Imagine this you booked a flat, took a loan, construction had started, even corporation challans were paid.
But later you find out… the property was sold without consent, mortgaged to a bank, and you weren’t informed at all.
???? EMI is active, but there's no flat possession
⚠️ Documents in hand, but the sale agreement is invalid
???? Registry not possible, and your CIBIL score is at risk
In this real estate fraud case, we cover how a developer misused Power of Attorney, sold multiple flats, mortgaged the entire land, and then exited the project leaving innocent flat buyers in deep legal and financial trouble.
✅ This episode covers:
– What is a Power of Attorney (PoA) and how it’s misused in Indian real estate
– Why even RERA-registered flats can turn into legal traps
– What happens when the builder exits mid-construction
– Can banks give loans on illegally mortgaged property?
– How flat buyers can protect themselves before booking
???? What you’ll learn:
Real estate fraud detection techniques
Legal loopholes in PoA-based developments
Why challans and construction don't guarantee safety
Importance of title verification before booking a flat
Steps buyers must take to secure themselves legally and financially