulled out of the deal and owner didn't care much. The agent who showed me the plot started bugging me to give Rs. 2000 for nothing. I tried making him understand but he wouldn't budge. Finally I asked his address so I can send him legal notice for illegally demanding money from me. He stopped pestering me.. Be your own protector and never leave your guard down when you're in Indian real estate market
So basically if scammer put realistic price and if there is indeed 1 bhk available we are doomed
Hi , I recently had this experience today for Bangalore location. Is there any way we can connect ? I found only your video on this .
All property portals are scam.
nice information thank you
Thumb rule @ never pay advance virtually
Same case happened with me while searching for a PG in Karol Bagh Delhi 😂
Sir, thank you for making aware of these scams. In Bangalore, almost 600 people in 2006-8 period cheated by Griha Kalyan. Can u make a video on that. And in Bangalore, there is a 3rd party who takes pre booking money for any flats and people do invest . Do u think its a good option?
Thankyou dear
Its happening in noida, Gaziabad amd magic brick
Thank you so much for sharing. Lost 2L of my friend.
Excellent video 📹.
Thank You For Perfact Information
Same thing was about to happen with me… he asked 2100 from me which will be later adjusted in the rent and I was about to pay.. then he did a mistake… he said the 1bhk is fully furnished and that hit me…. Coz it was way too cheap for that price… then I searched and came here
Hyderabad me bhe hai. No broker and Housing as well.
Can we go to police will they post as a customer and arrest him for cheating
Its happening mostly on magicbricks now
How do i get the money back. Please let me know.
Thanks o'lots Beta.... for good information....
Thank you so much🙏🏻
Excellent information and appreciate the effort on this content..
Glad it was helpful!
Faced this already while searching flats in Hyderabad
Very useful video
I got scammed for Rs 14k in the same way in Pune
Good point covered। Keep it up. Also plz cover fake cash back promise made by channel partner but not fulfilled। This is very much surviving in the industry
Thank your for your feedback and suggestion. Will definitely create a video on the recommended topic very soon
Very important information thanks
Glad it was helpful!
It's really an eye opener
Sunday same happened with ne for pg he ask me 500 rs and told me security guard ko paynt recipet dikhao gye tabhi entry millegi..thnk God saved 500 as he sent me scanner on my whtsapp plz beawear
i was asked 3000 rupees in the same way
Banglore mai kafi pahle se chal rha hai
I also get scammed 😢😢 more than 10k 😢😢😢 i logged a complaint in cyber crime..kitni bewkoof thi main...
same thing happened with me in gurgaon.... but I didn't pay money
Awesome Inc
Thank you !
Time to implement chargeback on UPI payments like credit cards