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Legal service India => Property laws => Topic started by: prad on December 23, 2015, 05:05:45 AM

Title: Real estate agent cheated against investment in property ( purchasing Flat)
Post by: prad on December 23, 2015, 05:05:45 AM
Hi, Real estate agent promised me a good return in investment in flats, agent said he has sole selling rights of 10 flats in one Builder project, if I invest agent will pay additional Rs. 500/per sq.ft on the current rate irrespective of market rate after 6 month, agent said all the payment will be done to him because he is taking responsibility and accordingly I mad payment to him through cheque for two flats(one on my name and other on my relative name), 30 % for one flat in oct 2013 and 100% for other in feb 2014. amount is approx. 14 lakhs, I have notary for both the flats with all the above conditions mentioned above between myself and agent, after further insisting agent provided me  two letter on builder letterhead mentioning 30% payment. after one year I tried to take loan for one flat but agent could not provide required document to bank, and then agent said the development rights has been transferred to new builder and agent is trying to recover money form builder. initially agent give me a new date that by this time I will give money after taking from builder, and he spent 3-4 months but not given single paisa, he moved to some other place, I contacted builder and builder said he has only given 1lakhs, later I found he is a cheater, he has taken money form many people, he has provided his sister address where he used to live early but he is not living there. I visited agent sister house, she said I don't know where he lives and what he does, pls advice how to take my money back and put agent behind bar so that he cannot cheat others.
Title: Re: Real estate agent cheated against investment in property ( purchasing Flat)
Post by: adv.amarnath on December 28, 2015, 08:08:29 AM
File a 420 case against him... and issue search warrant.... further once you get address of him then file a money suit against him...
Title: Re: Real estate agent cheated against investment in property ( purchasing Flat)
Post by: prad on December 28, 2015, 10:50:05 PM
Thank you for your valuable suggestion.