Talk About a Bubble – In India Realtors Are Targets of Organized Crime

IndiahousingWe read on this page and across the internet the rise in real estate crime these days. While in the United States we see evidence of fraud, this is small potatoes compared to what is happening in India as organized crime has moved in and realtors are regularly the target of kidnappings and murder.

With land costs sky-rocketing every passing day and disputes involving mind-boggling amounts of money cropping up every hour, gangs of hired assassins and organised criminals are entering the scene posing a new challenge to the police. What is making things worse is the usage of firearms in commission of crimes by these groups.
If kidnap and murder of a realtor Chalama Reddy from Karmanghat a few days ago sent the alarm bells ringing, the gunning down of another realtor Nageswara Rao in front of his house at Saidabad has made it clear that such criminals are spreading their tentacles via The Hindu

Related posts:
  1. The National Association of Realtors Are Not Leasing Agents
  2. Victims of Burglary Post Surveillance Video on YouTube, Result a Conviction
  3. Homeless Groups Organizing Squatters To Take Foreclosures

« « How A Developer Ripped Off “Queen of Mean’s” Chef| Your Home An Advertisement – The Simple Life House in Atlanta » »

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
      Pete | 21Mar10 | More
    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner