In recent times, every scam’s trail has led to dubious deals in real estate

by Paul Joseph on May 12, 2013 · 0 comments

NEW DELHI | CHANDIGARH: It is not without reason that the quintessential real estate firm has become the epicentre in all scams in India in recent times. From Satyam to 2G, Vadra to Saradha and now Railgate — every scam’s trail leads to fraudulent investments and dubious deals in the real estate sector. Not only does the barely regulated sector allows rampant transactions in black money allowing scamsters to park their booty in land and buildings, an unchecked rise in property prices because of the infusion of this money has made wily builders, in collusion with corrupt politicians and scamsters, run away with huge profits at the cost of both

[via India Properties – Real Estate India – Indian Property News Site]

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