Historical Context of Property Fraud

1. 1991-1997 Property Schemes: During this period, numerous companies collected
   large sums of money from the public, promising lucrative returns from investments in
   agricultural land across Tamil Nadu, other parts of India, and even Africa. For
   example, companies like the Chennai-based Kalai Magal Sabha promised to distribute
   profits from their acquired lands, but later faced legal issues and ceased operations.

2. Examples of Fraudulent Companies:

• Kalai Magal Sabha: Collected money from the public and invested in land but
  eventually failed due to government regulations.
• Anubhav Foundation: Promised returns from teak plantations but faced similar
  issues.
• Sterling Tree Magnam: Operated under Sterling Resorts and faced allegations of
  fraud.
• Goat Farm: Offered returns from goat farming but collapsed due to regulatory
  issues.
• Sterling Orchidings: Promised returns from orchards but failed to deliver as
  promised.
• PACL (Pearls Agrotech Corporation Limited): Acquired thousands of acres but
  was later investigated and faced legal issues.

3. Current Status of Properties: Many properties acquired by these companies are now
   under government or court control. Due to mismanagement and fraud, these lands are
   often encroached upon or sold fraudulently.
4. Legal Measures and Government Actions: Properties are under scrutiny by various committees and government agencies. A dedicated website, www.actionpacl.com, lists
   properties under PACL’s control, advising buyers to purchase only through government auctions.

Checklist for Buying Land
When purchasing land, ensure you perform thorough checks to avoid complications:

1. Land Characteristics:

• Frontage: Measure the length of the land’s frontage.
• Access Road: Identify the type of road accessing the property (National Highway,
  State Highway, Village Road, etc.).
• Land Shape: Determine if the land is square, rectangular, triangular, or irregular.
• Soil Type: Check if the soil is clay, sandy, loamy, etc.
• Topography: Identify if the land is flat, sloped, or has depressions.
• Water Sources: Check for wells, borewells, and water quality.

2. Survey and Boundary Markers:

• Verify the survey number and boundary stones.
• Ensure correct marking of survey stones, boundary pillars, and land contours.

3. Property Documents:

• Title Deeds: Ensure all title deeds are clear and updated.
• Power of Attorney: Verify if the property is under any power of attorney.
• Encumbrance Certificate (EC): Confirm the EC is valid and covers the period of
  interest.
• Past Ownership: Check for any past disputes or claims on the property.

4. Legal Status:

• Government Notifications: Look for any government or court notifications related
  to the property.
• Property in Trust or Acquisition: Verify if the property is under any trust or
  government acquisition.

5. Practical Considerations:

• Nearby Industries: Ensure there are no harmful industries nearby.
• Development Plans: Check for any future development plans in the vicinity.

3. Special Considerations for Agricultural Land
4. Farm Land Investment:

• Be cautious with investments in agricultural land, especially with schemes offering
  returns based on crop yields or livestock.

Fraudulent Practices:Be wary of companies promising high returns from agricultural investments without clear, documented evidence.

Conclusion
When purchasing property, especially land that may have been involved in previous
fraudulent schemes or legal disputes, it’s crucial to perform thorough due diligence.
Using checklists and verifying all documents can help protect against potential fraud
and legal issues. Always cross-check information from multiple sources and consult
legal experts if necessary.

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