Orissa Real Estate Red Alert
News,Market whisper on frauds,irregularities in Housing,flat/house
Purchase.Worth looking into before u venture to purchase house/flat
[01]Fraud by Srikhetra Builders,Bhubaneswar[sambad news 10/10/2004]
One Mrs Labanya Khuntia has lodged FIR in saheed nagar police station against Kalyni Parija
of Srikhetra Builders,Gopabandhu Complex,saheed nagar where she had deposited Rs 4 lakhs
for purchase of apartment 1.5 years back.She could not pay further and asked for refund but
even after continuous effort could not get her money.In the meantime,Srikhetra builder vanished
and she came to know that Kalyani Parija is working in another builder firm Srusti Buildcon,Saheed
Nagar. Any comment on this news,pl. send to orissainfoline@hotmail.com quoting above number.
[02]Fraud by Mahabahu Realestate,Bhubaneswar[sambad news 30/10/2004]
Kharvela nagar police has arrested Balabhadra Rath,owner of Mahabahu Real Estate for defrau
ing more than 20 unsuspecting clients one crore rupees in the pretext of providing land in the capital
city at a cheap rate.He is an administrative officer in National Insurance Company,Vani Vihar and
simultaneously floated the firm in 1998 in Madhusudan Nagar,Bhubaneswar.He used to publish ads.
in newspapers and was collecting money as advance.Land at very cheap rate was his bait.
[03]Fraud by AB Con-Tech Real Estates,Bhubaneswar[New Indian Express 04/01/2005]
City police have arrested the managing director Jamini Kant Parida and manager Brahmananda Pradhan
for fradulently executing power of attorney and power of agreement of a IRC village plot that actually
belonged to someone else.According to police,N6/22,the plot in question, belonged to one Pravabati Ray of
Barapada,Jajpur district.The plot was apparently lying vacant for a long time.Both Parida and Pradhan filed
a case before the court stating that original documents of the land were damaged in the super cyclone in 1999
and requested for new papers.They allegedly paraded an unknown woman before the revenue officials to
secure the papers.After getting the documents,they sold the plot to one Ashutosh Biswal for Rs16 lakhs.Police
suspects that the transaction was fake and was done merely to get a sale deed which is considered important
for transactions.Nayapalli police stated that the two were trying to sell the plot through one of their agents who
incidentally came across Ray(the genuine owner)'s son who was looking for a plot for himself.Without disclosing
his identity,Ray's son lodged a complaint with the police.The accused are said to be involved in a series of such
transactions/cheatings as police recovered more than 50 deeds from their possession.The value of these deeds
would run into crores.
Any comment on the news,pl. send to orissainfoline@hotmail.com quoting above numbers.If u have been
cheated by any builder,pl. send us details by e-mail.