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