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RE: IS FUTURE TOKENIZATION OF PROPERTY MARKET something we should all be aware of?

in #blockchain6 years ago (edited)

Hi Piotr Sir,

The problems pestering the investors during the purchase of either a plot of land/independent house/an apartment are many. If they're not aware of the cheating practices involved in the buying and selling of properties, they will be losing their hard-earned money just like that.

I would like to tell you one mind-blowing case that shook our state top to bottom and the purchasers of a prime property in T.Nagar as well. The strange thing that happened and that needs special mention here is that the very same property has been sold to five different parties and queerest thing worth mentioning here is that all of the five parties involved in the purchase of the same were given five original documents for that very same property!

I checked with the net to get more details, but couldn't get it. Instead I am posting another link which explains about the property fraud extensively.

[https://www.google.co.in/amp/s/m.timesofindia.com/city/chennai/south-chennai-is-hub-of-property-fraud-in-city/amp_articleshow/65919840.cms]

If the STO is adopted with full force, then we can put a full stop to all these sorts of malpractices once for all!

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I just read your amazing comment @marvyinnovation

Thanks for sharing your knowledge and for your effort.

yours
Piotr