I just did something really nasty but I felt it had to be done

@vandana7 (95954)
India
February 10, 2023 12:46pm CST
So ...there is this company in India in my State Offering agricultural plots...with registration and records, etc. without demarcating the property...grrrrr how is that possible? Legally it should not, but it is managing to do so...grrrrrrrrrrrrr ...demarcating property is important as without it, the same property can be mortgaged and loans can be taken on it...and banker would not know whose property it is...grrrrrrrrrrrrrrr...so kinda...I am the one who is damn annoyed that such things are happening. And the six years odd company hasn't filed the annual report for the year ended 31st March, 2022 (we end our year on 31st March). So my antenna is up. Who is investing? Software people...really? Can't you just surf.... I raised my queries ...so that there are no more gullible investors jumping in. Did I do something right?
10 people like this
7 responses
@DianneN (247305)
• United States
10 Feb
It certainly sounds as if you did the right thing.
1 person likes this
@vandana7 (95954)
• India
10 Feb
I am just worried...already almost 308 people have invested...their monies would be gone...for good? Because with such a review, the company directors will rush to close the shop almost overnight...a better way would have been to approach some authority ..but who?
1 person likes this
@DianneN (247305)
• United States
10 Feb
@vandana7 Either the people are fools, or the company is a scam. I have no idea who can be contacted in your country.
1 person likes this
@vandana7 (95954)
• India
10 Feb
@DianneN That is the point...no real estate can be recorded without boundaries. How is the registrar allowing that? Somebody is scamming. I will talk to some people tomorrow and if I am not wrong, I will do something about it. They are openly saying they will demarcate only above 1 acre, and yet are offering 605 square yards plots...grrrr.
https://www.kisaanparivar.com/faq.php
1 person likes this
@JudyEv (312266)
• Rockingham, Australia
11 Feb
Good for you. This all sounds very shonky/bad.
1 person likes this
@vandana7 (95954)
• India
11 Feb
We do have undivided share of land associated with our apartments. But then, it is always accompanied by Encumbrance certificate evidencing the corresponding entries. With this kinda registration, such a think would not be possible. So encumbrance certificate would show as if the property is unencumbered, and consequently, the banker would trust the land owner and release loan funds...effectively making our property worthless. I have yet to ask my distant cousin about this...once I am sure, I might take it to some authorities who can act upon it. Crimes need to be clipped in bud, and all similar activities should be stopped and prevented.
1 person likes this
@vandana7 (95954)
• India
15 Feb
@JudyEv There is a gray area in law for which there is no viable solution. I am struggling with a case in Supreme Court (apex court) here. More than 30 years. Government records can be wrong, but rights of innocent buyer....what about them? I would think if government records go wrong, it should be the government who should compensate the innocent buyer. But government decides to look the other way. The government agencies are just focused on getting money. You could sell Statue of Liberty in our city...LOL Naturally, nobody gets the right, only the buyer suffers the loss.
1 person likes this
@JudyEv (312266)
• Rockingham, Australia
11 Feb
@vandana7 Corruption and wrongdoing just keep on increasing if people like yourself don't try to stop it.
1 person likes this
@kaylachan (45747)
• Daytona Beach, Florida
10 Feb
Not sure I understand the problem, but if you're suspicious, then do your digging. Be sure.
1 person likes this
@vandana7 (95954)
• India
11 Feb
Whatever I noticed was pretty serious... but I was left wondering why others have not noticed such things. If I was investing something like 100 dollars, I would not be as cautious as if I would be investing say 1000 dollars, right? So the investment is huge, so consulting advocates and consulting the registrar's office was necessary...preferably take opinions in writing.
@wolfgirl569 (79014)
• Marion, Ohio
10 Feb
Sounds like you did the right thing
1 person likes this
@vandana7 (95954)
• India
11 Feb
It feels that way. Hopefully, I am right. But hopefully, I am wrong because many would also lose their monies, and substantial monies at that. :(
1 person likes this
@rakski (114598)
• Philippines
10 Feb
Looks like you did something right.
1 person likes this
@vandana7 (95954)
• India
16 Feb
It felt good because the company has not responded. If the company does not respond it obviously knows it can incriminate them.
1 person likes this
@rakski (114598)
• Philippines
16 Feb
@vandana7 that is so true
@LindaOHio (123655)
• United States
11 Feb
Sounds like you did the right thing. I can't imagine selling plots without demarcation.
1 person likes this
@vandana7 (95954)
• India
12 Feb
There is something about minding own business and not minding own business. Not minding own business could lead to troubles...fear is, did I overstep.
1 person likes this
@sallypup (55011)
• Centralia, Washington
10 Feb
That doesn't sound right.
1 person likes this
@vandana7 (95954)
• India
10 Feb
I am worried about the investors, and now I am worried about me too. Kinda, if the money is huge, they are gonna try to harm me.
1 person likes this