The green space in such ventures is often turned unlawfully into plots and sold out by real estate firms to gullible customers, who would later face legal problems. (Pexels)
Khammam: The government is planning to raise saplings or develop nurseries in the green space earmarked for real estate ventures immediately after issuing the clearance certificates for these projects.
The green space in such ventures is often turned unlawfully into plots and sold out by real estate firms to gullible customers, who would later face legal problems. Such a malpractice was found in 95 real estate ventures under the Sthambadri Urban Development Authority (SUDA) during the last five years.
These irregularities occurred due to lack of alert or silent nod by concerned officials. To check such malpractices, the government will take control of these green space lands and turn them into nurseries or raise saplings there.
A dozen firms were found selling such lands without obtaining permission from the government. Such firms neither follow the norms nor give clear title deeds to its subscribers. The officials noticed that these companies are not paying development fees and even using the land as their own farm estates.
These companies used to appoint consultants by offering impressive amounts for selling the projects.
The modus operandi is – divide the small piece of land as units like 50 square yards or 100 square yards and use small investors to sell them. The subscribers will be told that they will get ten times the amount they paid, after 20 years.
There will be no demarcation of the plots and it is difficult to identify the plots.
Social activist G Anand said, "This is a big scam. These firms will register a unit of land and make an agreement with the buyer that they will maintain the land for raising plantation for 15 to 20 years. Such agreement will eventually turn into a curse to the buyer."
The mindset of the subscribers and real estate venture owners should be changed -- that the green space belonged to the government or the society.
The real estate companies have no rights on it and the buyers will not get legal protection.
The government plans to constitute teams to visit these illegal projects. It is losing crores of rupees due to irregular collection of development fees. The additional collectors and officials of Sthambadri Urban Development Authority (SUDA) construct walls around green space and plant saplings there.
Officials have been asked to take stern action against the venture companies that are violating rules.
Narasimha Rao, correspondent of Khammam Study Circle, who is facing legal problems on a plot that he bought in a real estate venture, said, "The prevailing laws are stringent and they should be implemented in a proper manner to check such irregularities."