Corruption in Real Estate - Inputs on Root Causes
Below are your inputs on key issues regarding Corruption in Real Estate. Kindly review and help identify root causes for these corruption issues. IT is critical we understand them before we make policy change recommendations to Center, States, Investigation Agencies. This is one of the top areas of corruption in terms of magnitude and even 20% reduction in corruption will help the common man.
Corruption in Real Estate - Key Issues
1. Politicians take bribes from the builders to get them land allotted
2. Huge bribes are paid to change land use or to get permissions to construct residential or commercial buildings
3. Builders bribe the officials to get the safety certificates
4. In the name of charging for super built area, every buyer is forced to pay considerable amount of money in excess of what actually is the cost
5. Buyers are required in most cases to come up with cash/black money to buy real estate
6. In some cases the housing complexes are built on land with dubious papers/forged papers in connivance with the officials/political power
7. Several housing plots are illegally occupied and sold again with fake photo and papers
8. In 90%+ cases one has to pay bribes at the property registrar’s office
9. Government/Public Land is encroached bribing the entire system and muscle power and then sold at premium price. more
Corruption in Real Estate - Key Issues
1. Politicians take bribes from the builders to get them land allotted
2. Huge bribes are paid to change land use or to get permissions to construct residential or commercial buildings
3. Builders bribe the officials to get the safety certificates
4. In the name of charging for super built area, every buyer is forced to pay considerable amount of money in excess of what actually is the cost
5. Buyers are required in most cases to come up with cash/black money to buy real estate
6. In some cases the housing complexes are built on land with dubious papers/forged papers in connivance with the officials/political power
7. Several housing plots are illegally occupied and sold again with fake photo and papers
8. In 90%+ cases one has to pay bribes at the property registrar’s office
9. Government/Public Land is encroached bribing the entire system and muscle power and then sold at premium price. more
Viewed by 1835
View all 75 comments Below 75 comments
I have only one Question..... .... is Govt or Political leaders really don't know about how to stop the corruption / how to make the corruption free country ????? more
Nov 15
Accountability of beaurocracy is the solution. Make all applications on line. Dealing officials should sort the case within a certain time limit or raise objection in writing within given time. Meetings between officials and officers should be in conference rooms with cameras and recordings. more
Oct 03
To stop corruption in real estate do not invest in real estate !!! prefer to travel for few minutes than pay for real estate at higher rates.. more
Sep 28
How can you stop corruption when the giver and receiver are present the society?. Even the poor pay bribes to get their jobs done. So only demonetization can stop this sort of bribe giving and bribe taking. The poor pay bribes of over Rs 8,000 million to access public services. http://infochangeindia.org/governance/books-a-reports/the-poor-pay-bribes-of-over-rs-8000-million-to-access-public-services.html more
Sep 22
Corruption in Real Estate - Solutions for Key Issues 1. Politicians take bribes from the builders to get them land allotted Demonetize so that no bribe can be paid in cash. 2. Huge bribes are paid to change land use or to get permissions to construct residential or commercial buildings As above. 3. Builders bribe the officials to get the safety certificates As above. 4. In the name of charging for super built area, every buyer is forced to pay considerable amount of money in excess of what actually is the cost Super built up area means the buyer is paying for common amenities which includes compound area, staircase area, car porch etc. There is nothing wrong in that. 5. Buyers are required in most cases to come up with cash/black money to buy real estate All payments to builder through cheques only. Demonetize to stop black money circulation. 6. In some cases the housing complexes are built on land with dubious papers/forged papers in connivance with the officials/political power Bribe is the incentive for this. Stop bribery by demonetizing. 7. Several housing plots are illegally occupied and sold again with fake photo and papers Real Estate Regulatory Authority already formed to control this. http://timesofindia.indiatimes.com/business/india-business/Cabinet-clears-creation-of-real-estate-regulator/articleshow/46843176.cms 8. In 90%+ cases one has to pay bribes at the property registrar’s office Solution 1 above 9. Government/Public Land is encroached bribing the entire system and muscle power and then sold at premium price. Solution 1 above. more
Sep 18
