Rise in Fraudulent Real Estate Ads on Social Media Alarms Property Buyers in Bhubaneswar
Bhubaneswar is witnessing a surge in fraudulent real estate ads on social media, raising serious concerns among property buyers and experts. The authenticity of these listings is being questioned, leading to increased scrutiny and caution in the market.
Real EstateBhubaneswarFraudulent AdsSocial MediaProperty BuyersReal EstateMay 12, 2025
The problem is not new, but it has gained momentum in recent years, particularly with the widespread use of social media. Platforms like Facebook, Instagram, and WhatsApp are being used by fraudsters to post fake property listings. These listings often appear genuine, with detailed descriptions, high-quality images, and seemingly legitimate contact information. However, when buyers reach out, they are led into elaborate schemes that can result in financial loss and legal complications.
Property experts in Bhubaneswar are urging buyers to exercise extreme caution when browsing social media for property listings. Dr. Anil Kumar, a prominent real estate analyst, warns, 'The rise in fraudulent ads is a serious issue that can undermine the trust in the real estate market. Buyers should always verify the authenticity of a listing through multiple channels before making any commitments.'
One of the key strategies to combat this issue is to verify the credentials of the seller or agent. This can be done by checking their registration with the Real Estate Regulatory Authority (RERA) and looking for reviews and testimonials from previous clients. Additionally, buyers should always visit the property in person to ensure it matches the description and images provided.
Several real estate companies in Bhubaneswar are also taking proactive measures to protect their clients. Companies like Bhubaneswar Property Solutions and Odisha Realty are implementing stringent verification processes to ensure that all listings are genuine. They are also educating their clients about the common red flags to watch out for, such as unusually low prices, high-pressure sales tactics, and requests for large upfront payments.
Despite these efforts, the problem persists, and the authorities are stepping in. The Bhubaneswar police have set up a dedicated unit to investigate cases of real estate fraud. They are working closely with social media platforms to identify and take down fraudulent listings. The police urge anyone who has been a victim of such fraud to report the incident immediately.
For potential buyers, the message is clear: due diligence is essential. The allure of a seemingly perfect property at a great price can be tempting, but it is crucial to verify every detail and seek professional advice when in doubt. By staying informed and cautious, buyers can protect themselves from falling victim to fraudulent real estate ads on social media.
In conclusion, while the real estate market in Bhubaneswar continues to grow, the rise in fraudulent ads is a significant concern. Buyers and experts alike are taking steps to combat this issue, and with increased awareness and vigilance, the market can remain a safe and reliable place for investments.
Frequently Asked Questions
What are some common red flags in fraudulent real estate ads?
Common red flags include unusually low prices, high-pressure sales tactics, requests for large upfront payments, and lack of proper documentation or RERA registration.
How can I verify the authenticity of a property listing on social media?
You can verify the authenticity by checking the seller's or agent's RERA registration, looking for reviews and testimonials, and visiting the property in person.
What should I do if I suspect a real estate listing is fraudulent?
If you suspect a listing is fraudulent, report it to the local police and the social media platform where you found the ad. It is also advisable to consult a real estate professional for guidance.
Are there any real estate companies in Bhubaneswar that can help verify listings?
Yes, companies like Bhubaneswar Property Solutions and Odisha Realty are known for their stringent verification processes and can help ensure the authenticity of a listing.
What role are the authorities playing in combating real estate fraud?
The Bhubaneswar police have set up a dedicated unit to investigate cases of real estate fraud. They are working with social media platforms to identify and remove fraudulent listings and encourage victims to report incidents.
Related News Articles
Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market
Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.
PM Modi to Launch Multiple Development Projects in Maharashtra Worth Over Rs 56,000 Crore
Prime Minister Narendra Modi will visit Maharashtra on Saturday to launch several development initiatives costing over Rs 56,000 crore, including the BKC-Aarey JVLR section of Mumbai Metro Line - 3 and various agricultural and animal husbandry projects.
Cornell University: Klarman Fellow Reveals Insights on Housing Costs
A Klarman Fellow at Cornell University has conducted a groundbreaking analysis of housing costs, providing new insights into the factors affecting real estate development and the built environment. This research has significant implications for urban plan
Mumbai Real Estate Projects Halted by New Environmental Clearance Order
The real estate sector in Mumbai is experiencing significant disruptions due to a recent directive from the National Green Tribunal (NGT). This order has led to the suspension of nearly 200 projects in the Mumbai Metropolitan Region (MMR), causing delays
Bhubaneswar: SJTA to Launch Online Platform for Land Settlements
Currently, individuals occupying temple lands submit manual applications to SJTA for property sale or transfer. This process is set to become more efficient with the launch of an online platform.
Mumbai Property Registrations Show Strong Growth in February 2025
Mumbai witnessed a significant rise in property registrations in February 2025, with 12,056 units registered, according to real estate consultant Knight Frank India. This growth indicates a robust market recovery and increased investor confidence in the c