For many families, property is not just a financial asset but a symbol of stability, security, and legacy. Sadly, this very value makes property ownership a prime target for fraudsters. Among the most serious threats is the property scam, where criminals forge documents and deceive property owners—often seniors—into handing over ownership or control of their homes and land.
What is the property scam?
Property scams involving document forgery usually follow a pattern:
- Fraudsters create counterfeit property documents, fake power of attorney papers, or falsify signatures to claim ownership.
- They may impersonate rightful owners, especially if the actual owners are elderly or absent, and present these forged documents to sell or mortgage the property.
- Sometimes, scammers pose as buyers and pressure seniors into signing documents they do not fully understand, which later turn out to transfer ownership.
These scams are often executed with the help of insiders or by exploiting gaps in verification processes at local registration offices.
How to identify the scam
Although these schemes can be sophisticated, some red flags include:
- Unexpected communication from someone claiming rights to your property.
- Offers to “help” with property paperwork that require urgent signatures without full explanation.
- Missing, altered, or suspiciously new documents related to long-held property.
- Discovery of property tax notices or legal summons in someone else’s name.
- Pressure to sign documents without independent legal review.
It is especially important for seniors to ensure that all property transactions are accompanied by trusted family members and verified by qualified legal professionals.
How common is this scam?
Property fraud is recognised as a significant problem in India, with seniors often among the most vulnerable:
- According to the National Crime Records Bureau (NCRB), thousands of cases related to forgery, cheating, and breach of trust are reported annually, many involving real estate.
- In states like Maharashtra, Delhi, Uttar Pradesh, and Karnataka, local police have highlighted frequent incidents where elderly property owners were targeted by scammers using fake documents.
- Real estate experts also warn that vacant properties, or those owned by seniors living elsewhere, are at the highest risk of fraudulent transfers.
How to protect yourself and your family
- Regularly check property records at the local sub-registrar office to confirm ownership details.
- Keep all original property documents secure, and store copies separately.
- Consult an experienced lawyer before signing any property-related documents.
- Avoid giving power of attorney to persons outside the immediate family unless absolutely necessary.
- Share property details and plans with trusted family members so fraudulent attempts can be identified promptly.
Stay Informed
At Eldersave, we are dedicated to helping seniors in India live more securely and confidently in an increasingly digital world.
Our services include:
- Cutting edge AI powered scam detectors
- Educational resources about common scams and fraud prevention
- Practical tips to protect personal data and finances
- Regular updates on new and emerging threats targeting elders
We believe that awareness and preparedness are the strongest defenses against fraud.
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