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Haryana Shahari Vikas Pradhikaran (HSVP) has initiated proceedings to cancel the allotment, building plan approval, and registry of a prime residential plot in Sector 23A worth Rs 4.4 crore, which was bought by an individual by paying just Rs 600 last year. The plot of 500 square yards was sold through e-auction in 2021-22. The allottee made six transactions of Rs 100 each, while the HSVP’s plot and property management (PPM) system recorded that it received payment of Rs 4.4 crore.
The irregularity came to light during an ongoing audit of HSVP’s bank accounts and the PPM system. HSVP has initiated a probe to find out such frauds. This is the second case in the city where the online HSVP platform has been manipulated for the allotment of properties worth several crores by making small payments. Earlier, two plots were allotted in a similar manner to a woman — HSVP received just Rs 4,879 from the buyer of two pieces of residential land in Palam Vihar and Sector 23A cumulatively worth more than Rs 6.5 crore.
The latest plot in question was allotted to the woman’s husband. The couple, who are from the IT sector, are under scrutiny. An FIR was registered against the woman for fraud in January this year. An internal investigation by HSVP revealed that the man, a resident of D-Block of Palam Vihar, participated in an e-auction for plot No. 3760 in Sector 23A last year. The person managed to get the allotment and between July and September 2022, made six transactions of Rs 100 each.
However, the HSVP system recorded that the authority received Rs 4.4 crore. On September 12, the person got possession of the plot, and on October 10, HSVP approved the building plan. The authority executed a registry on the plot in his name on October 13. Construction up to the foundation of the building was completed in December.
According to HSVP officials, certain receipts have been found in the PPM data which have either not been received or reflected in the bank statements or are of different amounts. The HSVP system stated that the man had made full payment and the plot had been allotted to him. Bank records, however, showed he had paid Rs 600.
This case highlights the need for increased scrutiny and regulation of the online platforms used for e-auctions in the real estate sector. As technology advances, so too do the methods used by fraudsters to manipulate these systems. It is therefore imperative that authorities remain vigilant and proactive in detecting and preventing such frauds.
Furthermore, this case also underscores the importance of transparency and accountability in the real estate sector. It is crucial that all transactions are properly recorded and verified to ensure that frauds like this are detected and prevented. The involvement of technology can facilitate this process, but it must be supported by strong governance frameworks and regulatory oversight.
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