Rose Valley investors, agents vandalise property

Hundreds of folks who had invested property in the schemes of the Rose Valley investors Group of Companies attacked most reliable assets of agents the organization in south Kolkata on Thursday.

An agitation disturbing return of money became violent whilst a mob comprising dealers and investors vandalized a lodge belonging to the agency.

Senior officials stated the neighborhood police station had to interfere to control the state of affairs. Two protesters were detained millionaire investors looking for projects.

The Central Bureau of Investigation and the Enforcement Directorate had been wearing out investigations into the unlawful deposits of the Rose Valley Group. The agency’s chairman and dealing with director Gautam Kundu became arrested in March 2015 and has been in the back of bars considering then three types of investors.

The CBI, in its charge sheet in opposition to Mr. Kundu and different senior officers of the company, referred to fees along with criminal conspiracy (Section a hundred and twenty B of IPC) cheating (Section of 420 of IPC) along side Sections 4 and six of The Prize Chits Money Circulation Schemes Banning Act. The ED has connected properties valued at ₹1250 crore of the business enterprise.

Those protesting for the duration of the day claimed that while they had now not were given their money again, positive commercial enterprise activities of the agency have been still happening. They wondered the tardy tempo of research into the scam.

The Trinamool Congress, whose leaders consisting of MP Sudip Banerjee were arrested for their alleged involvement in the scam, had raised questions over the long duration of investigations. Mr. Banerjee, who turned into arrested in December 2016, was granted bail in May this year.

Senior TMC chief Partha Chatterjee said the West Bengal authorities had taken steps to go back cash via setting up a commission but human beings had not were given any cash back because the Central groups started out the probe.

Let’s assume that you have agreed to complete a house sale transaction on Friday but decide to get a head start by moving your items out a few days or so before.

It’s not always something to undertake lightly because things can go wrong right up to the final seconds of legal ‘completion’ – so do discuss matters fully with your solicitor and take their advice. Even so, this is far from unknown and might sometimes make sense for logistical reasons if you and your purchasers have agreed so.

If you do go forward on this basis,


there are three REALLY important things to remember though:

  • even though you’ve moved out, the property is still legally yours and YOU are responsible for maintaining insurance on it right up until final completion;
  • given how attractive unoccupied properties are to thieves, vandals, and squatters, you may need to take special precautions to keep it secure until the new owners take possession;
  • you may need to close off some utility services.

On the first point, you’ll probably find that your existing buildings insurance will continue to cover your property while it’s unoccupied but only up to a specified number of consecutive days (usually 30-45). That’s fine for a typical holiday and it shouldn’t be a problem in this context of a few days while changing owners but check your policy anyway to be sure.

Be clear also that your policy doesn’t have special conditions relating to ’empty’ (i.e. unfurnished) versus unoccupied but furnished. That can happen sometimes.

As to the second point, burglars prefer unoccupied properties. There’s far less chance of them being discovered and even if you’ve emptied the property, they’ll find something to steal. Vandals will just enter the empty property to smash and wreck things because they think it’s ‘fun’ and squatters, though less of a problem these days than previously, can do so just to make what to them is some sort of political point.

Your insurance policy might state certain minimum additional security provisions you’ll be expected to make in situations where you’re emptying out your house. You’ll need to check your policy to be sure of the specifics but expect comments in areas such as:

  • using additional bolts and deadlocks;
  • making sure that a light or two is left on a timer switch;
  • making sure curtains and blinds are not removed from windows.

It’s possible you can find some good empty property security tips online or in some cases, your movers might also be able to offer some advice.

Your policy might also specify that while your property is unoccupied, you must take certain steps such as shutting off water and gas. That’s because (e.g.) a leak you might notice while living there, will go unnoticed if your property’s empty.

Why might insurers stipulate such conditions?

Well, it’s because the unfortunate fact of the matter is that your property is typically at much higher risk of these sorts of troubles when you’re not living there. Insurers know that and might like to see you reduce your risks as much as possible.

It’s worth checking these things and doesn’t just ignore them. That’s because if a problem arises on your property in between you moving out and the new owners moving in, you might find it becomes ‘tricky’ with a claim unless you’ve fully complied with the policy’s conditions relating to ‘in transit’ cover.

Benefits of an online listing to the seller:


1. He can make the listing from the comfort of his home.

2. The seller can reach out to a large number of prospective buyers.

3. He can market his property easily. This is done by uploading photographs and details about this property online. Websites allow a number of photographs to be uploaded. Owners also have the option of uploading videos of their property.

4. Websites provide the seller the flexibility to modify the data uploaded at any time as per his convenience.

5. They can directly connect with buyers without involving middlemen.

Benefits of an online listing to buyers:

1. They can select a property from the comfort of their home.

2. They can search property of their interest easily by applying relevant search filters.

3. They can avoid multiple trips to visit various properties. This is because they can shortlist properties of their choice by viewing the pictures uploaded. Then they can visit only those properties.

4. They can deal directly with the seller.

5. The information on the internet can be accessed at any convenient time.

The biggest benefit that online dealing provides the buyer and the seller is that it helps them in completely eliminating the agent. This results in huge savings for both, the buyer and the seller. It also helps them save their time and efforts.


Rohit Shetty

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