VP Singh’s son duped in land deal
Ajeya Singh, son of former Prime Minister VP Singh, has allegedly been cheated of Rs 1 crore, He reportedly bought a flat in Defence Colony, which was actually mortgaged and was not fit for sale, reports Ravi Bajpai.Updated: Jul 18, 2008 23:36 IST
Ajeya Singh, son of former Prime Minister Vishwanath Pratap Singh, has allegedly been cheated of Rs 1 crore. He reportedly bought a flat in Defence Colony, which was actually mortgaged and was not fit for sale.
Singh is the latest addition to the rising list of people duped in fraudulent property deals in the National Capital Region where realty rates have shot up in the last few years.
Singh struck a deal worth Rs 2.75 crore for a 325-square yard, second-floor flat with terrace rights in Block C, Defence Colony, according to the First Information Report registered on Thursday on Singh’s complaint.
Singh paid a total of Rs 1 crore over the last few months to a couple who live in the flat and claim to own it fully. “Singh was apprehensive initially and in fact had also asked the sellers for an undertaking that the house was free of all encumbrances like mortgage and lease,” said a senior police officer.
Singh made the part payment and it was decided that the remaining balance would be paid once the property papers were transferred in his name by August 2007, as per the purchase agreement.
“Singh has alleged that the sellers didn’t transfer the papers and kept delaying. Finally, Singh became suspicious and inquired about the property and found out that it was mortgaged with UTI Bank’s Lajpat Nagar branch against which the sellers had taken a loan,” said an officer.
There was more disappointment for Singh.
After finding out the alleged fraud, Singh asked for his money, following which the sellers issued him a cheque of Rs 1 crore that was eventually dishonoured, Singh has told the police.
The police said such kind of fraudulent deals are on the rise. In total, the police are currently investigating more than 162 cases of land and building fraud. Of these, 20 relate to sale of mortgage property and 14 relate to sale of government land, according to police statistics.
“The figure is on the rise this year too. People need to be careful while paying money for property,” said an officer.